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Technology Stocks : Nortel Networks (NT)
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To: Kenneth E. Phillipps who wrote (9996)2/20/2001 2:59:52 PM
From: Jim Lamb  Read Replies (2) of 14638
 
Nortel's Chief Technology Officer Resigns

OTTAWA (Reuters) - Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news) the world's No. 1 supplier of fiber-optic network equipment, said on Tuesday that its chief technology officer had resigned and been replaced by a senior executive with the company.

Nortel, which is facing a string of class action suits after it shocked markets with an earnings warning last week, said that Bill Hawe resigned on February 12 ``to seek other opportunities.''

The company told Reuters it internally announced the appointment of Jules Meunier to the job on Monday. Meunier has 22 years experience with Nortel and was most recently president of the company's core network division, Nortel said.
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