Nortel has Cisco in its networking sights

 

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In a highly competitive market, Nortel tries to make a larger mark and take on leader Cisco Systems. Yet other networking players aren't standing still. "This is the direction the industry is going." - Kalai Chelvan, general manager of Nortel's "open IP environment" software.

Nortel looks to salvage market share The networking equipment company decides to drop prices and license its network software for a simple reason: It's got nothing to lose. Nortel takes aim at Cisco with router price cuts update The firm details a two-pronged strategy intended to hit rival communications equipment provider Cisco Systems where it hurts. Lucent optical router ups high-capacity ante The telecom equipment maker's technology uses microscopic mirrors that will allow carriers to boost the capacity of long distance networks up to 10 times current Internet speeds Cisco to buy Aironet in wireless network bid The networking giant will purchase the wireless product maker for approximately $799 million, in its continuing bid to deliver wireless networks to mobile businesses.