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Nortel puts delays in the past with 2005 results

TORONTO—Nortel Networks Corp. released its fourth-quarter and full-year 2005 results following several delays due to the company’s financial restatements. In the fourth quarter, Nortel posted a loss of $2.3 billion due to its proposed settlement of shareholder class action litigation. "The restatements have been...

Trade group aims to drive interoperability through certification, plugfests

Hewlett-Packard Co., Intel Corp., Motorola Inc., Nortel Networks Ltd. and Siemens AG are just a few of the heavy-hitters aiming to certify interoperability requirements through a new trade group, the Communications Platforms Trade Association. While similar groups have been lauded by industry watchers, many...

Interoperability trade group formed

PORTLAND, Ore.—Hewlett-Packard Co., Intel Corp., Motorola Inc., Nortel Networks Ltd. and Siemens A.G. are just a few of the heavy-hitters aiming to certify interoperability requirements through a new trade group, the Communications Platforms Trade Association, which launches today. The CP-TA described itself as "an...

VoIP on verge of disrupting telecom

Hysteria about Voice over Internet Protocol is apparently not without cause, as VoIP is claiming a big (and-getting-bigger) piece of the communications market. Earthlink Inc. and Linksys, a Cisco Systems Inc. subsidiary, late last week teamed up to offer retail shoppers at 30 Fry's...

Competitive Zafirovski drives to take Nortel back up ladder

LAS VEGAS-When asked during an interview with RCR Wireless News what drew him to take the top job at Nortel Networks, CEO Mike Zafirovski said, "I love business, and this is the closest thing to sports for me. I am very fortunate to have...

Zafirovski competes to rebuild Nortel

LAS VEGAS—When asked during an interview with RCR Wireless News what drew him to take the top job at Nortel Networks, CEO Mike Zafirovski said, "I love business, and this is the closest thing to sports for me. I am very fortunate to have...

Alcatel/Lucent deal could be first of many for vendors

As Alcatel Corp.'s board of directors met last Thursday to review its "merger of equals" with long-time rival telecom equipment vendor Lucent Technologies Inc., analysts were pounding out reports and talking up a storm, delving into the merger's many angles. The Yankee Group said...

CDMA Rev. A news met with war of words, yawns

Sprint Nextel Corp. may have gotten a jump-at least in the rhetorical game of crafting perceptions-over its arch-rival and fellow CDMA carrier Verizon Wireless with its announced plans to implement CDMA2000 1x EV-DO Revision A and its intent to be first to market with...

Nortel, Qualcomm hit 7.2 Mbps in HSDPA tests

PARIS—Nortel Networks Ltd. and Qualcomm Inc. say they’ve completed HSDPA test calls that reached data speeds of 7.2 Mbps. The calls used Qualcomm’s Mobile Station Modem 6280 terminals and Nortel’s HSDPA network equipment. Nortel said the calls covered frequencies in all commercially available UMTS...

Sprint Nextel to launch EV-DO Rev. A in Q1 2007

OVERLAND PARK, Kan.—Even as Sprint Nextel Corp. continues to build out its CDMA2000 1x EV-DO network, the carrier has announced a plan to make its network even faster using EV-DO Revision A. According to Sprint Nextel, the company will concurrently put in Rev. A...

Nortel officers ordered to refrain from selling stock

TORONTO—Current and former directors, officers and employees of Nortel Networks Ltd. are forbidden by the Ontario Securities Commission to trade shares of the company’s stock, Nortel said in a statement. Nortel said the temporary cease trade order came as a result of its delay...

Alcatel-Lucent talks may spur competitors to partner

Merger talks between Alcatel Inc. and Lucent Technologies Inc. could put the entire infrastructure industry in play as consolidation among telecom carriers trickles down to their suppliers. Indeed, Merrill Lynch analysts said L.M. Ericsson, Siemens AG and Motorola Inc. are likely to acquire smaller...

Nortel’s insurers to dole out $228.5 million for settlements

TORONTO-Nortel Networks Ltd. said its insurers have agreed to put $228.5 million toward Nortel's settlements of a pair of class-action lawsuits that stemmed from an accounting scandal. In February, Nortel agreed to pay more than $2.4 billion in cash and stock to settle the...

Weekly wireless ratings wrap-up

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Click here for wireless ratings from past weeks from RCR Wireless News.CarrierMerrill Lynch lowered its price target on Telephone & Data Systems from $50 to...

Nortel’s insurers to dole out $228.5 million for settlements

TORONTO—Nortel Networks Ltd. said its insurers have agreed to put $228.5 million toward Nortel’s settlements for a pair of class-action lawsuits that stemmed from an accounting scandal. In February, Nortel agreed to pay more than $2.4 billion in cash and stock to settle the...

Nortel $2 billion loss in 4Q stings

Nortel Networks Ltd. plans to restate its financial results-again-as well as push back filing its 2005 annual report to the end of April. The bookkeeping-challenged Canadian equipment vendor also reported preliminary fourth-quarter results, posting a stunning $2.2 billion net loss from $2.9 billion in...

BlackBerry maker unveils WLAN plan for on-campus use

WATERLOO, Ontario-Research In Motion Ltd. unveiled its push into the wireless local area network space with the launch of its BlackBerry WLAN Solution. The service includes a WLAN Solution platform and a Wi-Fi enabled handset, the BlackBerry 7270. The company's WLAN offering is aimed...

Intel speeds up WiMAX plans

SAN FRANCISCO-Intel Corp. says its WiMAX cards for laptops will be available sometime in the second half of this year, not in 2007 as was previously announced. The announcement was made by Sean Maloney, vice president of Intel's mobility group during the company's Development...

Nortel loses $2.2 billion, will restate financials

TORONTO—Nortel Networks Ltd. plans to restate its financial results—again—and also will push back the filing of its 2005 annual report to the end of April. The bookkeeping-challenged Canadian equipment vendor also reported preliminary fourth-quarter results, posting a stunning $2.2 billion net loss from $2.9...

Intel speeds up WiMAX plans

SAN FRANCISCO—Intel Corp. says its WiMAX cards for laptops will be available sometime in the second half of this year, not in 2007 as was previously announced. The announcement was made by Sean Maloney, vice president of Intel’s mobility group during the company’s Development...

BlackBerry maker unveils WLAN plans

WATERLOO, Ontario—Research In Motion Ltd. unveiled its push into the wireless local area network space with the launch of its BlackBerry WLAN Solution. The service includes a WLAN Solution platform and a Wi-Fi enabled handset, the BlackBerry 7270. The company’s WLAN offering is aimed...

AT&T merges with BellSouth; Cingular to go back to AT&T brand

ATLANTA—AT&T Inc. announced Sunday that it will merge with Baby Bell BellSouth Corp. in a $67.1 billion, all-stock transaction that, if approved by regulators, would give Cingular Wireless L.L.C. a single parent company. The transaction also would replace the Cingular brand with the very...

Zafirovski: It’s time to focus

As the world waits for Nortel Networks Ltd. to post its fourth-quarter financials, chief executive Mike Zafirovski outlined his plans to overhaul the telecom company, addressing Nortel's technology focus, organizational structure and supply chain strategy. Speaking at a conference sponsored by RBC Capital Markets...

Infrastructure spend on rise, Ericsson remains No. 1 vendor

REDWOOD CITY, Calif.-Two new reports on the wireless infrastructure market offered an upbeat review and outlook. Dell'Oro Group released a new study that found the mobility infrastructure equipment market grew 7 percent last year to reach $40.1 billion, the highest level recorded in a...