Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Nortel Plans to Create New E-Commerce Unit Around Clarify

excerpt from Bloomberg:

Toronto, March 18 (Bloomberg) -- Nortel Networks Corp., North America's No. 2 phone-equipment maker, plans to create a new business unit around recently acquired Clarify Inc. that will help corporate customers do business over the Internet, the Globe and Mail reported, citing unnamed sources. The new unit will generate at least $1 billion of sales per year for Nortel, which completed its acquisition of San Jose, California-based Clarify for $3.8 billion in stock earlier this week, the paper said. Clarify's President and Chief Executive Tony Zingale will head the new division, to be announced by Nortel later this month.


Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.