New Nortel to Emerge

According to Information Week, Nortel CEO Mike Zafirovski will spill some of the beans this week about the New Nortel. This will include a new, streamlined global services business that will focus on 70 "discrete" services rather than 700. Mike Z. believes that with a better on services, which now account for 20% of Nortel's sales, that part of the business can double in size. The press release that came out this morning can be here. Nortel is also apparently looking to improve its standing in the enterprise data networking market, where it lags behind Cisco and Juniper. A part of this initiative was the launch last week of new routers for branch offices – based on technology from Tasman Networks, which was acquired last December for $99.5-million. A high-end enterprise router is expected to be introduced later this year.

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