Nortel Reorganizes, Key Executive Leaves

Communications Today, Oct 4, 2002

Nortel Networks [NT] Thursday announced a restructuring of its operations, expanding three business units into four with the metro and enterprise unit essentially being split into separate entities. Many in the investment community view the move by Nortel as a means to grow its enterprise business. The company did not say why Frank Plastina, a 15-year company veteran, is leaving his job as president of the metro and enterprise networks unit. Nortel has come under increasing pressure from the investment community about its cash levels and what some analysts call an overly optimistic breakeven target date of June 2003.

For more information about this and other events in the fiber industry, check out the upcoming edition of Fiber Optics News, due out Monday, Oct. 7. For more information about the publication, go to http://www.telecomweb.com/cgi/catalog/info?FON.