According to CEO Bill Owens, Nortel Networks will take its time before
it hires a new CTO to replace Gary Kunis, who quit in May along with
COO Gary Daichendt. "It is a very important part of Nortel," Owens told
Reuters. "We're making billion dollar bets in many (technological)
areas and you just need to be really certain you're going in the right
direction." Here's a few strategic ideas for Nortel: how
about buying Peerio
(the last man standing after Avaya acquired Ottawa-based Nimcat
Networks for $46-million earlier this week) to get into the P2P IP PBX
market, or maybe Digium (Asterisk) to
enhance its foothold in the IP PBX sector?
Update: Nortel also plans to
unveil a new core and edge router strategy after its partnership with
Avica Systems "didn't give us the traction we need", according to Peter
Kelly, who leads Nortel's enterprise unit in Europe and the Middle
East. Not sure whether this will mean the creation of its own
technology, an acquisition or partnership with a vendor such as
Juniper. There's also a report Nortel is in discussions with Rogers
Communications to sell its corporate headquarters in Brampton, Ont.
Apparently, Rogers is "bursting at the seams" after acquiring Microcell
last year.
|
||||||||
|
Mark Evansthe blog - examines the world of telecom and technology from a distinctly Canadian perspective.the person - lives in Toronto, CA with his wife and three children, and works as director of community with PlanetEye Inc. 
|
Nortel Looks for New CTO; Needs Strategic Acquisitions
by
Mark Evans
on Wed 21 Sep 2005 12:09 AM EDT | Permanent Link
Comments
Re: Nortel Looks for New CTO; Needs Strategic Acquisitions
by
Anonymous
on Wed 21 Sep 2005 02:22 AM EDT | Permanent Link
There is so much ONGOING bad news with so much more yet to come with Nortels fines, legal fees, debt repayment, lawsuits, etc...
How much did their partnerships with RIM, IBM, Symantec, Microsoft make to recently announce partnering with intel, trying align themselves with successful microcomputer consumber based brand names seems as desperate as advertising to the end user than their vertical markets. Always announcing fluff like selling to librarys or even a tribe in a mall, ploys in desperation.... They are losing money... like their earinings losing ventures, LG down 70% profits, PEC declining profits since 2002, NT continuing down trend from worst yesr since mid 1990's.. Rapidly depleting cash with debt to pay from this as no one will finance unrelaible financials let alone losing money... Board resigns in plea bargain, Gary and Deroma suddenly quit, and no one wants anything to do with these ongoing bonus happy frauds still there remaining silent as they await fraud charges... How can this silent misleading company embroiled in fraud still trade to this very day after so many delays in silence to furnish unreliable numbers on a recount of a recount, a restated restatement, they changed last second becuase they were dissatisfied with the numbers... yet they can pay themselves bonuses and forecast with them... They should pay the defrauded first, those they have robbed where the most sinister of terrorists would applaud for what they have done to so many North American lives before gambling the money on ventures that make exponentially less sense than their bubble acquisitions that lost billions... Let the lawsuits commence, settle or go to trial! No more stall tactics, so many dear lives suffer chronically to their actions, as this once largest traded stock reuins the equities markets and out economy. Who the hell trusts the markets with crooks like this and the increased fraud?! Who is doing anything about this? Cetainly not the government embroiled in ad scandals of their own with an exponentially worst opposition. Some one has to speak out! Thanks Mark in assisting to shed light in many areas, we need some real criticism with teeth as they still have a bonus structure entact they fixed at the AGM, and still make CFOs CEOs, where nothing has changed. |
My blog has moved.
Check out the new Mark Evans. It's part of my mini-blog empire that also includes All About Nortel and Twitterrati. You can subscribe to Mark Evans Tech by clicking on the RSS symbol above.
Check Out These Blogs
Search
Login
|
||||||
|
||||||||