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Nortel Appoints Head of Global Sales

Nortel announced the appointment of Michael Pangia as senior vice-president, Global Sales Operations and Strategy — a newly created position. Pangia is currently president…

Novatel Wireless Misses Q1 Forecast

Novatel Wireless, which supplies wireless broadband access cards, reported preliminary Q1 financial results saying it now expects revenue to be approximately $91 million, lower…

Platinum Equity Completes Acquisition of Covad

Platinum Equity completed its acquisition of Covad Communications for approximately $470 million. The acquisition was a public-to-private transaction in which an affiliate of Platinum…