Nortel Networks Corporation

News and overview for Nortel Networks Corporation

Nortel Reports Financial Results for the Third Quarter 2008
FierceWireless | 58 days 14 hours 27 minutes ago
Provides Business Review UpdateNOVEMBER 10, 2008 Third quarter revenues and margins in line with September 17th expectations Challenging environment and stronger U.S. currency result in full... Read more >>


Nortel Receives Waiver From Export Development Canada [Press Release]
MarketWire | 23 days 4 hours 8 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 12/15/08 -- Nortel(1) Networks Corporation ("Nortel") (TSX: NT)(NYSE: NT) today announced that its principal operating subsidiary Nortel Networks Limited ("NNL") has obtained a 30 day waiver from Export Development Canada ("EDC") to permit continued access by NNL to its EDC performance-related support facility ("EDC Support Facility"). The waiver applies to EDC's right under the facility to suspend or terminate support resulting from today's downgrade by M...


Nortel Receives Notice From the NYSE on Continued Listing Standard [Press Release]
MarketWire | 27 days 7 hours 51 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 12/11/08 -- Nortel(1) Networks Corporation ("Nortel") (TSX: NT)(NYSE: NT) today announced that on December 11, 2008 it received notice from the New York Stock Exchange (the "NYSE") that Nortel has fallen below one of NYSE's continued listing standards regarding price criteria for its common stock as a result of the company's common shares having an average closing price of less than US$1.00 per share during the consecutive 30 trading days ended December 9,...


Zacks Bull and Bear of the Day Highlights: CEMIG, Nortel Networks, BJ Services, D.R. Horton and Eastman Chemical [Press Release]
Business Wire | 33 days 21 hours 42 minutes ago
Zacks Equity Research highlights CEMIG (NYSE: CIG) as the Bull of the Day and Nortel Networks Corporation (NYSE: NT) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on BJ Services Company (NYSE: BJS), D.R. Horton, Inc. (NYSE: DHI) and Eastman Chemical Co. (NYSE: EMN).


Focus on the World Interactive Voice Response (IVR) Systems Market [Press Release]
Business Wire | 19 days 22 hours 42 minutes ago
Reportlinker.com announces that a new market research report related to the Telephony industry is available in its catalogue.


Zacks Analyst Blog Highlights: Nortel Networks Corporation, Halliburton Company, DryShips Inc., WESCO International, Inc. and Radio One, Inc. [Press Release]
Business Wire | 33 days 21 hours 42 minutes ago
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Nortel Networks Corporation (NYSE: NT), Halliburton Company (NYSE: HAL), DryShips Inc. (NASDAQ: DRYS), WESCO International, Inc. (NYSE: WCC) and Radio One, Inc. (NASDAQ: ROIAK).


3Com Elects David H.Y. Ho to Board of Directors [Press Release]
Business Wire | 22 days 13 hours 59 minutes ago
3Com Corporation (Nasdaq: COMS) today announced that the company's Board of Directors has elected David H.Y. Ho, the former Chairman of the Greater China Region for Nokia Siemens Networks, to serve as a Class I director, effective December 10, 2008. Ho, the eighth member of the 3Com Board of Directors, is an “independent” director.


An Essential Industry Profile Examining Networking Equipment in the Netherlands: Understand the Market with Forecasts, Demographic Data & Key Trends [Press Release]
Business Wire | 84 days 16 hours 42 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/e08085/networking_equipme) has announced the addition of the "Networking Equipment in the Netherlands" report to their offering.The Networking Equipment in the Netherlands industry profile is an essential resource for top-level data and analysis covering the networking equipment industry.


National Level Analysis of Networking Equipment in Spain [Press Release]
Business Wire | 82 days 23 hours 12 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/6a4da2/networking_equipme) has announced the addition of the "Networking Equipment in Spain" report to their offering.The Networking Equipment in Spain industry profile is an essential resource for top-level data and analysis covering the networking equipment industry.


Networking Equipment Market in Italy Explored [Press Release]
Business Wire | 90 days 12 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/7d66a6/networking_equipme) has announced the addition of the "Networking Equipment in Italy" report to their offering.The Networking Equipment in Italy industry profile is an essential resource for top-level data and analysis covering the networking equipment industry.


UGI Appoints Davinder Athwal Chief Accounting Officer and Chief Risk Officer [Press Release]
Business Wire | 9 days 16 hours 47 minutes ago
UGI Corporation (NYSE: UGI) today named Davinder Athwal, Vice President-Accounting & Financial Control, Chief Accounting Officer and Chief Risk Officer, effective December 29, 2008. Athwal will report to Peter Kelly, Vice President-Finance and Chief Financial Officer, and will assume oversight responsibility for accounting, financial reporting and internal controls at the Company. He also will have responsibility for the continued development and implementation of the Company’s enterprise ris...


JANET deploys largest European 40Gbps education network
Total Telecom Magazine (U.K.) | 18 hours 40 minutes ago
JANET deploys largest European 40Gbps education network JANET 06 January 2009 JANET sets another first with the largest European deployment of 40Gbit/s on a national education and research network (NREN). JANET(UK) have completed a programme to upgrade the JANET core network from 10Gbit/s circuit capacity to 40Gbit/s, making it the largest deployment of 40Gbit/s over an NREN in Europe.The 40Gbit/s deployment took place in 2 phases. Phase...


Research and Markets: IP Phones Worldwide on the Desk and Beyond [Press Release]
Business Wire | 15 days 20 hours 36 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/9427dd/ip_phones_worldwid) has announced the addition of the "IP Phones Worldwide — On the Desk and Beyond" report to their offering.


GENBAND CEO Named to the Telecommunications Industry Association (TIA) Board of Directors [Press Release]
Business Wire | 37 days 13 hours 58 minutes ago
GENBAND Inc., a market-leading developer of next-generation IP infrastructure solutions, today announced its president and chief executive officer, Charles D. Vogt, has been unanimously confirmed as a board member of the TIA, the leader in advocacy, standards development, business development and intelligence for the information and communications technology (ICT) industry.


Professional Services Expansion Bolsters Broadview Networks' Role as the Total Solution Provider [Press Release]
Business Wire | 1 day 17 hours 37 minutes ago
Broadview Networks, a leading business communications provider, today announced expanded availability of its Professional Services portfolio throughout its entire geographic footprint. Broadview’s Professional Services offering is broken into three major service categories; Network Design, Implementation and Management; Data Center Solutions; and IT Engineering. These services augment Broadview’s Total Solution approach by providing businesses with reliable IT expertise and support.





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Company Overview


Company: Nortel Networks Corporation
Industry: Wireline Telecommunications Equipment
Website: http://www.nortel.com

Nortel Networks helps communications services providers answer the call. One of the top makers of telecom equipment in North America, the company makes core network switching, wireless, and optical systems for customers worldwide. Its wireline and enterprise network equipment includes systems for digital voice and data switching, routing, and call center communications. Wireless products include cellular base stations and controllers. Nortel makes such long-haul fiber optic products as multiplexers and switches. Its service arm offers network implementation, managed services, and software development. Clients include global communications carriers; regional, local, and wireless operators; and corporations.


Key Numbers

Sales in U.S. Dollars (mil.) 10,948 (2007)
One-year % Growth in Sales -4.1 (2007)
Net Income in U.S. Dollars (mil.) -957 (2007)
One-year % Growth in Net Income 0.0 (2007)
Number of Employees 32,550 (2007)
One-year % Growth in Number of Employees -3.6 (2007)
Fiscal Year-End December