Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Nortel Networks and its new president CEO, Mike Zafirovski have reached agreement with Zafirovski's former employer, Motorola, which filed a law suit against Zafirovski last month immediately after Nortel announced his appointment.
Under the terms of the settlement, Zafirovski will repay Motorola $US11.5 million, part of his separation payment from the company and Nortel has agreed to fully reimburse him.
Full terms of the settlement have not been disclosed, but none of three parties have admitted to any violations of law, breaches of any agreements, or any other improper conduct. Zafirovski is prohibited from disclosing Motorola trade secrets or confidential information, and Zafirovski and Nortel have agreed for a specified period to refrain from hiring or recruiting Motorola employees under certain circumstances
The settlement also includes restrictions, until July 1, 2006, on Zafirovski's communications with certain companies, some of which are Nortel customers, and limitations on his ability to advise Nortel on competitive strategy or analysis relative to Motorola for a defined period.
The lawsuit will be dismissed, but the court will retain jurisdiction of the matter to enforce the terms of the settlement. Zafirovski will now take up his new role on November 15, 2005, as originally planned.
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
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