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  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • : Function ereg() is deprecated in /home/vishnu83/public_html/includes/file.inc on line 896.
  • : Function ereg() is deprecated in /home/vishnu83/public_html/includes/file.inc on line 896.
  • : Function ereg() is deprecated in /home/vishnu83/public_html/includes/file.inc on line 896.
  • : Function ereg() is deprecated in /home/vishnu83/public_html/includes/file.inc on line 896.
  • : Function ereg() is deprecated in /home/vishnu83/public_html/includes/file.inc on line 896.
  • : Function ereg() is deprecated in /home/vishnu83/public_html/includes/file.inc on line 896.
  • : Function ereg() is deprecated in /home/vishnu83/public_html/includes/file.inc on line 896.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_blocks_user_relationships_type() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_implications_user_relationships_type() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_defaults_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_elaborations_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.
  • warning: Parameter 2 to user_relationship_mailer_user_relationships() expected to be a reference, value given in /home/vishnu83/public_html/includes/module.inc on line 471.

Ciena Wins Nortel Auction Outbidding NSN

Nokia Siemens Networks(NSN) lost the bid to Ciena (CIEN in NASDAQ) in an auction for Nortel Network’s metro Ethernet and Optical business unit, revenue of which unit is declining throughout its bankruptcy. This is for the second time in a year NSN has been outbid for Nortel Assets. First defeat was against Ericsson earlier this year.

“Nokia Siemens Networks believes that its final offer represented fair value for the assets, and further bidding could not be financially justified”, in a statement NSN said last night.

Ciena immediately declared job for 2000 Nortel employees which is almost double of its own team.

Though originally the bid was about $521 million in cash and stock, finally CIENA declared to pay about $769 million for the assets — $530 million in cash and $239 million in 6% senior convertible notes due 2017

26% reduction in revenue was reported by Nortel from one year earlier in Q3. The unit declared $988 million revenue in first nine months of the year which is 21% down from last year. Also it accrued $377 gross profit this year which is 20% down than 2008. Tom Mock, Ciena’s senior vice president of strategic planning, commented in an interview this morning that recent decline of sales of Nortels optical equipments is due the uncertainty among customers about Nortel’s future.

Source: www.telephonyonline.com