Ottawa high tech sector among top 50 firms

1148 days ago      From: CTV Ottawa      
An annual review of Canada's top 300 tech firms puts Ottawa's technology industry in about the same spot as last year.
The report released Thursday ranks firms by revenues and seven Ottawa-based firms are in the top 50.

New Nortel deal goes before judge on Wednesday

1150 days ago      From: CTV Ottawa      
There's a potential settlement for about 20,000 Nortel pensioners, long-term disability workers and laid off workers who were never paid any severance.

Blocked Nortel deal will create 'crisis' for former workers

1151 days ago      From: CTV Ottawa      
The association that represents thousands of Nortel pensioners and laid off workers said today that "a crisis has been created" by a judge who ruled that a settlement of claims could not proceed.
The proposed deal would have extended health and other benefits until the end of this year for 400 disabled workers

Cell phone = electronic wallet

1155 days ago      From: CTV Ottawa      
Are you ready to make the leap and use your cell phone as a mobile bank?
2010 may be the breakout year for mobile payments in North America.
Using a cell phone to pay for things hasn't been a priority here but look at the rest of the world. Vince Kadar president of Ottawa's Telepin says..."the developing world runs on cash. That's how they do b

Canada's military tech takes a shot

1161 days ago      From: CTV Ottawa      
Canada's military industry employs about 90,000 people and generates about $10 billion in annual sales. It's a key part of this nation's high tech sector.
In the Ottawa region alone, some 10,000 people work for military companies such as General Dynamics, Allen-Vanguard, DEW Engineering, Thales and many more.

Options suggested for laid-off Convergys workers

1172 days ago      From: CTV Ottawa      
As of this week, action will be taken to help 800 Ottawa workers find new jobs following an announcement six weeks ago, when United States call-centre giant Convergys told staff that the work being done in Ottawa will be moved to the Philippines.

Open Text announces $1 billion-investment

1176 days ago      From: CTV Ottawa      
Canada's largest software company announced today it will pump $1 billion into research, which includes a boost to its Ottawa operations.

LTD workers argue against Nortel deal

1177 days ago      From: CTV Ottawa      
A judge residing over the Nortel case is hearing arguments Wednesday from several long-term disability workers who say a proposed deal to cut off their benefits at the end of the year is not good enough.

CEO says Ottawa remains key in Nortel takeover

1183 days ago      From: CTV Ottawa      
The CEO of a U.S. company that's purchased the last major unit of Nortel told CTV Ottawa Thursday that the capital is an integral part of the company's operations.

Nortel sells off last business unit for $182M

1184 days ago      From: CTV Ottawa      
Despite Nortel's best efforts, only one company had any interest in buying the last major business unit of the former tech giant. Nortel announced Wednesday morning that GENBAND acquired the carrier and voice solutions unit for a net price of $182 million.

Former Nortel workers advised to take deal

1185 days ago      From: CTV Ottawa      
Nortel pensioners, workers on long-term disability and those who have been terminated over the last year were told Tuesday they should accept an offer from Nortel.

Analyst says former Nortel workers will lose 'too much'

1185 days ago      From: CTV Ottawa      
A financial analyst who has worked with Nortel pensioners and employees who rely on long-term disability says the deal being offered to former employees offers "too little for workers and gives up too much."

Customer service centre lays off 800 Ottawa workers

1212 days ago      From: CTV Ottawa      
An Ottawa customer service centre is laying off 800 people, moving work to the Philippines.
Convergys notified employees of the layoffs on Monday, after AT&T in the Unites States cancelled a contract with the company.

Tech leaders map out new strategy for region's industry

1218 days ago      From: CTV Ottawa      
Nearly 50 of Ottawa's tech executives, politicians from all levels and post-secondary school leaders held a closed door meeting a week ago today.
The purpose was to map out a new strategy for this region's tech industry. I spoke to participants and the feeling is that tech and the world's economy have changed dramatically in the last decade and t

Nortel auction continues into next week

1278 days ago      From: CTV Ottawa      
Roughly 1,000 jobs are at stake in Ottawa pending the auction of the optical/metro ethernet divisions of Nortel, which started on Friday. No end date has yet been set.

New Jersey's Ciena set the opening bid at $551 million; in better days, that division would have been worth between $1 billion and $2 billion. Ciena already has 200 employees in

Nokia Siemens enters bid for Nortel's optical networks

1280 days ago      From: CTV Ottawa      
TORONTO — Insolvent telecom equipment maker Nortel Networks Corp. started the auction for its optical networking and carrier ethernet business on Friday morning, with Nokia Siemens Networks joining the fray.

A source familiar with the process confirmed that Nokia Siemens, a joint venture between Finland's Nokia Corp. (NYSE:NOK) and Germany's Si

Ericsson makes its mark at Nortel's Carling campus

1281 days ago      From: CTV Ottawa      
ctvottawa.ca

Nortel's headquarters on Carling Avenue is the site of a celebration today.

Swedish telecom giant Ericsson is unveiling new signage on the building it now owns as part of its takeover of Nortel's wireless division.

The deal officially closed on Friday, shifting 2,500 Nortel workers to Ericsson's payroll. Nine-hundred of tho

Avaya continues layoffs in Ottawa and Belleville

1288 days ago      From: CTV Ottawa      
ctvottawa.ca

A high-tech company with offices in Ottawa and Belleville continues to lay off hundreds of employees, just as the firm is given government approval for its multi-million dollar acquisition of Nortel's enterprise division.

Avaya, which employs nearly 1,000 workers at its eastern Ontario offices in Ottawa and Belleville,

Nortel pensioners plan Parliament push

1311 days ago      From: CTV Ottawa      
ctvottawa.ca

Nortel pensioners and employees on disability plan to rally on Parliament Hill tomorrow to keep their benefits.

"I joined BNR, which was the predecesor of Nortel in 1971 and I got terminated in 2001. So I got 30 years in," says Rick Nelson, a Nortel retiree.

About 17,000 former Nortel employees are getting their pensions as

Ottawa in the running for smartest community title

1311 days ago      From: CTV Ottawa      
The City of Ottawa is in the running to be named the smartest community in the world.

Once again it has made the top 21 list of the Intelligent Community Forum.

The group monitors the introduction of technology in municipalities.

It also lobbies for better Internet access for people around the world.

The world's most intelligent co

City officials meet to generate tech jobs

1329 days ago      From: CTV Ottawa      
About 50 local, provincial and federal politicians and business people met Friday to figure out ways to help Ottawa's troubled tech sector.

Officials are working on a program called Coral CEA, which is meant to help tech firms develop new products and generate at least 200 jobs in its first year.

CTV Ottawa- Two more Nortel units to go up for auction

1330 days ago      From: CTV Ottawa      
Two more units of Nortel are heading to the auction block, in one of several developments in the company's shutdown process.

The company says bidders have until Nov. 5 to submit a bid for the GSM wireless phone technology, which is used by about 80 per cent of the world's cell phones. There will then be an auction on Nov. 9 to select a buyer.

Deadline day for Nortel's enterprise unit

1357 days ago      From: CTV Ottawa      
Today is a key deadline day for the sale of Nortel.

Anyone who wants to submit a bid to purchase Nortel's enterprise division has until noon today.

The only bid currently on the table is Avaya, which is offering $475 million. Two other groups -- both headed by American equity investment firms -- have indicated they might submit bids.

H

Nortel pensioners hold rally on Parliament Hill

1385 days ago      From: CTV Ottawa      
ctvottawa.ca

A last minute effort to rally support to help Nortel pensioners is underway.

Pensioners are asked to gather on Parliament Hill at 9 a.m. Friday to demonstrate their concerns about a 30 to 40 per cent hit to their pension benefits.

Legal firms appointed to advise Nortel employees

1399 days ago      From: CTV Ottawa      
Ontario courts have appointed two law firms to examine the legal interests of Nortel employees who could soon be working for new owners.

The judge said the decision was made because Nortel employees need to stay informed about their legal rights as the company moves forward with the sale of its assets.

Clement won't intervene in Nortel-RIM dispute

1401 days ago      From: CTV Ottawa      
The Canadian Press

TORONTO — Ottawa will not intervene in a dispute between insolvent Nortel Networks and Canadian technology giant Research In Motion (TSX:RIM) over the bidding process for Nortel's prized wireless division, Industry Minister Tony Clement said Tuesday.

After a Calgary event, Clement said he hoped executives at Nortel would

Nortel pensioners go online to organize their fight

1414 days ago      From: CTV Ottawa      
ctvottawa.ca

Nortel pensioners and those representing laid-off workers with no severance will go online Wednesday night to better organize their campaign to change the law and better protect pension funds.

The new Fix BIA Now campaign is supported by the Nortel Retirees Protection Committee, a similar group on the LinkedIn website, and repr

Nortel revives employee incentive payments

1448 days ago      From: CTV Ottawa      
Nortel employees will be going home Friday night with a bonus payment cheque.


The annual incentive plan was cancelled for last year due to the company entering bankruptcy protection. It has been revamped to provide many workers with a few thousand dollars....

Ottawa MP plans to take action for laid off Nortel workers

1463 days ago      From: CTV Ottawa      
An Ottawa MP says he'll make sure the situation facing laid off Nortel workers is brought up when the House of Commons resumes next week. ...