We’re no rating agency here at GigaOM, but Om and I got together this week to figure out our coverage priorities for the coming months — let’s call it a spring cleaning — and decided there are five companies that we’re just not going to spend… Read More »
Tech
Nortel, the bankrupt telecommunications gear maker, said today it will lay off an additional 3,200 workers worldwide over the coming months — bringing its total workforce down to 25,000. The Canadian company, which filed for bankruptcy in January, said last November that it
Radware, a maker of application delivery equipment, wants to buy a business unit of bankrupt gear maker Nortel Networks. The unit in question is known as Alteon; it makes application switching and WAN optimization products for the data center. Nortel bought Alteon for $7 billion… Read More »
Today Ericsson reported a 31 percent drop in its fourth-quarter profits to 3.9 billion kronor ($465 million), announced 5,000 job cuts and said its core telecommunication equipment business was still unaffected by financial turmoil. Ericsson saw a large loss in its handset unit, but demand… Read More »
Updated with confirmation, comment from Nortel: In a sign of just how deep the troubles of the troubled telecommunications industry currently run, The Globe and Mail is reporting — and Nortel Networks has now confirmed — that the equipment maker plans to file… Read More »
Today beleaguered telecommunication equipment maker Alcatel-Lucent said it would cut 2 billion euros ($2.7 billion) in costs between now and 2010. It plans to do this by laying off 1,000 managers, 5,000 contractors and cutting costs in areas such as R&D and real estate.… Read More »
According to the Wall Street Journal, telecommunications equipment maker Nortel is talking to lawyers about its strategy, including filing for bankruptcy. This is grim news for the vendor and the industry at large. Nortel has a lot of debt ($4.5 billion as of the last… Read More »
Today Nortel named two of the customers deploying its new 40G optical long-haul network equipment, begging the question, Why the heck do we need those bandwidth caps? The short answer is, we don’t. Read More »
After a few quarters of nonchalant statements that the sub-prime mortgage crisis and rising oil prices weren’t going to affect the tech stocks, the bloom is off the rose. The lowered sales forecasts and lackluster quarters are trickling in, and the trend for wireless companies… Read More »
Anyone questioning the need for more fiber or wireless backhaul, or even 4G wireless broadband, need only look at a recent survey from IDC that finds that a constant connection is becoming the expected norm for almost a fifth of the world’s population. Sure, the… Read More »
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