Nortel to delay fibre-optic spinoff

Article Abstract:

Brampton, Ont.-based Nortel Networks Corp., which is led by chief executive officer John Roth, has announced that it will postpone the spinoff of its fiber optic component unit. Nortel, which is the leading telecommunications equipment maker in the world, said that market conditions are not favorable for an initial public offering.

Strategy & planning, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Planning, Telecommunications equipment industry, Telecommunications systems, Nortel Networks Corp., NT

---

JDS shares jump 17% on "signs of stabilization"

Article Abstract:

The shares of fiber optic giant, JDS Uniphase Corp., climbed more than 17 percent, to $10.50 on the Toronto Stock Exchange, after the company announced a better-than-expected sales projection of $325 million (U.S.) in the current quarter.

United States, Securities prices, Securities, JDSU, JDS Uniphase Corp.

---

Similar abstracts:

• Abstracts: Nortel mulls fibre-optics spinoff. Nortel adopts speed as its mantra. Merger mania sparked Nortel expansion
• Abstracts: Nortel mulls fibre-optics spinoff. Nortel plans to speed up shopping spree
• Abstracts: Wireless software firm's shares rise fourfold. Analysts slash tech darling's ratings. Tech community rolls with the punches
• Abstracts: Barrett, MPs clash over branch closings. Barrett's 1999 B of M pay totals $20-million
• Abstracts: Newbridge to shift some work to Asia. CrossKeys wishes to loosen ties to Newbridge. Newbridge founder takes over at Telexis

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.