NETWORK WORLD NEWSLETTER: JIM DUFFY WITH VIEW FROM THE EDGE
08/26/04
Today's focus:  Enterprising efforts

Dear [EMAIL PROTECTED],

In this issue:

* Nortel banks on sales to corporate customers for rebound
* Links related to View from The Edge
* Featured reader resource
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Today's focus:  Enterprising efforts

By Jim Duffy

If there were any doubts about Nortel's commitment to the 
enterprise, they should be vanquished now.

Amidst the layoffs, executive firings and operational 
consolidations announced by Nortel last week was a strategic 
emphasis on its enterprise business as the company looks to 
regain financial footing after an accounting scandal. Enterprise 
is one of two Nortel business units - Carrier being the other - 
left standing after the company unveiled its reorganization 
plan.

Enterprise products accounted for more than 20% of the company's 
revenue each of the past two quarters, outpacing two of what had 
been four company units before the reorganization. Nortel also 
is gunning for the defense and government markets, which 
represent tens of billions of dollars annually in the U.S. 
alone, says Nortel CEO Bill Owens.

Owens also says enterprise operations were spared the brunt of 
the 3,500 layoffs announced last week, which represents 10% of 
Nortel's workforce.

The renewed emphasis on the corporate world comes none too late 
to some. Barring a renewed commitment, investment firm UBS 
Warburg suggested recently that Nortel consider paring down or 
even selling off its enterprise and optical units to reach 
profitability targets. Analyst Nikos Theodosopoulos says 
enterprise and optical were a "drag" on Nortel's profitability

Also, Nortel is a distant No. 2 to Cisco in enterprise LAN 
switching with a 5.3% share of the $3.3 billion market in the 
second quarter, according to Synergy Research. Cisco's share is 
69%, according to Synergy.

Nortel's LAN switching revenue dropped 10% between the first and 
second quarters, Synergy says. And growth in the company's 
enterprise business has been weaker than Nortel's peers for two 
years, according to UBS Warburg.

Owens says Nortel did consider "all opportunities and 
alternatives" for its enterprise business, including spinning it 
off or selling it. But the emerging synergies between enterprise 
and carrier, and the role the unit plays as the "seedcorn" for 
Nortel's defense and government activity, convinced the company 
to retain it.

"I don't think it has been in the natural DNA of Nortel to be 
strongly in the enterprise business," Owens admits. "It hasn't 
had the focus and the direction that is natural for Nortel to 
have with its biggest customers, the major telcos of the world. 
But as major telcos have become more interested in enterprise 
and bundled IP solutions, so have we."

In establishing the Enterprise and Carrier business units, 
Nortel consolidated four units into two. The previous ones were 
Wireline, Wireless, Optical and Enterprise.

Owens said the streamlining reflects the realities of the market 
- "We're all heading toward a converged solution." The 
reorganization also will result in a more customer-attentive 
structure dedicated to integrating security into the converged 
product set, Owens says.

Nortel estimates the reorganization will cost $300 million to 
$400 million but will save the company $450 million to $500 
million annually, including reductions in research and 
development spending and investments in long-haul optical 
systems.

RELATED EDITORIAL LINKS

Nortel chief discusses why enterprise stays
Network World Fusion, 08/20/04
http://www.nwfusion.com/edge/news/2004/0820ntqa.html

Nortel to lay off 10% of staff
IDG News Service, 08/19/04
http://www.nwfusion.com/news/2004/0819nortel10.html

Fiscal crunch raises questions at Nortel
Network World, 08/02/04
http://www.nwfusion.com/news/2004/080204nortel.html
_______________________________________________________________
To contact: Jim Duffy

Jim Duffy is managing editor of Network World's service provider 
equipment coverage <http://www.nwfusion.com/edge/>. He has 18 
years of high-tech reporting experience, including over 12 years 
at Network World. Previously, he was senior editor at Computer 
Systems News and associate editor/reporter at Electronic News 
and MIS Week. He can be reached at <mailto:[EMAIL PROTECTED]>.
_______________________________________________________________
This newsletter is sponsored by Alterpoint 

Read the latest analyst report on Network Change and 
Configuration Management (NCCM) written by EMA's Dennis 
Drogseth.  This report discusses the latest developments in the 
NCCM market, including an in-depth look at DeviceAuthority 
Suite, a comprehensive solution for configuring, changing, and 
controlling today's complex, multi-vendor IT network 
infrastructures.   Download the report today to learn how you 
can leverage NCCM to reduce the cost and complexity of managing 
network change. 
http://www.fattail.com/redir/redirect.asp?CID=73303
_______________________________________________________________
ARCHIVE LINKS

Archive of the View from the Edge columns:
http://www.nwfusion.com/edge/columnists/index.html
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FEATURED READER RESOURCE
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<http://www.nwfusion.com/salary/2004/calculator.html>
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