Brocade taps industry veteran Carney as CEO
Brocade has named former Xsigo Systems CEO Lloyd Carney as its new top executive effective immediately.
Brocade has named former Xsigo Systems CEO Lloyd Carney as its new top executive effective immediately.
Three former executives of bankrupt Nortel Networks were acquitted this week of falsifying financial reports in an accounting scandal that precipitated the company's eventual bankruptcy and demise.
Apple is contributing more than half the total US$4.5 billion price tag for Nortel patents, with partners including Microsoft and Sony combined kicking in the rest.
U.S. and Canadian courts have approved the sale of thousands of patents from bankrupt Nortel Networks to a consortium including Apple and Microsoft for about US$4.5 billion.
Nortel Networks has auctioned off its remaining patents and patent applications to a consortium of key technology companies for a cash purchase price of US$4.5 billion.
The U.S. Department of Justice is examining bidders, including Apple and Google, interested in Nortel's patent portfolio, according to a <a href="http://online.wsj.com/article/SB10001424052702303657404576363781889157222.html">report in the Wall Street Journal </a> that cites unnamed people familiar with the situation.
Nortel Networks has obtained court approval to accept a US$900 million bid from Google for the entirety of its remaining patent portfolio, it said Monday.
Google is bidding $US900 million in cash for thousands of patents that Nortel will auction off as part of its bankruptcy proceedings, the companies said Monday.
Huawei Technologies has named former Nortel Networks Chief Technology Officer John Roese to lead its North American research and development efforts.
Ciena plunged deeper into the red following its acquisition of Nortel Networks' metro Ethernet business, with sales of its legacy products stagnating, it reported Wednesday.
Extreme Networks has named Oscar Rodriguez, a 20-year industry veteran, as its new president and CEO. Rodriguez replaces CFO and acting President and CEO Bob Corey, who will continue as CFO.