Alle Storys
Folgen
Keine Story von Nortel Networks mehr verpassen.

Nortel Networks

Nortel to Capitalize on Growth in Video Bandwidth

Toronto, Canada (ots/PRNewswire)

- Metro Ethernet Networks Builds on Nortel's Optical and Carrier
Data  Leadership
Nortel(x) (NYSE: NT , TSX: NT) President and CEO Mike Zafirovski
today  announced a new business focus on driving market share in
super-fast  Ethernet networks essential to handling the coming growth
of bandwidth- hungry video applications.
Nortel's strategic initiative - Metro Ethernet Networks - will be
led  by Philippe Morin as president. This initiative will offer
innovative  Ethernet portfolios designed to deliver high quality,
reliability and security.
"Nortel's future depends on our continued leadership in innovation
and  with our new Metro Ethernet Networks we're bringing our best
technologies  together, backed by an initial incremental investment
in R&D," said  Zafirovski. "In his previous position as general
manager, Optical, Philippe  grew the business approximately 24
percent last year to US$1.2 billion. I  have every confidence he will
build on that leadership and momentum through  Metro Ethernet
Networks."
"With IPTV, IMS and other applications evolving quickly, service
providers will face huge bandwidth challenges across all networks -
wireless, wireline and cable. Metro Ethernet Networks is the first
step in  getting Nortel in front of that curve to win in this
critical new space in  the market," said Zafirovski.
Nortel's Metro Ethernet Networks business strategy is based on the
increasing reliance on Ethernet as the standard protocol for both LAN
and  WAN communications to break the bandwidth bottleneck between
high-speed  fibre- optic networks and metro networks serving
consumers and business. In  addition, Nortel's Metro Ethernet
Networks will focus on wireless  capabilities, using its Metro
Ethernet solution to ensure such applications  as high-bandwidth
video provide real-time speed and quality to mobile devices.
About Nortel
Nortel is a recognized leader in delivering communications
capabilities  that enhance the human experience, ignite and power
global commerce, and  secure and protect the world's most critical
information. Our next- generation technologies, for both service
providers and enterprises, span  access and core networks, support
multimedia and business-critical  applications, and help eliminate
today's barriers to efficiency, speed and  performance by simplifying
networks and connecting people with information.  Nortel does
business in more than 150 countries. For more information,  visit
Nortel on the Web at www.nortel.com. For the latest Nortel news,
visit www.nortel.com/news.
Certain statements in this press release may contain words such as
" could", "expects", "may", "anticipates", "believes", "intends",
"estimates ", "plans", "envisions", "seeks" and other similar
language and are  considered forward-looking statements or
information under applicable  securities legislation. These
statements are based on Nortel's current  expectations, estimates,
forecasts and projections about the operating  environment, economies
and markets in which Nortel operates. These  statements are subject
to important assumptions, risks and uncertainties,  which are
difficult to predict and the actual outcome may be materially
different. Although Nortel believes expectations reflected in such
forward- looking statements are reasonable based upon certain
assumptions, they may  prove to be inaccurate and consequently
Nortel's actual results or events  could differ materially from its
expectations set out in this press release . Further, actual results
or events could differ materially from those  contemplated in
forward-looking statements as a result of the following (i)  risks
and uncertainties relating to Nortel's restatements and related
matters including: Nortel's most recent restatement and two previous
restatements of its financial statements and related events; the
negative  impact on Nortel and NNL of their most recent restatement
and delay in  filing their financial statements and related periodic
reports (including  the anticipated delay in filing the Quarterly
Reports on Form 10-Q for the  first quarter of 2006) causing them to
breach their public debt indentures  and, if the delay extends beyond
June 15, 2006, their obligations under  their credit facilities, with
the possibility that the holders of their  public debt or NNL's
lenders would seek to accelerate the maturity of that  debt, and
causing, if the delay extends beyond June 15, 2006, a breach of
NNL's support facility with EDC with the possibility that EDC would
refuse  to issue additional support under the facility, terminate its
commitments under the facility or require NNL to cash collateralize
all existing support; legal judgments, fines, penalties or
settlements, or any  substantial regulatory fines or other penalties
or sanctions, related to  the ongoing regulatory and criminal
investigations of Nortel in the U.S.  and Canada; any significant
pending civil litigation actions not  encompassed by Nortel's
proposed class action settlement; any substantial  cash payment
and/or significant dilution of Nortel's existing equity  positions
resulting from the finalization and approval of its proposed  class
action settlement, or if such proposed class action settlement is not
finalized, any larger settlements or awards of damages in respect of
such  class actions; any unsuccessful remediation of Nortel's
material weaknesses  in internal control over financial reporting
resulting in an inability to  report Nortel's results of operations
and financial condition accurately  and in a timely manner; the time
required to implement Nortel's remedial  measures; Nortel's inability
to access, in its current form, its shelf  registration filed with
the United States Securities and Exchange  Commission (SEC), and
Nortel's below investment grade credit rating and any  further
adverse effect on its credit rating due to Nortel's restatement of
its financial statements; any adverse affect on Nortel's business and
market price of its publicly traded securities arising from
continuing  negative publicity related to Nortel's restatements;
Nortel's potential  inability to attract or retain the personnel
necessary to achieve its  business objectives; any breach by Nortel
of the continued listing  requirements of the NYSE or TSX causing the
NYSE and/or the TSX to commence  suspension or delisting procedures;
any default in Nortel's filing  obligations extending beyond July 15,
2006 for the 2006 First Quarter Form  10-Qs, causing any Canadian
securities regulatory authority to impose an  order to cease all
trading in Nortel's securities within the applicable  jurisdiction or
to impose such an order sooner if Nortel fails to comply  with the
alternate information guidelines of such regulatory authorities; (
ii) risks and uncertainties relating to Nortel's business including:
yearly  and quarterly fluctuations of Nortel's operating results;
reduced demand  and pricing pressures for its products due to global
economic conditions,  significant competition, competitive pricing
practice, cautious capital  spending by customers, increased industry
consolidation, rapidly changing  technologies, evolving industry
standards, frequent new product  introductions and short product life
cycles, and other trends and industry  characteristics affecting the
telecommunications industry; any material and  adverse affects on
Nortel's performance if its expectations regarding  market demand for
particular products prove to be wrong or because of  certain barriers
in its efforts to expand internationally; any reduction in  Nortel's
operating results and any related volatility in the market price  of
its publicly traded securities arising from any decline in its gross
margin, or fluctuations in foreign currency exchange rates; any
negative  developments associated with Nortel's supply contract and
contract  manufacturing agreements including as a result of using a
sole supplier for  key optical networking solutions components, and
any defects or errors in  Nortel's current or planned products; any
negative impact to Nortel of its  failure to achieve its business
transformation objectives; additional  valuation allowances for all
or a portion of its deferred tax assets;  Nortel's failure to protect
its intellectual property rights, or any  adverse judgments or
settlements arising out of disputes regarding  intellectual property;
changes in regulation of the Internet and/or other  aspects of the
industry; Nortel's failure to successfully operate or  integrate its
strategic acquisitions, or failure to consummate or succeed  with its
strategic alliances; any negative effect of Nortel's failure to
evolve adequately its financial and managerial control and reporting
systems and processes, manage and grow its business, or create an
effective  risk management strategy; and (iii) risks and
uncertainties relating to  Nortel's liquidity, financing arrangements
and capital including: the  impact of Nortel's most recent
restatement and two previous restatements of  its financial
statements; any acceleration under their public debt  indentures and
credit facilities, which may result in Nortel and NNL being  unable
to meet their respective payment obligations; any inability of
Nortel to manage cash flow fluctuations to fund working capital
requirements or achieve its business objectives in a timely manner or
obtain additional sources of funding; high levels of debt,
limitations on  Nortel capitalizing on business opportunities because
of credit facility covenants, or on obtaining additional secured debt
pursuant to the provisions of indentures governing certain of
Nortel's  public debt issues and the provisions of its credit
facilities; any  increase of restricted cash requirements for Nortel
if it is unable to  secure alternative support for obligations
arising from certain normal  course business activities, or any
inability of Nortel's subsidiaries to  provide it with sufficient
funding; any negative effect to Nortel of the  need to make larger
defined benefit plans contributions in the future or  exposure to
customer credit risks or inability of customers to fulfill  payment
obligations under customer financing arrangements; any negative
impact on Nortel's ability to make future acquisitions, raise
capital,  issue debt and retain employees arising from stock price
volatility and  further declines in the market price of Nortel's
publicly traded securities , or any future share consolidation
resulting in a lower total market  capitalization or adverse effect
on the liquidity of Nortel's common shares . For additional
information with respect to certain of these and other  factors, see
the Company's Annual Report on Form 10-K/A and NNL's Annual  Report
on Form 10-K and other securities filings with the SEC. Unless
otherwise required by applicable securities laws, Nortel disclaims
any  intention or obligation to update or revise any forward-looking
statements,  whether as a result of new information, future events or
otherwise.
(x) Nortel, the Nortel logo and the Globemark are trademarks of
Nortel Networks.

Contact:

For further information: Patricia Vernon, +1-(905)-863-1035,
patricve@nortel.com; Jay Barta, +1-(972)-685-2381, jbarta@nortel.com

Weitere Storys: Nortel Networks
Weitere Storys: Nortel Networks
  • 16.05.2006 – 14:19

    Nortel Provides Status and Outlook Update

    Toronto (ots/PRNewswire) - Nortel Networks(x) Corporation (NYSE: NT; TSX: NT) and its principal operating subsidiary, Nortel Networks Limited ("NNL"), today provided a status update pursuant to the alternate information guidelines of the Ontario Securities Commission ("OSC"). These guidelines contemplate that the Company and NNL will normally provide bi-weekly updates on their affairs until such time as they are ...

  • 16.05.2006 – 00:41

    Nortel Declares Preferred Share Dividends

    Toronto, Canada (ots/PRNewswire) - The board of directors of Nortel Networks Limited today declared a dividend in respect of each of the months of May and June on each of the outstanding Cumulative Redeemable Class A Preferred Shares Series 5 (TSX: NTL.PR.F) and the outstanding Non-cumulative Redeemable Class A Preferred Shares Series 7 (TSX: NTL.PR.G). The dividend amount for each series is calculated in accordance ...

  • 12.05.2006 – 22:48

    /C O R R E C T I O N -- Nortel/

    Toronto, Canada (ots/PRNewswire) - In the news release, "Advisory - Nortel Business Update Teleconference" issued on 11 May 2006 17:49 GMT, by Nortel NYSE:NT over PR Newswire, we are advised by a representative of the company that an error occurred in the "Where" section of the release. The phone numbers provided should have read "North America 1-888-211-4395" and "International +1-212-271-4505" and not "North America 1-800-681-7958" and ...