NETWORK WORLD NEWSLETTER: OPTICAL NETWORKING 09/20/04 Dear [EMAIL PROTECTED],
In this issue: * Nortel revenue growth slower than that of the industry * Links related to Optical Networking * Featured reader resource _______________________________________________________________ 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=81347 _______________________________________________________________ DOWNLOAD THE LATEST SPECIAL REPORTS FROM NETWORK WORLD Focused reports on compelling industry topics, Network World Special Reports are available online at Network World Fusion. Network World Special Reports on Mobility, IP Telephony Security, the State of Wireless LANs and more are currently available. Download any or all of our Special Reports at: http://www.fattail.com/redir/redirect.asp?CID=81388 _______________________________________________________________ Today's focus: Nortel sees slower-than-market growth in Q3 By Stephen Lawson Nortel expects its revenue in the third quarter to fall below the previous quarter's estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment industry, the company said in a statement last week. For 2004, the Brampton, Ontario network gear maker now expects to report percentage revenue growth from 2003 in the mid-single digits. It expects the industry as a whole to have faster revenue growth, according to a statement announcing Nortel's biweekly regulatory disclosure to the Ontario Securities Commission. In a disclosure last month, it had projected that its revenue would outpace the market. Last month, Nortel released estimated unaudited revenue of $5.1 billion for the first half of this year, with approximately $2.5 billion for the first quarter and $2.6 billion for the second quarter. The company, a major supplier of wireless and wireline network infrastructure, is under investigation by the Ontario Securities Commission and the U.S. Securities and Exchange Commission regarding the restatement of its financial results for periods going back as far as 2001. It is required to submit biweekly updates to the Ontario regulator. Nortel now expects to report results for 2003 and the first two quarters of 2004 by the end of October, according to spokeswoman Tina Warren. By the end of this month, the company plans to provide details of a workforce reduction of about 3,500, or about 10%, that it announced last month, Warren said. Nortel expects the cuts to cost about $300 million to $400 million and deliver annual savings of about $500 million, she said. Nortel is having trouble winning new customers in some segments because of perspective clients who shy away from the company's perceived problems, according to analyst Frank Dzubeck of Communications Network Architects, in Washington, D.C. Nortel's products are good and the company isn't on the verge of being acquired, so potential customers shouldn't be affected, in Dzubeck's view. A longer perspective is needed, he said. "If you see that this happens on a quarter-after-quarter basis, then the trend is indicative... of that fact that there are problems," Dzubeck said. But it's hard to draw conclusions yet. "It's all speculative until they restate," he said. The IDG News Service is a Network World affiliate. _______________________________________________________________ To contact: Stephen Lawson Stephen Lawson is a reporter for the IDG News Service. He can be reached at [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=81347 _______________________________________________________________ ARCHIVE LINKS Breaking optical-networking news from Network World, The Edge and around the 'Net, updated daily: http://www.nwfusion.com/topics/optical.html Archive of the Optical Networking newsletter: http://www.nwfusion.com/newsletters/optical/index.html _______________________________________________________________ FEATURED READER RESOURCE ACCESS NW'S IN-DEPTH REPORT ON: BLADE SERVERS Available now is Network World's Technology Insider on: Blade Servers. Find out why early adopters of blade server technology say the benefits aren't science fiction, how blade servers differ by vendor, why blade servers are perfectly suited for today's data centers, review our extensive blade server buyer's guide and more. 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