Nortel Networks: Enhanced Enterprise Security Solutions Deliver Nortel Vision of Trusted Communications
Nortel has made secure connectivity available to more than 100 million users
worldwide.
About Nortel
Nortel is a recognized leader in delivering communications capabilities that
enhance the human experience, ignite and power global commerce, and
secure and protect the world’s most critical information. Serving both service
provider and enterprise customers, Nortel delivers innovative technology
solutions encompassing end-to-end broadband, Voice over IP, multimedia
services and applications, and wireless broadband designed to help people
solve the world’s greatest challenges. Nortel does business in more than 150
countries. For more information, visit Nortel on the Web at
www.nortel.com.
For the latest Nortel news, visit
www.nortel.com/news.
Certain information included in this press release is forward-looking and is subject to
important risks and uncertainties. The results or events predicted in these statements may
differ materially from actual results or events. Factors which could cause results or events to
differ from current expectations include, among other things: the outcome of Nortel’s
independent review and planned restatement or revisions of its previously announced or filed
financial results; the resolution of the accounting issues announced on November 11, 2004,
including the outcome of discussions with the United States Securities and Exchange
Commission (SEC); the impact of the management changes announced on April 28, 2004
and August 19, 2004; the impact of the inability to meet Nortel’s filing obligations on support
facilities and public debt obligations; any potential delisting or suspension of the Company’s
or NNL’s securities; the adverse resolution of litigation, investigations, intellectual property
disputes and similar matters; the sufficiency of Nortel’s restructuring activities, including the
work plan announced on August 19, 2004 as updated on September 30, 2004, including the
potential for higher actual costs to be incurred in connection with restructuring actions
compared to the estimated costs of such actions; cautious or reduced spending by Nortel’s
customers; fluctuations in Nortel’s operating results and general industry, economic and
market conditions and growth rates; the communication by Nortel’s auditors of the existence
of material weaknesses in internal controls; Nortel’s ability to recruit and retain qualified
employees; fluctuations in Nortel’s cash flow, level of outstanding debt and current debt
ratings; the use of cash collateral to support Nortel’s normal course business activities; the
dependence on Nortel’s subsidiaries for funding; the impact of Nortel’s defined benefit plans
and deferred tax assets on results of operations and Nortel’s cash flows; Nortel’s dependence
on new product development and its ability to predict market demand for particular products;
Nortel’s ability to integrate the operations and technologies of acquired businesses in an
effective manner; the impact of rapid technological and market change; the impact of price
and product competition; barriers to international growth and global economic conditions,
particularly in emerging markets and including interest rate and currency exchange rate
fluctuations; the impact of rationalization in the telecommunications industry; changes in
regulation of the Internet; the impact of the credit risks of Nortel’s customers and the impact of
customer financing and commitments; stock market volatility generally and as a result of
acceleration of the settlement date or early settlement of Nortel’s purchase contracts; the
impact of Nortel’s supply and outsourcing contracts that contain delivery and installation
provisions, which, if not met, could result in the payment of substantial penalties or liquidated
damages; and the future success of Nortel’s strategic alliances. For additional information
with respect to certain of these and other factors, see the most recent Form 10-Q/A and Form
10-K/A filed by Nortel with the SEC. Unless otherwise required by applicable securities laws,
Nortel disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
http://www.nortel.com/corporate/news/newsreleases/2004d/12_07_04_enterprise_security_solutions.html (6 of 7) [5/21/2008 1:28:25 AM]