Nortel cuts more jobs
Nortel Networks said last week it is cutting more jobs, exiting more markets, closing more offices and lowering future revenue targets as it prepares to record a third-quarter loss of $US3.6 billion. For the quarter that ended September 30, Nortel expects to report revenues of $3.5 billion and a net loss of $3.6 billion, which includes charges and other expenses. Excluding the charges, the loss will be $910 million, Nortel stated. Nortel will cut another 15,000 to 20,000 positions and divest itself of more "non-core" businesses to lower costs in light of further reductions in service provider spending. Nortel's total workforce will be reduced to 45,000.
NEC exports a million ADSL lines
NEC Australia has heralded exports of more than one million lines of locally designed ADSL (asymmetric digital subscriber line) broadband connections since beginning sales in mid 1999. NEC says the majority of its exports have been to the Asia-Pacific region, with revenues expected to grow to $60 million in the next 12 months. NEC's locally developed broadband platform, the AM30 DSL Access Multiplexer, supports ADSL and VDSL line technologies as well as the newly introduced SHDSL.
Cisco adds edge and MAN switch
Cisco Systems has introduced two new routers, one for metropolitan area networks and another for the edge of the network, designed to let carriers offer services to consumers and businesses. Cisco has released the 10720 Internet router, designed to let service providers offer Ethernet services in metropolitan areas to multi-tenant buildings such as LAN access, IP VPNs (virtual private networks), premium transit services to prioritise data transit and VoIP (voice over IP). Cisco has also released the 12404 Internet router, a 10Gbps switch for the edge of the network, designed to let carriers provide services directly to consumers and businesses. Both routers are shipping now, with pricing subject to configuration.