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Technology Stocks : Nortel Networks (NT)

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To: Harold S. who wrote (13908)	6/9/2004 8:44:13 AM
From: esxtarus	of 14638

Nortel aims at US military contracts Nortel Networks Corp Symbol NT Shares Issued 4,268,236,086 Close 2004-06-08 C$ 5.36 Recent Sedar Documents Globe says Nortel aims executive guns at U.S. military 2004-06-09 05:55 ET - In the News The Globe and Mail reports in its Wednesday edition that Nortel Networks chief executive officer Bill Owens plans to put his military background to use in helping the telecommunications equipment maker win some United States defence contracts. The Globe's Paul Waldie and Dave Ebner write that Mr. Owens is a retired U.S. Navy admiral. He says the U.S. military and government are "a very good market for us." Nortel recently hired another retired U.S. Navy admiral, Chuck Saffell, as president of its Federal Solutions Team. Mr. Saffell is based in Washington and he "will lead efforts to provide robust, secure networking technology solutions to U.S. defence, homeland security, intelligence, and civil agencies globally," the company said. "Nortel Networks now has the benefit of two senior leaders with extensive knowledge of the current and envisioned networks of federal agencies." There have also been reports that Nortel won part of a contract to help rebuild a portion of the phone system in Iraq along with Bechtel Group. Those contracts have been tightly controlled by the U.S. government through the Coalition Provisional Authority. Nortel would not confirm the Iraq contract. Top Print this Page Old Site \| Home \| Products \| Help \| Contact Us \| Your Account \| System Status © 2004 Canjex Publishing Ltd. All rights reserved. Terms of Use, Privacy Policy

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