Nortel seen flying with new Net gear

Article Abstract:

Nortel Networks Corp's announcement of its new optical network equipment, which would be marketed in 2000, propelled a C$2.20 increase in the Brampton, Ontario-based company's stock on the Toronto Stock Exchange, closing at C$72.85 on Sep 28, 1999. The stock price increase was also attributed to the announcement that UK-based Cable and Wireless Communications PLC and Austin, TX-based IXC Communications Inc intend to utilize Nortel's new gear on their networks.

Product development, Network management systems

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Nortel to quit Belleville operations

Article Abstract:

Nortel Networks Corp, a network equipment manufacturer based in Brampton, Ontario, is discontinuing its production operations at its Belleville, Ontario, factory. The move, which will result in the elimation of 350 production workers at the Belleville factory, is part of Nortel Networks' worldwide restructuring that will see the elimination or transfer of 4,000 employees over the next three years.

Labor force information, Printed Circuit Assembly (Electronic Assembly) Manufacturing, Plant shutdown, Printed Circuit Boards

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