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Ericsson wins auction for Nortel's wireless assets
TORONTO (Reuters) - Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp in a deal valued at $1.13 billion, Nortel said on Saturday.
Nations:Canada Sweden Source:(Reuters)
2009-07-25
Nortel, a fallen Canadian icon, starts asset sales
TORONTO (Reuters) - Nortel Networks Corp, a former Canadian icon with roots going back to World War One, starts selling key assets on Friday in an auction that has already polarized opinion and sometimes reads like a soap opera.
Nations:Canada Sweden Source:(Reuters)
2009-07-24
Ericsson reports profit drop, to cut 5,000 jobs
STOCKHOLM, Sweden - Wireless equipment maker LM Ericsson on Wednesday reported profits dropped 31 percent in the fourth quarter, citing restructuring charges and weaker handset sales, and said it would slash 5,000 jobs.
Nations:Sweden Canada Activities:2008 U.S. Layoff Crisis Source:(AP)
2009-01-21
Nortel files for bankruptcy
TORONTO - Technology giant Nortel Networks Corp. filed for bankruptcy protection in Canada and the U.S. on Wednesday, the first major technology company to file for protection during the global downturn.
Nations:Canada Activities:Global Financial Crisis Source:(AP)
2009-01-14
Nortel shares sink after lackluster earnings
Shares of Nortel Networks sank as much as 17 percent on Friday after the company reported a wider second-quarter loss and warned that it faces challenges ahead.
2008-08-02
| Headlines |
- Ericsson wins auction for Nortel's wireless assets 2009-07-25
- Nortel, a fallen Canadian icon, starts asset sales 2009-07-24
- Ericsson reports profit drop, to cut 5,000 jobs 2009-01-21
- Nortel files for bankruptcy 2009-01-14
- Nortel shares sink after lackluster earnings 2008-08-02
- New CEO named at 3Com in wake of failed buyout 2008-04-29
- Spectrum auction may boost gear makers' future 2008-03-21
- Stocks close higher after uneasy session 2008-02-11
- Motorola, Nortel reportedly in talks to combine units 2008-02-11
- Vonage and Nortel settle patent dispute 2007-12-31
- SEC charges 4 more former Nortel execs 2007-09-13
- Earnings, jobs data boost Dow 100 2007-08-02
- Judges OK $2.45 bln settlement in Nortel case 2006-12-26
- Video-hungry users could push Net to brink: Nortel 2006-10-22
- Dow closes up 78, Nasdaq finishes up 18 2006-07-03
- Nokia Siemens deal means more deals are due: industry 2006-06-19
- New Nokia head promises both continuity and change 2006-05-30
- Nortel completes $1.5 bln revenue restatement 2006-04-29
- Nortel sees restatement bigger than first forecast 2006-04-06
- Dow Ends Up 104, Nasdaq Closes Up 12 2006-03-10
- U.S. Web Companies Defend China Policies 2006-02-14
- Nortel Nears $2.5 Billion Settlement 2006-02-08
- China rivals pose bigger threat to Nortel, analyst 2005-04-14
- Nortel advances Chinese venture with Putian 2005-01-20
- Nortel to cut 3,500 jobs to boost profit 2004-08-19
- Nortel's 'blowout quarter' trumps profit forecasts 2004-01-29
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