Nortel CEO Bill Owens sees 'exciting future'
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Nortel CEO Bill Owens says the future is "pretty exciting' for his company, despite past financial reporting problems and a looming vendor consolidation that could create aggressive competitors.
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Biggest announcement is Managed IP PBX service that uses Nortel platform to provide advanced applications.
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Aug. 23, 2004  Problem-plagued Nortel Networks Corp. announced plans Thursday, Aug. 19, to eliminate an additional 3,500 jobs and fire seven more senior executives as the company labors to reinvent
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Nortel Networks Corp. on Wednesday said it will not be required to change its accounting treatment of optical products sales, and it received verbal confirmation that two stock exchanges do not plan to begin any suspension or delisting procedures.
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Telecommunications equipment maker Nortel Networks will not lay off as many employees as it previously predicted, the company said Thursday.
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Nortel Networks Corp., North America&#39;s biggest maker of phone equipment, named Clent Richardson as its chief marketing officer, filling a position that was vacant for two years.
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Nortel Networks Corp. named its first chief marketing officer on Monday in keeping with the new initiatives announced last month by CEO William Owens.
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Nortel Networks has been working for months to correct several years of faulty financial results that have sparked lawsuits, criminal investigations and regulatory probes.
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Cisco Systems Inc. CSCO.O, the  world's largest maker of gear for directing Internet traffic,  plans to offer twice as many new products this year as ever in  its history, its chief executive said on Wednesday.
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Nortel Networks Corp. NT.TO said on  Thursday its cost-cutting plan will save $500 million in 2005,  and even more in future years, as it eliminates fewer jobs than  forecast, but plans to exit real estate.
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Cisco Systems Inc. Chief Executive Officer John Chambers said sales growth will slow this quarter and it&#39;s ``too early to say&#39;&#39; whether customers are becoming more optimistic about the economy.
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Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said sales growth this year will lag that of competitors and predicted third- quarter revenue will fall from the second period&#39;s $2.
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By Ari Levy  Cisco Systems shares rose Wednesday after its chief executive, John Chambers, forecast that fiscal third-quarter sales at the company, the world's biggest maker of computer-networking equipment, would beat analysts' estimates.
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Nortel Networks Corp., North America&#39;s biggest maker of phone equipment, said it will pare 3,250 jobs, 250 fewer than it had predicted last month.
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In-Q-Tel's new CEO looks to nanotechnology to bolster safety and security.
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Cisco CEO John Chambers says that service providers will continue Internet build-out over the next decade.
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REDMOND, Wash.  - Reginald Fils-Aime, Nintendo of America's new president and chief operating officer, spoke to USA TODAY's Byron Acohido about why he believes Nintendo, the top maker of handheld video game players, can retake top dog status in the billion dollar industry it helped create 20 years ago.