Nortel CEO Quits

Nortel Networks, the bankrupt telecom equipment maker that is in the process of dismembering itself and selling off its pieces, says President…

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Cisco's Grand Video Plan

Cisco, having determined that its growth in the enterprise has pretty much stalled, has decided that video — from teleconferencing to cable — is the answer to its growth problem. To that end, it’s positioning video traffic as the new data — ready to take over the web. And Cisco is betting that cable operators and carriers panicked by the rise of video content are going to start building their own optimized video networks that the company calls a medianet.…

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Viacom to Lay Off 850

In an effort to cut costs, Viacom (S VIA) announced today that it will be restructuring its organization, resulting in layoffs of 7 percent, or 850 positions that will be implemented across all divisions of the company, as well as suspending pay increases for senior management in 2009.…

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Intel Commits to Wireless Broadband in Any Flavor

Today Intel Corp. said it would add HSPA functionality to its Moorsetown chips slated to hit mobile Internet devices in 2009 or 2010. Coming from a firm that has spent billions pushing WiMAX the news reads like an admission of doubt for WiMAX, but it's really just a recognition that wireless broadband is so central to the user experience.…

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