Search results
Results from the WOW.Com Content Network
Nortel's share price falls more than 79% on the Toronto Stock Exchange. Nortel is the first major technology company to seek bankruptcy protection in this global downturn. [48] Nortel had an interest payment of $107 million due the next day, approximately 4.6% of its cash reserves of approximately $2.3 billion. [49]
Nortel Networks Corporation ... The bankruptcy case was the largest in Canadian history and left pensioners, ... as Nortel's stock price plunged from C$124 to C$0.47.
Website. ribboncommunications.com. Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas. [2]
The news that bankrupt Nortel Networks is selling its wireless infrastructure business to Nokia Siemens Network (NOK) bodes well for Chelmsford, Mass.-based Airvana (AIRV). Airvana, which has been ...
Bay Networks, Inc., was a network hardware vendor formed through the merger of Santa Clara, California, based SynOptics Communications and Billerica, Massachusetts based Wellfleet Communications on July 6, 1994. [2] SynOptics was an important early innovator of Ethernet products, having developed a pre-standard twisted pair 10 Mbit/s Ethernet ...
John Andrew Roth is a Canadian retired business executive.He was the chief executive officer and chairman of Nortel Networks between 1997 and 2001. [1] While he was called "the most successful businessman in modern Canadian history" by Time magazine and named Canada's CEO of the Year by a Bay Street panel in the fall of 2000, [2] by the ignominious end of his career it became clear that his ...
In 1998, with Nortel's acquisition of Bay Networks, the company's name was changed to Nortel Networks. As a consequence of the stock transaction used to purchase Bay Networks, BCE's holding was diluted to a minority stake. In 2000, BCE spun out Nortel, distributing its stock in Nortel to its shareholders. Nortel's share price collapsed with the ...
Lucent became a "darling" stock of the investment community in the late 1990s, and its split-adjusted spinoff price of $7.56/share rose to a high of $84. Its market capitalization reached a high of $258 billion, and it was at the time the most widely held company with 5.3 million shareholders. [13] In 1995, Carly Fiorina led corporate ...