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Nortel Taps Symantec for Application-Layer Security

Nortel Networks is teaming with Symantec to add intrusion prevention to its Application Switch family.

Nortel’s latest move to bulk up its enterprise networking portfolio comes a week after President and CEO Mike Zafirovski outlined his long-term strategy to regain the company’s financial strength after struggling with the aftermath of an accounting scandal and years’ worth of financial restatements.

Zafirovski, who joined Nortel six months ago, detailed his strategy as Nortel disclosed that it expects a wider loss for its first quarter.

“We’re not putting Nortel on some sort of fad diet. We’re going to make this company leaner, faster and give it more endurance,” Zafirovski said during a conference call last week. “We know this is a marathon, not a sprint.”

Among Zafirovski’s plans is a commitment to focus on corporate governance, cut some R&D spending and target at least 20 percent market share and a No. 1 or No. 2 position in all of its key technology areas over the next three years.

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