Posts tagged “Nortel”

February 3

Checking Android apps for malware; VeriSign's multiple hacks; IBM VCs on prowl; defending Nortel bonuses; Cisco targets UK startups

Bulldog In the Bulldog blog: Google's new "Bouncer" screens Andorid apps for malware; security firm VeriSign acknowledges multiple hacks; IBM looking for "Smarter Planet" linked venture deals; defense says Nortel bonuses were legitimate; Cisco launches awards program for new UK firms.

February 2

Motricity's new chair; ex-Nortel CEO's defense; Sssh - Red Hat joins OpenStack; Qualcomm soars; LivingSocial loses $538M; Kincect for PCs; Cisco exec bolts

Bulldog Inside the Bulldog blog: Motricity, which has an office in Morrisville, has a new chairman; Nortel fraud trial continues; Red Hat 'quietly' joins cloud code group; Qualcomm stock is at a 12-year high; Amazon says LivingSocial is losing big; Microsoft launches Kinect for Windows; Cisco video exec joins a rival.

January 20

Cree moves work; Motricity restructures; Nortel fraud case 'baseless;' AT&T gouging?; debating Internet law

Bulldog In the Bulldog: Cree shifts work from Triangle to Wisconsin; Motricity abandons Asia, Triangale impact unclear; Nortel charges 'baseless;' are AT&T data price hike justified?; Internet piracy law 'dangerous.

Updated January 17

Former Nortel execs plead not guilty in fraud case

What next for Nortel? Former chief executive Frank Dunn, chief financial officer Douglas Beatty and corporate controller Michael Gollogly were dismissed from the company in 2004.

Tags: Nortel
Updated January 16

Three former Nortel executives go on trial for alleged fraud

Former Chief Executive Officer Frank Dunn, former Chief Financial Officer Douglas Beatty and former Controller Michael Gollogly allegedly misstated financial results between 2000 and 2004, allowing them to pocket millions in bonuses. Their trial is to begin today at Ontario Superior Court in Toronto.

Nortel's former R&D HQ in Ottawa Nortel's former R&D HQ in Ottawa

Tags: Nortel
Updated November 29, 2011

Communications firm Avaya to expand in RTP, add 135 jobs

Avaya logo Avaya bought the business enterprise business from bankrupt Nortel, which included part of the telecommunications company's operations in the Triangle. As part of the expansion, the company will keep 193 existing jobs in Durham, as well as 111 elsewhere in North Carolina

November 21, 2011

AT&T tops iPhone study; TechCrunch exodus; Arrested Development returns; 400,000 Windows phone apps; Nortel HQ $630M makeover

Bulldog Bulldog blog headlines: AT&T is No.1 in a study of iPhone data and browsing performance; top talent is leaving TechCrunch; Netflix brining back "Arrested Development;" Windows Phone Marketplace surging; Canadian military to invest $630M in former Nortel HQ.

Updated November 14, 2011

Nortel now has $7.6B in cash, primarily from asset sales

Nortel The former telecommunications gear giant has liquidated virtually all of its assets through bankruptcy.

October 27, 2011

Nortel seeks $4.4M in bonuses for some remaining employees

Nortel The bankrupt telecommunications gear maker targets some 100 employees to receive the bonuses as it winds down operations, according to a news report.

Updated October 5, 2011

Extreme Networks makes RTP its engineering HQ

Extreme Networks Industry veteran Gavin Cato, named as the company's vice president of engineering, will be based in the Durham office, the first VP-level executive Extreme has had in the Triangle.

October 3, 2011

Mike Z is back: Ex Nortel CEO to advise Blackstone Group

Mike Zafirovski Mike Zafirovski, who couldn't turn around Nortel Networks, also takes on a board role at a home healthcare firm owned by the Chicago-based investment group.

August 12, 2011

Nortel reports $115M quarterly loss as shutdown continues

Nortel The former telecommunications equipment giant says 16,000 jobs have been preserved as other companies buy its assets.

Tags: Nortel, Apple