Cisco buys mobile IP specialist Starent
Cisco Systems has announced its second multibillion dollar deal this month: a definitive agreement to acquire Starent Networks, a provider of IP-based mobile infrastructure for carriers, for US$2.9 billion.
Stories by Jim Duffy
Ex-Nortel CEO seeks millions from bankrupt firm
Former Nortel CEO Mike Zafirovski is seeking more that US$12 million from the bankrupt company, according to a filing in the US Bankruptcy Court for the District of Delaware.
Zafirovski, who failed to turn around the once venerable telecomms giant after an accounting scandal, a series of financial restatements and the economic recession, wants no less than $12,250,543.48 from Nortel. Nortel filed for bankruptcy in January, began liquidating assets in June, and saw Zafirovski resign in August.
The breakdown of the payout Zafirovski believes he in entitled to is:
• $2.4 million in base salary for 24 months
• $3.6 million in bonuses
• $200,543.48 pro rata bonus for the third quarter of 2009
• $50,000 in insurance benefits
• And $6 million in a lump sum annuity.
Zafirovski claims his 2005 employment contract with Nortel entitles him to the millions. As Nortel sheds its businesses and assets, shareholders are not receiving any payback from their investments.
Nortel declined to comment.
Ciena to buy Nortel unit for US$521 million
Ciena has agreed to acquire Nortel's Metro Ethernet Networks business for approximately US$521 million in cash and stock.
For sale: Cisco datacentre rival Brocade
Brocade has reportedly put itself up for sale, a development that portends significant consolidation within the datacentre IT industry.
Nortel users need to keep tabs on Avaya integration plans
The biggest issue facing Nortel enterprise customers on the heels of Avaya's US$900 million purchase of that business is product overlap, consolidation and subsequent support, analysts say.
Avaya wins Nortel enterprise business for US$900 million
Avaya has emerged as the winning bidder for Nortel’s enterprise business, reportedly beating out Siemens Enterprise Communications over the weekend.
Extreme acquires Soapstone
Extreme Networks is buying the software assets of Soapstone Networks, the carrier control plane company formed from Avici Systems' exit from the core router market.
HP, 3Com gear-up for switch battle with Cisco
Cisco's dominance in enterprise switching is legend. But HP and 3Com have put together compelling product portfolios and value stories, which add up to the first real competition the switch king has faced in years, and buyers are beginning to pay attention.
Nortel CEO Zafirovski steps down
Nortel CEO Mike Zafirovski stepped down Monday, having failed to revitalize the bankrupt telecommunications giant after a mid-decade accounting scandal and the current economic downturn.
Nortel gets green light to sell enterprise business
Nortel has received U.S. and Canadian court approval to sell its enterprise business to Avaya or at auction on Sept. 11.
HP claims Cisco 'alternative' mantle
Emboldened by its extended partnership with Microsoft, HP ProCurve is positioning itself as the clear alternative to Cisco with renewed vigor.
40 and 100 Gigabit Ethernet set to take off
IT managers who are getting started with — or even pushing the limits of — 10 Gigabit Ethernet in their LANs and datacentres won't have to wait long for higher-speed connectivity.
A beta tester's view of Cisco's new UCS
IT infrastructure-as-a-service provider Savvis is one of the 10 organisations that beta tested Cisco's Unified Computing System datacentre platform. CTO Bryan Doerr took some time to share his thoughts on the UCS platform and next-generation datacentre architectures.
New Extreme tools
Extreme Networks has released two products designed to simplify network management.
Cisco is not ruling out layoffs
Cisco is not ruling out layoffs as it grapples with the worldwide economic downturn.