Nortel rivals cool outlook for wireless gear
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How long can the wireless networking boom last? Not much longer, according to major competitors of Nortel Networks. Ericsson, the giant of the wireless industry, put a damper on stock markets yesterday when
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Motorola Inc  and Nortel  Networks Corp  are in talks to combine their wireless  infrastructure units, The Wall Street Journal reported, quoting  people familiar with the situation.
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TechWeb - The two companies have invested millions in new 802.11n gear which is becoming attractive in the enterprise as a wireless alternative.
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Nortel Networks Corp. NT.TO NT.N one  of the world's largest telecom equipment makers, reported  long-delayed results for the first half of 2004 on Tuesday.
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TORONTO -- Nortel Networks shares fell yesterday after the troubled telecom equipment maker said its growth this year will likely trail the overall industry -- rather than outperforming its peers as the company had been predicting.
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Retreating from an upbeat forecast it  made just last month, Nortel Networks Corp. NT.TO on Thursday  warned that third-quarter sales will fall below its second  quarter and 2004 revenue growth at North America's largest  telecom equipment maker will lag the sector.
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TORONTO (CP) - Nortel Networks shares fell Thursday after the troubled telecom equipment maker warned that its full-year growth in 2004 will likely trail the industry, rather than outperform its peers as the company has been predicting.
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Nortel Networks Corp., North America&#39;s largest maker of telephone equipment, said revenue in the third quarter will decline from the second quarter&#39;s $2.
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The hits just keep on coming at Nortel (NYSE: NT), the ever-increasingly less-massive Canadian telecommunications and data networking equipment company.
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In the year that John Roese has been chief technology officer at Nortel Networks, spending on R&D has jumped from $10 million a year to 10 times that amount. The focus: WiMax.
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Sprint (Quote, Chart) has awarded wireless equipment contracts totaling $3 billion to Lucent (Quote, Chart), Motorola (Quote, Chart) and Nortel (Quote, Chart) to better compete in a sector reshaped by acquisitions and spectrum swaps.
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With Wall Street singing the praises of a possible Sprint (FON:NYSE - news - research)-Nextel (NXTL:Nasdaq - news - research) merger, some wireless fans say they can hear overtures for other players.
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Motorola Inc  and Nortel  Networks Corp  are in talks to combine their wireless  infrastructure units, the Wall Street Journal reported, quoting  people familiar with the situation.
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OTTAWA, Aug 19  - Nortel Network Corp.&#39;s (NT.TO: Quote, Profile, Research) new growth recipe may strike a sour note with Wall Street because it does not center on profit margins, but a focus on cash and costs will better serve the ...
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Nortel Networks Corp. expects its revenue in the third quarter to fall below the previous quarter's estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment industry, the company said in a statement Thursday.
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While companies are promoting fourth-generation wireless as the next wave in Internet access, its future is far from certain.
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Retreating from an upbeat forecast it  made just last month, Nortel Networks Corp. NT.TO warned on  Thursday that third-quarter sales will fall below  second-quarter levels and that its 2004 revenue growth rate  will lag that of the telecoms-equipment sector as a whole.