Archive for December, 2005
A quiver in Nortel’s technology portfolio is HSDPA – otherwise known as 3.5G – which is used to make wireless networks even faster. Nortel is particularly stoked about HSDPA because its wireless business, which accounts for a majority of sales, badly needs a jump-start to catch up with rivals such as Ericsson and Nokia. Earlier this week, Nortel said it has completed a demo with Belgium-based Option NV of high-speed data card calls that achieved transmission rates of 3.6Mbps. The question facing HSDPA is whether it will or Wi-Max will be accepted as the next-generation technology for high-speed wireless networks.
Is Mike Zafirovski cleaning house at Nortel? It certainly looks like it after the company said chief marketing officer Clent Richardson will be leaving March 1 due to “personal reasons”. Richardson plans to move his family from Toronto to the west coast. I guess it saw another Arctic-like winter coming his way and figured it was time to flee to a warmer climate! Some other Nortel senior executives who have already “moved on” Sue Spradley, president of global service and chief research officer Brian McFadden.
Hey, we’re all still obsessed with Nortel even though its lustre has evaporated – as well as three CEOs in the past four years. At dinner parties, during taxi drives and dentist appointments Nortel continues to be lively discussed. Why? Beats me, but I figure most Canadians own Nortel in one way, shape or form in mutual funds or other investments. Some of us even own shares we bought at the peak of $124.50 (yikes!) when CEO John Roth was telling us the sky was the limit. Then again, Roth sold out when the going was good with a cool $135-million so perhaps he knew something the rest of us didn’t! Anyway, this blog aims to provide some insight, intelligence and humour into the mix.