Newsletters

Select newsletters below and click the button to sign up!

Boston News NY News
DC News Internet Daily
SiliconValley News
InternetNews Business Report




Become a Marketplace Partner



Partner With Us















Internetnews Bloggers

Recent Entries

Archives

July 2009
Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  

Monthly Archives

Search The Blog

Netstat -vat by Sean Michael Kerner (bio)

A command line view of IT



Nortel's Olympic loss is Cisco's London gain

nortelsmall.png
From the 'bankruptcy has its challenges' files:

Nortel Network has been in bankruptcy protection for all of 2009 and is now trying to sell itself off piece by piece. Should it be any surprise that some big names are now dropping Nortel?

The London Olympics 2012 organizing committee announced late last week that they were dumping Nortel as the lead networking vendor for the event. Replacing Nortel will be Cisco -- though Cisco is not coming in as a sponsor in the same capacity that Nortel would have.

Nortel had been a Tier One sponsor while Cisco is coming in as a Tier Two sponsor. The difference in sponsorship levels could be a loss of $20 million for the London Olympics, according to multiple reports.

Nortel however is still set to be the networking vendor for the 2010 Vancouver Winter Games at this point.

From my own point of view, it's still uncertain whether or not a company named 'Nortel' in any capacity will still actually exist once the 2010 Olympics roll around - so I don't think the book is closed on that event's networking vendor yet either.

| Comments (1) | TrackBacks (0) | Share

0 TrackBacks

Listed below are links to blogs that reference this entry: Nortel's Olympic loss is Cisco's London gain.

TrackBack URL for this entry: https://swarm.jupitermedia.com/mt-tb.cgi/8456

1 Comments

Peter Morgan said:

Nortel completed all of its sponsorship equipment provisions for the 2010 Games in May, according to Games organizers. Both Nortel and VANOC say they remain committed to fulfilling the balance of the sponsorship, because it has an economic benefit to both parties. Of course, they would say that until the moment they say something different, the world of business being what it is.

The remaining aspects of the Nortel sponsorship have to do with provision of personnel and their funding to deal with the expertise aspects of working with the equipment, integrating it with other technology sponsors, and maintenance. That, apparently, continues for the nonce.

Even if Nortel is split apart at some future point, and no longer exists under that name by the time the Games start in February, the chunks that go their separate ways are likely to be sold off as useful units, and one or more of them with the appropriate personnel can always be contracted, if necessary, to provide the remaining services. If that happens; VANOC says it has contingency funds to deal with that.

Leave a comment