Last July, Microsoft and Nortel announced a strategic partnership in order to develop innovative methods of business communication by focusing on integrating voice, e-mail, instant messaging, multimedia conferencing and other forms of communication.
Nortel President and COO Leaves, CTO Goes With Him
Nortel Networks’ President and Chief Operating Officer Gary Daichendt has decided to leave the company because of a difference of business views with CEO Bill Owens.
Nortel COO Departs After Three Months
The number 2 executive at the telecom equipment supplier suddenly resigns after only 12 weeks on the job.
Nortel President, COO, and CTO Leave Company
Gary Daichendt has stepped down as Nortel Networks’ President and Chief Operating Officer after only working for the company for three onths. His reason for leaving the company is a difference of business views with CEO Bill Owens.
Nortel To Buy Gov. IT Services Firm
Nortel Networks Inc. is buying government IT services firm PEC Solutions for $448 million.
Nortel Invests $10 Million in Sasken
Nortel has invested US$10 million in Sasken Communication Technologies Limited for an undisclosed stake in Sasken’s fully diluted equity, the companies announced today.
Nortel Gets New CFO
Nortel Networks appointed senior executive Peter Currie as CFO effective February 14, 2005.
LG Electronics and Nortel Announce Joint Venture
LG Electronics and Nortel are establishing a joint venture to provide telecommunications equipment and networking solutions to Korea and other markets globally.
Nortel Pays for Deadline Blunders
After three deadline blunders, Nortel finally completed a restatement of 2001 to 2003 results.