Nortel Networks has agreed to sell its two advanced wireless technology business units to Nokia Siemens for $650 million. The companies hope to close the sale by Q3 of this year. It is an ignominious end for the telco, which at one time was one of the dominant players in the global marketplace. In J...
Right now, about 2 percent of the contact center infrastructure market uses Software as a Service, said inContact CEO Paul Jarman, citing research by Gartner. That statistic seems reasonable, given that the contact center infrastructure space has traditionally been dominated by on-premise players --...
Nortel Networks on Thursday announced that it has discontinued its mobile WiMax joint agreement with Alvarion. Nortel characterized the move as an effort to refocus its business, better manage its investments and strengthen its broader carrier business to better position itself for competitiveness.
Verizon, the No. 2 mobile phone carrier in the U.S., announced Thursday that it and joint owner Vodafone plan to develop and deploy technology based upon Long Term Evolution as its fourth generation mobile broadband network. The shift away from its current standard, CDMA, would essentially open the ...
Microsoft and South Korea's LG Electronics have announced a patent cross-licensing deal, similar to one Microsoft recently signed with Novell, that allows LG to use Microsoft technology in its products while giving Microsoft access to LG's intellectual property. The deal means LG can use Linux in it...
IBM has cut more than 1,500 additional jobs from its information technology services unit, the company said Wednesday. The move is the latest in a series of changes to revamp the company to better compete in a changing technology landscape. Big Blue laid off 1,573 more people from its services busin...
Avaya is reportedly negotiating with private equity companies and at least two competitors about selling portions or all of its multifaceted telecom portfolio. Private equity firms are dazzled by Avaya's $6 billion cash flow and low debt levels. Silver Lake, a private equity firm that specializes in...
The SEC on Monday filed civil fraud charges against four former executives of troubled telecom gearmaker Nortel Networks, which has spent the past several years embroiled in an accounting mess. The executives had engaged in "accounting fraud to bridge gaps between Nortel's true performance, its inte...
Open source database developer MySQL has launched an attack on the enterprise database business. The company on Tuesday revealed a new enterprise subscription pricing strategy that lets organizations deploy an unlimited number of MySQL databases in their environment and still get enterprise-class le...
Nortel Networks will pay US$2.45 billion to settle shareholder lawsuits stemming from accounting fraud at the telecom gear maker between 2000 and 2005; U.S. judges gave the settlement their final blessing on Tuesday. Though Canadian courts have yet to clear the settlement of suits brought there, the...
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