Latest Headlines

Latest Headlines

Study: 'Arrogant' Nortel proved it wasn't too big to fail

A detailed study by a University of Ottawa, Canada interdisciplinary team has determined that a "culture of arrogance" within Nortel Networks led to the company's unceremonious collapse in 2009.

Nortel knocks $3B from bankruptcy deal

In a move that it called a "significant milestone" in its five-year bankruptcy, Nortel Networks said it has reached a deal to cut more than $3 billion owed to former Nortel entities in Europe, including bondholders, retirees and suppliers.

3 former Nortel execs acquitted of fraud charges

An Ontario Superior Court on Monday dismissed charges of fraud against three former senior executives at telecom equipment supplier Nortel.

PAETEC acquires XETA Technologies to expand its managed service offerings

PAETEC (Nasdaq: PAET) is anxious to get a bigger piece of the managed services pie and to do that it is acquiring XETA Technologies, an enterprise solutions provider. Under the terms of the

Ciena's Canada subsidiary gets $25 million grant from Ontario, Canada

Ciena Canada's (Nasdaq: CIEN) expanding presence in the Ottawa region should serve as a boost to a region that's been financially hit hard by the downfall of Nortel. To show their appreciation for

Ericsson gets bankruptcy court's blessing to buy Nortel's MSS unit

Ericsson (Nasdaq: ERIC) took another step forward in its $65 million move to purchase Nortel's multi-service switch unit as a bankruptcy court late last week gave his approval of the deal. Judge

Tellabs maintains status at AT&T

Tellabs (NasdaqGS: TLAB) says that its relationship as a key supplier to AT&T (NYSE: T) is alive and well despite a report this week that the vendor could be replaced by Cisco (NasdaqGS: CSCO).

Ciena narrows Q2 losses, but misses revenue targets

Ciena (NASDAQ: CIEN) appears to be reaping the benefits of new service provider spending as the economic freeze starts to thaw out in Q2. And while Ciena's stock had been down due to challenging

Ex-Nortel executive Chenhong Huang to lead Tellabs' China efforts

Nortel may soon be nothing more than a telecom story gone wrong, but Dr. Chenhong Huang, the former President of Nortel China's sales, has found a new home as the vice president for Tellabs China. In

Nortel gets additional time to restructure

While it would appear that Nortel's restructuring saga is over, a Canadian federal court is giving the troubled company another extension to pay off its debts. The troubled company, which filed for