Nortel Network News

In the summer of 2001, Pat DiPietro had an epiphany: if he wanted to be part of a growth industry, he'd have to leave Nortel Networks Corp.

On a frigid day several winters ago, a solitary, angular man made his way across his property near Caledon Hills, north of Toronto.

Gary Daichendt and Gary Kunis were extremely wealthy when they retired from Cisco Systems Inc.

Swedish telecom equipment maker Ericsson expects to close its acquisition of key assets of bankrupt Nortel Networks Corp very soon, a senior company executive said on Thursday.

Canwest News Service is detailing the collapse of one of the country's largest companies.

When Mike Zafirovski was new to the job of chief executive, he nixed a plan that might have transformed Nortel Networks Corp.

During a panel discussion Tuesday at VoiceCon San Francisco 2009 , industry experts said Nortel Networks' collapse and potential acquisition by Avaya definitely raises many questions for enterprises, but businesses can maneuver through the ripple effects by not panicking and doing their due diligence.

"Nortel's decision to provide access to its communication enabled business solutions over Amazon EC2 is yet another indicator that cloud computing is the future," said Sheila McGee-Smith, president and principal analyst, McGee-Smith Analytics.

Nokia Siemens Networks, the No. 2 maker of wireless network equipment, said Tuesday that it planned to cut 9 percent of its workforce as it attempted to weather a double-digit sales decline and stiffer competition from Chinese manufacturers.

New Democrat Leader Jack Layton is calling for reforms to Canada's bankruptcy laws to have employee pensions given priority in court proceedings.

January 2009: Mike Zafirovski was troubled by the week's events when he headed out for a late Friday-night dinner with friends in Toronto.

Two relatively significant pieces of news from Nortel Networks were released on Wednesday.

Under the amendment, Nortel and Ericsson have extended to November 30, 2009 the date by which to close the sale.

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Fifteen-year Nortel employee Andrew Moizer now runs a farm and helps out his wife, who manages the Yellow Canoe Cafe in Merrickville.

The federal government has moved to head off mounting anger among Canada's pensioners, announcing a series of reforms designed to put plans on a sounder footing and extend protections.

Quebec stepped up Monday with a plan to provide some help for about 3,000 retired Nortel Networks pensioners facing an uncertain future.

Former Nortel employees were joined by other workers for a demonstration on Parliament Hill in Ottawa this month.

Insolvent telecom equipment maker Nortel Networks has agreed to sell some of its next-generation packet core network component assets to Japanese electronics manufacturer Hitachi Ltd.

By Chad Berndtson , ChannelWeb 7:20 PM EDT Wed. Oct. 21, 2009 Avaya's move to purchase the enterprise business unit of bankrupt Nortel Networks has also meant that its key solution providers are aligning their practices for when that $915 million acquisition is finally approved.