Buying into the new economy: CEO uses acquisitions to turn Nortel into a huge player in technology for the Web
Article Abstract:
In an interview, Nortel Networks Corp. CEO John Roth discusses his strategic plans for the company, including the sale of Nortel's optical components division to Corning Inc. Roth is a CEO with foresight, managing to take an 'Old Economy' Canadian company and turning it into a force in the 'New Economy.' The company is known for fast changes and large transactions which have kept it competitive as the market has changed.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Nortel's losses widen; 5,000 more jobs to be cut
Article Abstract:
Nortel Networks announced pessimism over future earnings as they reported a $2.58 billion loss for the first quarter, at 82 cents a share. The operating loss was $385 billion and revenue dropped to $6.18 billion. Nortel is meeting an economic slowdown and lagging orders with a proposed layoff of 20,000 by mid-summer. The company saw 38% growth outside of Canada and the U.S. and is expecting an upsurge in wireless networking.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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