Nortel in a sentence

The Canadian government resisted characterizing its position on Nortel as a bailout. citation Illegal breach of trust in Nortel's Health and Welfare Trust There have been reports of financial irregularities at Nortel's Health and Welfare Trust.

Companies that produced network equipment like Nortel Networks were irrevocably damaged by such over-extension; Nortel declared bankruptcy in early 2009.

In 2000, BCE spun out Nortel, distributing its holdings of Nortel to its shareholders.

Mr Robinson was appalled that Canadians who already lost billions on Nortel on the stock market would be asked for even more money through their taxes to support Nortel.

Nortel Networks subsequently returned to using the Nortel name for branding purposes only (the official company name was not changed).

Nortel proceeded with thousands of additional layoffs without severance, citation citation and the pension fund remained underfunded, citation while Nortel paid $14.2 million in cash to seven executives.

The accounting scandal hurt both Nortel's reputation and finances, as Nortel spent an estimated US$400 million on outside auditors and management consultants to retrain staff.

Treatment of Nortel pensioners On June 23, 2010, the News and Observer published a story criticizing treatment pensioners have been receiving from their former employer, Nortel.

But he persisted, driving his roommates wild in the interim, and after the Nortel bubble burst, he officially made this his newfound trade.

But Huawei won the deal by underbidding Nortel an estimated 40 per cent.

Coston and her husband, fellow Nortel employee Phil Harris, moved to Washougal in November 2000.

Nortel’s own anti-malware specialist had been unable to find any evidence of foul play, but Mr. Shields refused to let the matter drop.

The revelations serve as a wake up call not only to the companies who purchased Nortel’s infected hardware, but to the global technology industry at large.

According to the plan, Christopher Ricaurte, president of Nortel Business Services, would receive $2.5 million in incentives.

Although Avaya says it has dealt with the issue, Shields says "it's despicable that Nortel didn't say anything," leaving it up to him to inform the new company of his investigation.

As a consequence of the stock transaction used to purchase Bay Networks, BCE ceased to be the majority shareholder of Nortel.

Both Garys were concerned about the overall direction of Nortel, especially when compared to Cisco, their previous employer.

Brian Shields, a former systems security advisor for Nortel, led an internal investigation on the breach and exposed rootkit software on at least two machines in 2009 that allowed hackers to control them remotely and monitor email.

By the 1980s, Bell Northern Research (later Nortel ) employed thousands, and large federally assisted research facilities such as the National Research Council contributed to an eventual technology boom.

Corp. citation April 2016, Nortel Networks Corp. went back to court for a fresh round of legal arguments in a seven-year-old bankruptcy which has cost creditors about $2 billion including attorney fees.