Dunn is done

Nortel fired President and CEO Frank Dunn while it continues to investigate accounting practices and restate results going back to 2000. Nortel has been involved in an ongoing independent review of the circumstances leading to the reissuing of its financial statements for 2000, 2001 and 2002 and for the first and second quarters of 2003. The SEC and Canadian regulators recently launched formal investigations into the company as well. As a result, Dunn was “terminated for cause,” Nortel said. He was replaced by Nortel Director William Owens. Nortel also replaced its CFO and controller and said it would delay the release of its financial results for the first quarter of the year. http://www.nwfusion.com/edge/news/2004/0428nortedelay.html

Nortel fired President and CEO Frank Dunn while it continues to investigate accounting practices and restate results going back to 2000. Nortel has been involved in an ongoing independent review of the circumstances leading to the reissuing of its financial statements for 2000, 2001 and 2002 and for the first and second quarters of 2003. The SEC and Canadian regulators recently launched formal investigations into the company as well. As a result, Dunn was “terminated for cause,” Nortel said. He was replaced by Nortel Director William Owens. Nortel also replaced its CFO and controller and said it would delay the release of its financial results for the first quarter of the year.

https://www.nwfusion.com/edge/news/2004/0428nortedelay.html

Cisco and Ericsson have signed a non-exclusive, multi-year agreement to modernize the public switched telephone network (PSTN). The companies will jointly sell Ericsson’s softswitches, Ethernet DSLAMs, service creation products and systems integration prowess with Cisco’s routers, including the 12000 and broadband remote access server-optimized 10000 series devices. Cisco says the arrangement is as strategic and could be as financially rewarding as the partnerships it has with IBM, Intel, Microsoft, HP and EDS. Ericsson has a wireless and wireline partnership with Cisco rival Juniper. This Cisco agreement does not replace a five-year-old arrangement for Ericsson to resell Juniper’s M40 routers, according to Juniper.

https://www.nwfusion.com/edge/news/2004/0428ciscoerics.html

The FCC has rejected a petition from AT&T that would have allowed the company to avoid paying its telecommunications competitors access charges on telephone calls partly carried on IP networks.

The FCC said traditional telephone calls that start and end on the PSTN but carried part of the time on AT&T’s Internet backbone are classified as telecommunications service. Those calls are subject to the access charges that are exchanged when a telephone call made through one carrier ends on another carrier’s network. AT&T had asked the FCC for clarification on whether these phone calls should be classified as information services, like most other Internet-based traffic, and free from most FCC regulation.

https://www.nwfusion.com/edge/news/2004/0422fccrejec.html