Nortel also announced it has completed the acquisition of PEC Solutions Inc. for $448 million, in a move to accelerate U.S federal business.
The company still faces challenges in regaining profitability, though.
For the first fiscal quarter of 2005 ended May 31, Nortel posted a loss of $49 million, or 1 cent per share on sales of $2.54 billion, compared to earnings of $59 million, or 1 cent per share on sales of $2.44 billion the first quarter of 2004. First fiscal 2005 quarter results included special charges of $21 million related to restructuring activities.
Peter Currie, executive vice president and chief financial officer of Nortel, said in a statement, "For the second quarter of 2005, we expect solid revenue growth compared to the second quarter of 2004, margins to be at the low end of our expected range for 2005 due to the mix of business and spending to be lower as a percent of revenue compared to the second quarter of 2004."
Verizon is demoing crowd analytics technology that uses 5G along with AI and mobile edge computing to give stadium operators insights into the flow of fans throughout a venue.
As we move closer to fully realizing the potential of Wi-Fi 7, it becomes evident that the RF, signaling, and throughput tests are not merely procedural checkpoints but the pillars of excellence in wireless communication.
With low earth orbit (LEO) satellites fast becoming the norm and 3GPP unifying telecom standards around the globe, the satellite IoT and machine-to-machine (M2M) sector ought to be looking at a bright horizon. But is this the case?
