There were apparently no challengers to Radware's offer to buy Nortel'sapplication server line, so the US$18 million deal has gone through.As we reported in February, because Nortelis in bankruptcy protection, Radware's offer was open to challengebefore being approved by the court. However, the companies announcedTuesday that the deal has gone through.

The assets includeNortel Application Accelerators (NAA) 510 and 610, and NortelApplication Switches (NAS) 3408E, 2424E, 2424 SSL E, 2216E and 2208E.For the time being, they'll still be available from Nortel through anOEM relationship with Radware.

At the same time, Nortel did makea change at the top. Restructuring expert David Richardson has beenappointed to the board. Until his retirement in 2002, he was the seniorpartner in Ernst and Young's corporate recovery and restructuringpractice. Richardson is also a director of Air Canada's parent ACEAviation Holdings, which according to news reports is, like Nortel, indeep financial trouble.

Aside from the Radware deal, we stilldon't know anything about Nortel's future. In the current economicenvironment, with financial institutions reluctant to lend money, theodds increase that the telecommunications equipment maker will bedivided up rather than restructured.

The company is doing itsbest to look like it's vigorously in business. In the past two days itissued seven product or deal-releated press releases, including salesto operators in Texas and Trinidad, and a railway in Algeria. Productnews includes power management software for its GSM radios and a modulefor its Communications Server that lets TV subscribers see phone callalerts on their screens.

Would you recommend this article?

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada
Previous articleJuniper to bring out video monitoring tool
Next articleHoneynet Project, IOActive announce Conficker detection tools
Howard Solomon
Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com