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Published on FierceWireless (http://www.fiercewireless.com)

Nortel sees slower CDMA sales

By Sue
Created Aug 1 2008 - 11:36am

Alcatel-Lucent isn't the only vendor feeling the squeeze from a decrease in CDMA sales in North America. Nortel Networks today reported second quarter revenues of $2.6 billion, up slightly from $2.56 billion a year ago. However, the company had a net loss of $113 million, compared with a net loss of $37 million a year ago. The firm blamed the losses on economic weakness, competitive pressures and a reduction in spending from key North American customers. Nortel also said that its CDMA sales were down from $494 million last year to $446 million this year. On the GSM side, revenues were up more than 11 percent to $448 million.

Nortel announced earlier this summer that it was shifting its R&D efforts to LTE and teaming with Alvarion on all WiMAX initiatives.

For more:
- see this Light Reading [1] story
- See this WSJ story [2] (sub. req.)

Related articles:
Alca-Lu [2] stung by CDMA weakness
Nortel [2] teams with Alvarion on WiMAX; focus moves to LTE


Source URL:
http://www.fiercewireless.com/story/nortel-sees-slower-cdma-sales/2008-08-01