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Nortel
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Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world's most critical information. Serving both service provider and enterprise customers, Nortel delivers innovative technology solutions encompassing end-to-end broadband, Voice over IP, multimedia services and applications, and wireless broadband designed to help people solve the world's greatest challenges. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.
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The Norstar "Nortel" Modular Integrated Communications System (ICS) is a telephone system designed for growing small-to-medium businesses and is expandable up to 272 ports. Advanced integrated applications include voice messaging, unified messaging, digital networking, enhanced call centers and speech recognition. The Norstar Modular ICS phone system can grow with your business through the addition of trunk and station modules as you need them.
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W[I]th Z-Com Telecommunications in your back pocket, and a Nortel phone on your desk, your business will definetly have a formula of success. Companies that save money and time, and work to improve their status and appearance have the resources and reputation necessary to stay in the market for years to come. Contact Z-Com right away to get your business headed in the right direction.
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ReliaTel fits seamlessly into any existing Nortel voice environment, enabling users to proactively manage their Nortel infrastructure through any existing buffer boxes they may already have in place, (such as the SEB). Using ReliaTel with existing buffer boxes allows users to maximize their investment in existing equipment, while enjoying the performance and savings benefits of ReliaTel proactive voice management.
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At its height, Nortel accounted for more than a third of the total valuation of all the companies listed on the Toronto Stock Exchange (TSX), Canada's largest. Nortel's market capitalization fell from C$398 billion in September 2000 to less than $5 billion in August 2002. Nortel's stock price plunged from C$124 to $0.47. When Nortel's stock crashed, it took with it a wide swath of Canadian investors and pension funds, and left 60,000 Nortel employees unemployed. CEO John Roth retired under controversy to be succeeded by former CFO Frank Dunn. Despite some initial perceived success in turning the company around, he was fired for cause in 2004 after being accused of financial mismanagement.
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When Nortel finally filed its 2003 financials in January 2005, the revisions lowered the company's initially-stated profit of $732 million US to $434 million US. Its 2004 financials, reported in May 2005, showed that the company actually lost money that year – $51 million US. Revenues fell 3.6 per cent from 2003. CEO Bill Owens said he wasn't happy with the results, but said that Nortel, at last, was "now stable."
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