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Nortel completes sale of ethernet business; chief restructuring officer steps down
TORONTO - Nortel Networks Corp. says chief restructuring officer Pavi Binning will step down now that the sale of its optical networking and ethernet businesses to Ciena Corp. (Nasdaq:CIEN) has been completed.
The company said Friday that Ciena has elected to pay an all-cash purchase price...
Friday , March 19, 2010
Federal Communications Commission seeking comment on rules for cable-broadcaster negotiations
WASHINGTON - Federal regulators are seeking public comment on a petition by cable, satellite and phone companies for new government rules that would give them more clout in negotiations with TV broadcasters over programming.
Friday’s move by the Federal Communications Commission follows a ...
Friday , March 19, 2010
HP settles patent violation cases with some importers of ink cartridges
PALO ALTO, Calif. - Hewlett Packard Co. said Thursday that it has reached a settlement with three companies that have been accused of infringing on the printer company’s patents for ink cartridges.
HP filed a complaint with the U.S. International Trade Commission in September, seeking to b...
Thursday , March 18, 2010
Sand Technology Q2 loss shrinks as revenue grow; will focus on North America
MONTREAL - Software company Sand Technology Inc. posted a smaller loss of $27,951 in the second quarter as revenue grew by 10 per cent.
The Montreal firm, which trades on the over the counter electronic market in the U.S., said Thursday the loss amounted to less than a penny a share versus...
Thursday , March 18, 2010
New wireless player Public Mobile to carve out place with no-frills service
MONTREAL - New wireless player Public Mobile is looking to win customers who don’t already have cellphones with a no-contract, no-frills service that lets it avoid competing directly with established carriers.
"We’re targeting the working class, ethnic Canadians who make up the vast majori...
Thursday , March 18, 2010
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