Century-old Nortel Networks, once a networking behemoth with a whopping market cap of over $300 billion, has filed for Chapter 11 bankruptcy protection. Nortel never recovered from dot-com bust. The ...

Telecommunications equipment maker Nortel Networks Corp. filed for bankruptcy protection in Canada and the U.S. on Wednesday, becoming the first major technology company to take that step in this ...

As Nortel files for bankruptcy Wednesday, analysts point to sinking sales, missed earnings and poor management as drivers for the Canadian telecom's long descent to insolvency. But a less-discussed ...

TORONTO -- Nortel Networks is moving quickly to show it isn't becoming Canada's Enron. Frank Dunn, chief executive of North America's second-biggest telecom services provider, said the abrupt ...

Google's bid for Nortel's collection of technology patents was ill-fated early on, says a fellow bidder in the $4.5 billion auction, which concluded last week. The record amount of money raised may ...

Reeling from the sudden drop in demand for its voice-only telecom-network equipment, Nortel Networks Corp. (NYSE: NT) filed for bankruptcy protection Wednesday. The Toronto-based company, which ...

, with its third adjustment in two months, has found even more bookkeeping errors, taking its restatement total for the past three years to nearly $1.5 billion. The Canadian telecom gearmaker also ...

Hackers were able to gain almost complete access to Nortel’s internal systems over a period of nearly 10 years. Hackers were able to gain almost complete access to Nortel’s internal systems over a ...

Nortel Networks is promising 2008 will see more enhancements to its channel program as the Toronto-based vendor adds new training specializations, focuses more on value over volume and enhances its ...

Hackers took over the Nortel-based PABX system of software vendor Legrand Software this week, ringing up to AU$1,800 of calls to Algeria in one night. Legrand's Sydney headquarters learned of the ...