T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Keith Minler who wrote (4226)	2/24/2000 2:18:00 PM
From: Rob Davis	of 5053

Just ran across some old Elastic News from last April in the Ottawa Citizen: ottawacitizen.com Yet, despite ADSL's promise, Nortel is hedging its bets. Three years ago, it created a subsidiary called Elastic Networks, which has developed a competitive technology called EtherLoop. EtherLoop emerged in part from a 1994 decision by Mr. Roth to change the way Nortel manages its R&D. Prior to 1994, Nortel's board of directors approved all major R&D projects, which proved time consuming. "I got rid of that approach. Instead, we told people how much money they could have, but didn't tell them what to spend it on," said Mr. Roth. "As a result, we unleashed a lot of people to innovate. Elastic Networks is one result." Elastic Networks is based in separate facilities near Atlanta, and may be spun off later as a publicly-traded entity -- as was Entrust Technologies Inc., a Nortel unit that did an initial public offering last year.

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