Nortel Networks Corp. has agreed to sell its metropolitan Ethernet and optical networking units to Ciena Corp. for $769 million, $248 million more than its initial offer announced Oct. 7.
Telefonaktiebolaget LM Ericsson has completed the final step in acquiring Nortel Networks Corp.'s carrier wireless assets for US$1.13 billion and has hired more workers than it originally promised to in Canada.
Former Nortel CEO Mike Zafirovski is seeking more that $12 million from the bankrupt company, according to a filing in the US Bankruptcy Court for the District of Delaware.
Where Google Chrome security fails: the password I heard mention that the Chrome OS will have some sort of encryption available a la bitlocker. If it's possible to encrypt personal data using another password or key, then it may have potential for very secure data.... And Ubuntu has an 'encrypt home directory' option, perhaps google should follow suit.
- Dann
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Nortel lost $5.8 billion in 2008
IT industry graveyard 2009
Former execs offer to buy Nortel: report
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Report: Nortel seeks to sell off more business units
Sale of key Nortel assets may be inevitable
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