Nortel’s Spin Room
01/30/2009 08:30
It’s really not funny, I know, but when I read the headline, “Nortel Refines Focus of Carrier Business” on the press release, I had to laugh. Hey, I’m taking entertainment where I can get (and afford) it these days. But the PR folks are obviously doing their jobs of putting a good face on things over at Nortel, so I have to give them that. Anyway, what this headline was getting to is the fact that Nortel (NT) is pulling out of the mobile WiMAX business and, therefore, curtailing its strategic agreement around WiMAX with Alvarion (ALVR). The long-suffering Nortel, which recently filed for Chapter 11, did this so it could focus its resources on existing customers, it said. Alvarion says it’s disappointed, but still in OK shape; we’ll hear more during their Feb. 4 financial call.
User Comments !
Sad to see it deteriorate to this point. Nortel used to be one of the BIG BOYS back in the original Dot Com days (1999 to 2001).
Posted by: Houston Heights Real Estate | December 27 2009 21:29:54
|
