More Bloodletting at Nortel Print E-mail
User Rating: / 0
PoorBest 
Written by Mike Buetow   
Tuesday, 11 November 2008 09:23
MONTREAL -- Nortel Networks today said it would cut about 1,300 jobs between now and 2009 after reporting a $3.41 billion loss in the September quarter, including a noncash charge of $3.21 billion for goodwill and deferred tax assets.

Among those losing their jobs are chief technology officer John Roese, global services president Dietmar Wendt and executive vice president global sales Bill Nelson.

The company is instituting a series of wage and spending freezes as well in an effort to preserve cash.

blog comments powered by Disqus
 

Columns

'The Foibles and Strengths of People'

Folks,

A reader commented that he liked the Patty and The Professor stories for their technical content, but he felt there was “too much story.” So, I feel an explanation for why I think the “story” part is important.

Read more...
 
Nitrogen Use in Selective Soldering

It’s expensive, but necessary. How to choose the best option.

Read more...
 

Features

SMT Component Reliability for RF Applications

Several devices perform well under vibration and temperature cycling testing.

Read more...
 
The Trials of 2009

A trying year was dramatized by two unfolding stories: the economy and Elcoteq.
Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

FCT Assembly Introduces NL932 No-Clean Paste
NL932 no-clean, Pb-free, halide-free solder paste is said to feature good solderability, improves stencil life, and provide superior cosmetics, especially when using SN100C. Offers print consistency...

Current Issue

March 2010 cover

Parts


Find and quote components




Powered by


Terms Of Use