Stories by Jim Duffy

  • Nortel cuts another 5,000 jobs

    Nortel Networks said it would cut another 5,000 jobs this year as the industry slump continues to take its toll on the company.

  • Nortel loses CTO before results release

    Nortel Networks Wednesday announced that CTO Bill Hawe resigned last week. Hawe resigned, exercised and sold 602,000 Nortel stock options three days before Nortel announced that first quarter results would be far lower than expected.

  • Cisco finally ratchets up to 10 gigabits

    A year after its closest competitor, Cisco Systems at the ComNet trade show announced 10G bps capabilities for Internet core routing, with two new switches and line cards.

  • Nortel buys access-gear maker Sonoma

    Nortel Networks has announced a definitive agreement to acquire Sonoma Systems, a maker of customer-premises access products employed by major carriers in their managed services.

  • Nortel bags Alteon for $US7.8 billion

    Nortel Networks last Friday announced a definitive agreement to acquire Alteon WebSystems for $US7.8 billion in stock. Alteon is the leading supplier of Web content switches, according to the California-based Dell'Oro Group.

  • Cisco Buys NuSpeed

    Cisco Systems have announced a definitive agreement to acquire privately held NuSpeed Internet Systems, a developer of technology that connects storage-area networks to IP networks, for $450 million in stock.

  • Nortel unveils ‘unpure' system

    Nortel Networks last week unveiled a voice and data convergence system for small-to-midsize businesses that lets customers use existing telephones while migrating to IP telephony.

  • Cisco, Brocade join forces for SANs

    Cisco Systems and SAN switch maker Brocade Communication Systems last week announced a technology exchange agreement that will result in products designed to link disparate SAN islands.