JetForm cuts, layoffs to be deeper than expected

Article Abstract:

JetForm Corp has revealed a restructuring program that involves more job cuts and bigger restructuring charges than analysts had anticipated. Writeoffs will total C$24 million, over 40% higher than analysts anticipated, while layoffs will number 56 employees instead of about 35 employees that the company previously announced. The Ottawa, Canada-based software company will eliminate more jobs and declare bigger writeoffs to cope with a slack in customer spending.

Software Publishers, Labor force information, Organizational history, Computer Software, JetForm Corp.

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Nortel, tech giants unite to develop Internet products

Article Abstract:

Northern Telecom Ltd of Brampton, Ontario, has formed a research alliance with three major high-technology companies to develop high-speed Internet- based network that can carry voice and data. The alliance will focus on the development of products that will eventually turn existing phone networks into an efficient digital network. The other members of the group are Microsoft Corp, Hewlett-Packard Corp and Intel Corp.

Product development, Telecommunications Equipment, Communications Equipment Manufacturing, Telecommunications systems, Northern Telecom Ltd.

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