Current NewsOctober 8, 2009 According to a press release issued by Nortel, an agreement has been reached with Cienna Corporation to sell the Optical Networking and Carrier Ethernet assets for $521 million, consisting of $390 million in cash and $131 million in Cienna stock. In addition to the above transaction, Nortel announced in earlier press releases that it has sold its Enterprise Division to Avaya for $915 million and the CDMA and LTE divisions to Ericsson for $1.13 billion for a total asset sale of $2.56 billion. September 24, 2009 Nortel announced today it has concluded a successful auction for $900 million in cash of substantially all of its global Enterprise Solutions business as well as the shares of Nortel Government Solutions Incorporated and DiamondWare, Ltd. with Avaya Inc. emerging as the winning bidder. The sale is subject to court approvals in the U.S., Canada, France and Israel as well as regulatory approvals, other customary closing conditions and certain post-closing purchase price adjustments. The sale close is expected late in the fourth quarter 2009. In some EMEA jurisdictions this transaction is subject to information and consultation with employee representatives. Click here to read full PDF June 24, 2009 Nortel in the News, Reorganization Update: The most frequently asked question SharpComm has received is "Is this the end of Nortel as we know it?" We do not know the answer to this question but it is important to understand the full scope and context of the announcement. For months, there have been many rumors circulating, each talking about different possible outcomes. Nortel's current announcement, when put in context with its previous announcements, clearly indicate that Nortel is entertaining selling some or all of its remaining divisions, but continues to evaluate all options--including keeping some or all its divisions. Click here to read full PDF SharpComm Joins ShoreTel as a Certified Champion Partner SharpComm would like to announce that it will begin selling and delivering ShoreTel Unified Communication solutions as a new Certified Champion Partner. ShoreTel, Inc. (NASDAQ: SHOR), a leading provider of Pure IP Unified Communications (UC) solutions, has designed the Champion Partner Program to strengthen the relationship between ShoreTel and its partners, advancing and growing both companies’ market share in the unified communications industry, while ensuring every customer continues to be delighted with their ShoreTel experience. “We’re pleased to welcome value-added partners into the Champion Partner Program – especially those that have a commitment to sales and technical training, infrastructure development and focus on customer service in delivering our innovative products and leading business solutions,” said Tom Hamilton, senior director of worldwide channel marketing at ShoreTel. “In this case, we are encouraged by SharpComm’s commitment to value-add solution sales and delivery of ShoreTel Unified Communications systems”. Since ShoreTel’s first product shipment in 1998, customer satisfaction has been the core of ShoreTel’s top business priorities, and is a requirement for the primary business values for all ShoreTel partners. Customers who purchase ShoreTel solutions rank their product above other manufacturers for technology, ease of use, management, customer service, solution experience, product features and performance. SharpComm is committed to satisfying future customers, helping to contribute to ShoreTel’s ranking as Best Overall VoIP telephony vendor among end users for the past five years in a row, according to industry analyst firm Nemertes Research. January 29, 2009 Looking Forward in 2009
The solution to strengthen Nortel. Click here to read full pdf January 14, 2009 On January 14, 2009 Nortel Networks announced that it would seek creditor protection SharpComm’s primary objective is to assure you, our customer that we will continue to Click here to read full pdf |