78-591: Centrepointe Theatre stylized as Meridian Theatres @ Centrepointe , are publicly owned performance halls located in the former city of Nepean in Ottawa , Ontario , Canada. The building originally opened in 1988 with a 954-seat mainstage theatre and added a smaller studio theatre in February 2011. In 2018, Meridian Credit Union entered into a fifteen-year naming rights agreement with the City of Ottawa. The studio theatre
156-591: A joint venture in August 2005, with Nortel owning 51%, to offer telecom and networking solutions in the wireline, optical, wireless and enterprise areas for South Korean and global customers. Peter W. Currie, previously the Chief Financial Officer (CFO) of the Royal Bank of Canada , was named CFO of Nortel in 2005, having previously served as Northern Telecom's CFO in the 1990s. Gary Daichendt,
234-709: A stalking horse bid . Nortel had acquired the application switch product line in October 2000 when it purchased Alteon WebSystems. With the worsening recession and stock market decline deterring potential companies from bidding for Nortel's assets, and many of Nortel's major customers reconsidering their relationships with the restructuring company, in June Nortel announced that it no longer planned to emerge from bankruptcy protection, and would seek buyers for all of its business units. After announcing it planned to sell off all of its assets, Nortel shares were delisted from
312-462: A $ 57 million deal to wind up the health care and other benefits provided to former Canadian employees. Shortly afterwards, Nortel proposed spending $ 92.3M on retention bonuses for 1,475 employees in its Nortel Business Services and Corporate groups, with $ 2.5 million in incentives going to Christopher Ricaute, president of Nortel Business Services; $ 27 million allocated for Canadian employees; and $ 55 million allocated for U.S. employees. The proposed plan
390-528: A US$ 1 billion indemnification from Nortel, joining the list of U.S. creditors. In February 2010, Ernst & Young , the court-appointed monitor of Nortel's Canadian bankruptcy proceedings, reported that the assets of Nortel's Health and Welfare Trust had a shortfall of $ 37 million in its net assets as of December 31, 2008. The trust supports pensioners' medical, dental and life insurance benefits, as well as income support for some groups such as long-term disability recipients. Also in February, Nortel negotiated
468-509: A US$ 750 million credit support facility with Export Development Canada . Walter Robinson of the Canadian Taxpayers Federation denounced the line of credit, calling it " corporate welfare at its worst." On April 28, 2004 amidst the accounting scandal, three of Nortel's top lieutenants—Douglas Beatty, CEO Frank Dunn and Michael Gollogly—were fired for financial mismanagement . They were later charged with fraud by
546-553: A bailout. Nortel initially hoped to re-emerge from bankruptcy, implementing a retention bonus plan in an effort to retain its top executives during the restructuring period. These bonuses, totaling US$ 45 million, were targeted at 1,000 executive positions. At the end of January 2009, Nortel announced that it would be discontinuing its WiMAX business and its agreement with Alvarion . Nortel subsequently sold its Layer 4–7 application delivery business to Israeli technology firm Radware for $ 18 million, after Radware had initially placed
624-652: A cabling company for $ 500,000; a Canadian charter named it The Wire and Cable Company . Northern Electric and Manufacturing further expanded its product line in 1900, manufacturing the first Canadian wind-up gramophones that played flat discs . In 1911 the Wire and Cable Company changed its name to the Imperial Wire and Cable Company . The construction of a new manufacturing plant started in 1913 at Shearer Street in Montreal, Quebec, Canada, as preparations began for
702-666: A fifteen-year naming rights agreement between the City of Ottawa and Meridian Credit Union . The Orpheus Musical Theatre Society , the Savoy Society of Ottawa, the Capital City Chorus and other community groups have sustained the theatre with hundreds of performances since its opening. Numerous touring performers have graced its stages including Paul Potts , Russell Peters , Dave and Ian Thomas, Jeff Healey , David Clayton-Thomas , Sarah McLachlan , Bruce Cockburn , Blue Rodeo , The Barenaked Ladies , The Kids in
780-640: A fresh round of legal arguments in a seven-year-old bankruptcy which cost creditors about $ 2 billion including attorney fees. Courts in the U.S. and Canada approved a negotiated settlement among competing creditors in January 2017. Nortel made telecommunications , computer network equipment and software . It served both general businesses and communications carriers ( landline telephone , mobile phone , and cable TV carriers). Technologies included telephonic (voice) equipment, fiber optics , local wireless , and multimedia . Past products included: In 2016,
858-576: A full-time manager and other support staff, and has a regular company of volunteers who serve as ushers and stage crew , for events presented by non-profit organizations. Stage crew for other events are provided by the International Alliance of Stage and Theatrical Employees IATSE. The theatre is located in the Ben Franklin Place civic complex at Baseline Road and Woodroffe Avenue. It is located near Baseline station on
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#1732775321478936-544: A large surplus and a record of tax restraint. However, most big-ticket municipal infrastructure items (transit, garbage collection, sanitary sewers, water, arterial roads, social services) were the responsibility of the Regional Municipality of Ottawa-Carleton. It maintained its own library system from 1954 to amalgamation, its own police force from 1964 until it was regionalized in the 1990s; its own fire service and its own recreation programs. Hydro services were
1014-510: A majority share in BNR, and eventually acquired the entire company. In the late 1990s, stock market speculators , hoping that Nortel would reap increasingly lucrative profits from the sale of fibre optic network gear, began pushing up the company's share price to unheard-of levels despite the company's repeated failure to turn a profit. Under the leadership of chief executive officer (CEO) John Roth , sales of optical equipment had been robust in
1092-673: A new factory was under construction. As the manufacturing branch expanded, its production ability increased beyond the demand for telephones, and it faced closure for several months a year without manufacturing other products. The Bell Telephone Company of Canada's (later renamed to Bell Canada) charter prohibited the company to build other products. In 1895, the Bell Telephone of Canada spun off its manufacturing arm to build telephones for sale to other companies, as well as other products, such as fire alarm boxes, police street call boxes , and fire department call equipment . This company
1170-598: A stalking horse bid of $ 475 million. In November, Nortel sold its MEN (Metro Ethernet Networks) unit to Ciena Corporation for US$ 530 million in cash and US$ 239 million in convertible notes, and its GSM business at auction to Ericsson and Kapsch for US$ 103 million. Hitachi purchased the Next Generation Packet Core assets. As insurance against judgments in class action lawsuits filed by former employees, John Roth filed in December 2009 for
1248-714: A third of the total valuation of all companies listed on the Toronto Stock Exchange (TSX), employing 94,500 people worldwide. In 2009, Nortel filed for bankruptcy protection in Canada and the United States, triggering a 79% decline in its corporate stock price. The bankruptcy case was the largest in Canadian history and left pensioners, shareholders, and former employees with enormous losses. By 2016, Nortel had sold billions of dollars in assets. Courts in
1326-414: A total of $ 70 million in bonuses to the top 43 managers, with $ 7.8 million going to Dunn alone, $ 3 million to chief financial officer Douglas Beatty, and $ 2 million to controller Michael Gollogly. Independent auditor Deloitte & Touche advised audit committee chairman John Cleghorn and board chairman "Red" Wilson to look into the suspicious results, who promptly hired the law firm WilmerHale to vet
1404-764: A year. The average temperature for fall is around 10 °C (50 °F). Autumn is the driest season in Nepean with only 100 mm (3.9 in) of rainfall annually. The gardening zone for this area is 6A. Anglophone schools in Nepean are administered by the Ottawa-Carleton District School Board (OCDSB) and the Ottawa-Carleton Catholic School Board (OCCSB). Both the OCDSB and OCCSB headquarters are located within Nepean itself. Francophone education
1482-703: Is a 95% chance that all the precipitation comes by thunderstorms in the summer. There is also a small chance of cool, average rainy days in the summertime, especially in June. Nepean is also the Ottawa suburb that has the most hours of sunshine, with an average of 2,100 hours each year. In the winter, Nepean gets about 150–200 cm (59–79 in) of snow yearly with an average temperature of −5 °C (23 °F). Spring starts around late March and lasts until late May, with temperatures of about 10–15 °C (50–59 °F). The springtime has about 165 mm (6.5 in) of rain
1560-544: Is believed to have been the first person to settle in Nepean Township, on the future site of Bytown . Nepean was incorporated as a city on November 24, 1978. The geographic boundaries of Nepean changed considerably over this time; the original town hall of the township of Nepean was located in Westboro , which was annexed in 1950 by the city of Ottawa. Nepean's centre then moved to the community of Bells Corners . In
1638-530: Is provided by the Conseil des écoles publiques de l'Est de l'Ontario (CÉPEO) and the Conseil des écoles catholiques du Centre-Est (CECCE). Schools in Nepean include: Running north-south, Merivale Road is the retail centre of Nepean, offering many smaller shops as well as big box stores. Colonnade Road Business Park is to the west of Merivale Road and south of Borden Farm, supporting many businesses along its two branches, including some federal offices such as
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#17327753214781716-555: The 2007–2008 financial crisis . Nortel had an interest payment of $ 107 million due the next day, approximately 4.6% of its cash reserves of approximately $ 2.3 billion. After the announcement, the share price fell more than 79% on the Toronto Stock Exchange. Export Development Canada agreed to provide up to C$ 30 million in short-term financing through its existing credit support facility with Nortel. The Canadian government resisted characterizing its position on Nortel as
1794-567: The Canadian Broadcasting Corporation reported that lawyers and accountants received CA$ 2.5 billion from Nortel's estate. In 2001 Nortel's director of information services Kathleen Peterson was found dead at the bottom of a staircase in her home in Durham, NC. Nortel had been enduring heavy layoffs during this time, and family members report that Kathleen was worried she may too be laid off at Nortel. This
1872-503: The Internet and other communications networks. As a consequence of the stock transaction used to purchase Bay Networks, BCE ceased to be the majority shareholder of Nortel. In 1999, Nortel outsourced several of its manufacturing operations to North American contractors. In 2000, BCE spun out Nortel, distributing its holdings of Nortel to its shareholders. Bell-Northern Research was gradually absorbed into Nortel, as it first acquired
1950-585: The Public Health Agency of Canada and Canadian Corps of Commissionaires , and an OC Transpo bus depot. The boulevard of Hunt Club West hosts a large auto mall, big box stores, PetSmart, and Costco 's Canadian headquarters, as well as a retail location. Further south is the Bentley Avenue industrial park where many independent auto shops are located, and a precast concrete factory. Several petroleum companies have fuel storage facilities in
2028-564: The RCMP . The trial began on January 16, 2012, ending with acquittals for all three. The United States Securities and Exchange Commission (SEC) also filed charges against them and four vice-presidents for civil fraud. On December 19, 2014, remaining civil charges from the Ontario Securities Commission and SEC were simultaneously dropped. After Dunn's firing, retired United States Admiral Bill Owens – at
2106-449: The "megacity" model. The central plank of the strategy was to promote a tri-city model, which would have seen the ten municipalities of the Ottawa region reduced to three: one in the west (comprising Nepean, Kanata and the western rural municipalities), one in the east (comprising Gloucester, Cumberland and the eastern rural municipalities) and one in the centre (comprising Ottawa, Vanier and Rockcliffe Park ). These efforts were in vain, as
2184-435: The 1950 and 1960s, Nepean's urban area began to expand in previous rural areas in such areas as the community of Centrepointe in the east, and the community of Barrhaven in the south. In 1853, the City of Nepean realized that a community library was needed. By means of a bylaw and a tax levy, a library was created. In 1870, a large fire swept through Nepean, destroying several of the schoolhouses where books were stored. For
2262-536: The Carrier VoIP and Application Solutions (CVAS) unit in May 2010, as Nortel accepted its stalking horse bid of $ 282 million, with adjustments that decreased the net sale price to about $ 100 million, without a formal bidding process. Ericsson purchased Nortel's share in its joint venture with LG Electronics for US$ 242 million, forming LG-Ericsson , in June 2010. Ericsson also purchased Nortel's final operating unit,
2340-758: The Hall , The Rankin Family , Leahy , Lyle Lovett , and the Moscow Philharmonic Orchestra . Margaret Genovese, "The Art of the Volunteer: Volunteerism in the Professional Performing Arts in Canada". Nepean, Ontario Nepean ( / n ə ˈ p iː ən / nə- PEE -ən ) is a former municipality and now geographic area of Ottawa , Ontario , Canada. Located west of Ottawa's inner core, it
2418-869: The Multi-Service Switch division, in September 2010 for US$ 65 million. Nortel's Ottawa campus on Carling Avenue was purchased by Public Works and Government Services Canada (PWGSC) in October 2010 for a cash purchase price of CDN$ 208 million, to serve as the new home of Canada's National Defence Headquarters . Nortel's 53.13% stake in Turkish company Nortel Netaş was acquired by One Equity Partners (OEP) and Rhea Investments for $ 68 million in December 2010. The last major asset of Nortel, approximately 6,000 patents and patent applications encompassing technologies such as wireless, wireless 4G, data networking, optical, voice, Internet, and semiconductors,
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2496-523: The Northern Electric research lab, Northern Electric Laboratories (the predecessor to Bell-Northern Research ), started looking into the possibilities of fiber optic cable , and in 1969, began work on digitizing telephone communications. Also in 1969, Northern began making inroads into the U.S. market with its switching systems. In 1972, it opened its first factory in the U.S. in Michigan . In
2574-471: The Shearer Street plant, and much of the programming was religious services for the Northern Electric employees and families in the community. In July 1923, CHYC-AM was the first radio station to provide entertainment to the riders of the transcontinental train , in a parlor car fitted with a radio set to receive the broadcast as it left Montreal and traveled west. Later in the 1920s, Northern created
2652-605: The Toronto Stock Exchange on June 26, 2009 at a price of $ 0.185 per share, down from its high in 2000 when it comprised a third of the S&;P/TSX composite index. Mike Zafirovski subsequently resigned in August, and Nortel's board of directors was reorganized with three members instead of nine. Nortel handed out $ 14.2 million in cash compensation to seven executives in 2009. Nortel also paid out $ 1.4 million to 10 former and current directors, and paid $ 140 million to lawyers, pension, human resources and financial experts helping to oversee
2730-514: The Transitway and near the Queensway (Highway 417) highway. Originally a project of the City of Nepean, the 954-seat mainstage theatre opened on May 3, 1988. The theatre became an asset of the City of Ottawa after Nepean was amalgamated into Ottawa in 2001. The 199 - 234-seat studio theatre opened in February 2011. On September 27, 2019, a ceremony was held to name the studio theatre after
2808-625: The U.S. and Canada approved a negotiated settlement of bankruptcy proceedings in 2017. Alexander Graham Bell conceived the technical aspects of the telephone in July 1874, while residing with his parents at their farm in Tutela Heights, on the outskirts of Brantford, Ontario . He later refined its design at Brantford after producing his first working prototype in Boston. Canada's first telephone factory, created by James Cowherd of Brantford,
2886-456: The administrators of Nortel's British subsidiary lost their appeal to overturn a court order requiring them to pay £2.1 billion into Nortel's underfunded pension plan. Nortel's U.S. retirement income plan is now managed by PBGC Pension Benefit Guaranty Corporation . In January 2014, a pact between the U.S. and European divisions of Nortel was approved by a U.S. court. However, litigation continued. In April 2016, Nortel went back to court for
2964-685: The area. Ben Franklin Place , located in Centrepointe, was the city hall for Nepean until it became a part of Ottawa. Now, it serves as a government office and client service centre, as well as continuing to be home to a branch of the Ottawa Public Library and the Centrepointe Theatre. Nepean Museum located at 16 Rowley Avenue, Nepean Ontario is a museum that collects, preserves, researches, exhibits and interprets
3042-438: The beloved local actor and broadcaster Les Lye . A CA$ 5 million dollar expansion of the theatre had been planned in 2002, largely funded by a ticket surcharge, but in 2005 these plans were set aside in favour of a "Capital Renewal" fund for replacement of existing facility elements such as sound and lighting equipment. On August 21, 2018, Centrepointe Theatres was officially renamed Meridian Theatres @ Centrepointe as part of
3120-692: The blame mostly on strategic mistakes and poor management at the company. On January 14, 2009, Nortel filed for protection from creditors, in the United States under Chapter 11 of the United States Bankruptcy Code , in Canada under the Companies' Creditors Arrangement Act , and in the United Kingdom under the Insolvency Act 1986 . Nortel was the first major technology company to seek bankruptcy protection during
3198-440: The companies listed on the Toronto Stock Exchange (TSX), employing 94,500 worldwide, with 25,900 in Canada alone. Nortel's market capitalization fell from C$ 398 billion in September 2000 to less than C$ 5 billion in August 2002, as Nortel's stock price plunged from C$ 124 to C$ 0.47. When Nortel's stock crashed , it took with it a wide swath of Canadian investors and pension funds and left 60,000 Nortel employees unemployed. Roth
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3276-460: The company immediately were rejected by the board of directors. Kunis quit shortly thereafter. At the year's end, directors Lynton "Red" Wilson and John Cleghorn retired from the board. Mike S. Zafirovski , who had served as president and CEO of GE Lighting and then as Motorola President and COO, succeeded Owens as president and CEO on November 15, 2005. Motorola filed a suit against Zafirovski's hiring, alleging that his new position would break
3354-618: The company's bankruptcy proceedings. Nokia Siemens Networks made a stalking horse bid to purchase Nortel's CDMA and LTE assets for $ 650 million. By the July 21 deadline for additional bids, MatlinPatterson and Ericsson had made offers, and Ericsson emerged as the victor in the following auction, with a purchase price of $ 1.13 billion. Avaya won an auction for Nortel's Enterprise Solutions business, including Nortel's stake in Nortel Government Solutions and DiamondWare , for $ 900 million, after having placed
3432-509: The company's efforts on digital technology. Northern Telecom was the first company in its industry to announce and deliver a complete line of fully digital telecommunications products. The product line was branded "Digital World" and included the DMS-100 , a fully digital central office switch serving as many as 100,000 lines, which was a key contributor to the company's revenue for close to 15 years. Starting in 1977, Nortel grew rapidly after
3510-608: The company's most senior executives returned $ 8.6 million of bonuses they were paid based on the erroneous accounting. Investigators ultimately found about $ 3 billion in revenue had been booked improperly in 1998, 1999, and 2000. More than $ 2 billion was moved into later years, about $ 750 million was pushed forward beyond 2003 and about $ 250 million was wiped away completely. The accounting scandal hurt both Nortel's reputation and finances, as Nortel spent an estimated US$ 400 million on outside auditors and management consultants to retrain staff. To improve its liquidity, in 2003 Nortel arranged
3588-517: The financial statements. In late October 2003, Nortel announced that it intended to restate approximately $ 900 million of liabilities carried on its previously reported balance sheet as of June 30, 2003, following a comprehensive internal review of these liabilities. The company stated that the restatement's principal effects would be a reduction in previously reported net losses for 2000, 2001, and 2002 and an increase in shareholders' equity and net assets previously reported on its balance sheet. A dozen of
3666-1069: The first talking movie sound system in the British Empire for a theater in Montreal. During the Great Depression in the 1930s, Northern Electric was affected, like most other companies. From the beginning of 1930 through the end of 1933, sales dropped from $ 34 million to $ 8.2 million, with employees dropping from 6,100 to 2,400. In 1949, an antitrust suit in the U.S. forced AT&T / Western Electric to sell its stake in Northern Electric to Bell Canada. AT&T spun off Northern Electric in 1956. Deprived of its Western Electric tie, Northern began developing its own products. In 1953, Northern Electric produced its first television sets using tubes made by RCA . Bell Canada acquired 100 percent of Northern Electric in 1964; through public stock offerings starting in 1973, Bell's ownership of Northern Electric and its successors would be reduced, though it continued to have majority control. In 1966,
3744-498: The former Chief Operating Officer of Cisco Systems , was hired as president and COO, and was expected to succeed Owens as CEO. Shortly afterward, Daichendt appointed ex-Cisco Chief Science Officer Gary Kunis as chief technology officer (CTO). Both Garys were concerned about the overall direction of Nortel, especially when compared to Cisco, their previous employer. Just three months later, Daichendt resigned after both his restructuring plan and his suggestion that Owens and Currie leave
3822-521: The fraud was allegedly to close gaps between its true performance, its internal targets and Wall Street expectations. Nortel settled the case, paying $ 35 million, which the Commission distributed to affected shareholders, and reported periodically to the commission on remedial measures to improve its financial accounting. Nortel announced plans in February 2008 to eliminate 2,100 jobs, and to transfer another 1,000 jobs to lower-cost centres. As part of
3900-558: The introduction of its DMS line of digital central office telephone switches, especially after the AT&;T breakup in 1984. Northern Telecom became a significant supplier in Europe and China and was the first non-Japanese supplier to Nippon Telegraph and Telephone . In 1983, due to deregulation, Bell Canada Enterprises (later shortened to BCE ) was formed as the parent company to Bell Canada and Northern Telecom. Bell-Northern Research
3978-451: The late 1960s and early 1970s, Northern began shipping its first digital switching systems , one of the earliest such systems to be sold. Northern Telecom was, with Bell-Northern Research, in the early 1970s a part owner of MicroSystems International , a semiconductor manufacturer based in Nepean, outside Ottawa. In March 1976, the company name was changed to Northern Telecom Limited, and management announced its intention to concentrate
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#17327753214784056-411: The late 1990s, but the market was soon saturated. When the speculative telecom bubble of the late 1990s reached its pinnacle late in the year 2000, Nortel was to become one of the most major casualties. Nortel's revenues would be dented by a saturated market and the failure of WorldCom , which was a major customer. At its height, Nortel accounted for more than a third of the total valuation of all
4134-612: The mid-1950s. Edward Fleetford Sise was the president and his brother Paul Fleetford Sise was the vice-president and general manager. During the First World War Northern Electric manufactured the Portable Commutator , a one-wire telegraphic switchboard for military operations in the field. In 1922, Northern started to produce, for $ 5, the "Peanut" vacuum tube, which required only a single dry-cell battery. The use of alternating current
4212-544: The new city of Ottawa in 2001, the population of Nepean was 124,878. The 2006 census population was 138,596. Nepean was named after Sir Evan Nepean , British Under-Secretary of State for the Home Department from 1782 to 1791. A Nepean quarry provided the sandstone blocks that were the principal building material used in the Parliament Buildings in downtown Ottawa . In September 2018, Nepean
4290-602: The next eighty years, the library was but a memory. It was in 1951, when Ruth E. Dickinson moved to Nepean from Calgary, that she become the driving force to develop a library in Nepean. The Nepean Public Library was officially opened on March 1, 1957 and was originally known as the City View Public Library. It became the Nepean Township Public Library on December 27, 1962 Prior to its amalgamation with 10 other municipalities into
4368-589: The one-city model eventually prevailed. (The one-city model was recommended by Glen Shortliffe , who was appointed by the Government of Ontario to study the issue of municipal reform in Ottawa-Carleton.) Nepean Township , originally known as Township D, was established in 1792 and originally included what is now the central area of Ottawa west of the Rideau River . Jehiel Collins, from Vermont ,
4446-595: The reductions, Nortel shut down its Calgary campus in 2009. During its reporting of third quarter 2008 results, Nortel announced it would restructure into three vertically-integrated business units: Enterprise, Carrier Networks, and Metro Ethernet Networks. As part of the decentralization of its organization, four executive positions were eliminated, effective January 1, 2009: Chief Marketing Officer – Lauren Flaherty; Chief Technology Officer – John Roese; Global Services President – Dietmar Wendt; and Executive Vice President Global Sales – Bill Nelson. A net reduction of 1,300 jobs
4524-745: The responsibility of the Hydro-Electric Commission of the City of Nepean (commonly referred to as Nepean Hydro). Education in the City of Nepean was provided by the Carleton Board of Education (later amalgamated with the Ottawa Board of Education to form the Ottawa-Carleton District School Board). Prior to amalgamation, Nepean's City Council spent many tax dollars aggressively campaigning against what they (and their allies) referred to as
4602-532: The rest of the National Capital Region , however, Nepean's economy was also heavily dependent on federal government employment. Most of Nepean's employed residents commute to downtown Ottawa or Kanata for work. Nepean's policies of operational and capital budgeting prudence contrasted with the budget philosophies of some other municipalities in the area. Nepean instituted a strict 'pay-as-you-go' budgeting scheme. The city entered amalgamation with
4680-440: The restrictions on importing telephone equipment from the United States. In addition to telephones, four years later, the department started manufacturing switchboards, at first the 50-line Standard Magneto Switchboard. The small manufacturing department expanded yearly with the growth and popularity of the telephone to 50 employees in 1888. By 1890 it had been transformed into its own branch of operations with 200 employees, and
4758-665: The terms of the non-disclosure agreement he had signed. Nortel agreed to pay $ 11.5 million on his behalf to settle the lawsuit. Nortel also paid out US$ 575 million and 629 million common shares in 2006 to settle a class-action lawsuit that accused the company of misleading investors about the company's health. Currie stepped down as Executive Vice President and CFO in early 2007. In February 2007, Nortel announced its plans to reduce its workforce by 2,000 employees, and to transfer an additional 1,000 jobs to lower-cost job sites. The Securities and Exchange Commission filed civil fraud charges against Nortel for accounting fraud from 2000 to 2003;
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#17327753214784836-529: The time a member of the board of directors – was appointed interim CEO. Nortel Networks subsequently returned to using the Nortel name for branding purposes only (the official company name was not changed). Nortel acquired PEC Solutions, a provider of information technology and telecommunications services to various government agencies and departments, in June 2005 and renamed it Nortel Government Solutions Incorporated (NGS). LG Electronics and Nortel formed
4914-550: The two manufacturing companies' integration. Then, in January 1914, the Northern Electric and Manufacturing Company and the Imperial Wire and Cable Company merged into the Northern Electric Company , commonly known simply as Northern Electric. The new company opened the doors on a new manufacturing plant in January 1915. This facility, located on Shearer Street, was the primary manufacturing centre until
4992-416: The works of man and nature in Nepean. Nepean This Week is a weekly publication distributed in the Nepean area. The Ottawa area's CTV affiliate, CJOH-DT , was headquartered on Merivale Road in Nepean. The studio was home to shows such as Graham Kerr 's The Galloping Gourmet , and the cult children's classic You Can't Do That on Television . The building was ravaged by a fire on February 7, 2010, and
5070-568: Was a three-story brick building that soon started manufacturing telephones for the Bell System , leading to the city's style as The Telephone City . After Cowherd's death in 1881 which resulted in the closure of his Brantford factory, a mechanical production department was created within the Bell Telephone Company of Canada and production of Canadian telephone equipment was transferred to Montreal in 1882 to compensate for
5148-700: Was also announced. As its stock price dropped below $ 1, the New York Stock Exchange notified Nortel that it would be delisted if its common shares failed to rise above $ 1 per share within 6 months. Rumours continued to persist of Nortel's poor financial health, amid the late 2000s recession , and its bids for government funds were turned down. There is suspicion that industrial espionage and knockoff Asian products brought down Nortel or at least accelerated its demise. An extensive analysis by University of Ottawa professor Jonathan Calof and recollections of former Nortel executive Tim Dempsey have placed
5226-575: Was an independent city until amalgamated with the Regional Municipality of Ottawa–Carleton in 2001 to become the new city of Ottawa . However, the name Nepean continues in common usage in reference to the area. The population of Nepean is about 186,593 people (2021 Census). Although the neighbouring municipality of Kanata formed the entrepreneurial and high tech centre of the region, Nepean hosted noted industries such as Nortel Networks , JDS Uniphase and Gandalf Technologies . As with
5304-456: Was criticized after it was revealed that he cashed in his own stock options for a personal gain of C$ 135 million in 2000 alone. CEO John Roth retired in 2001. His planned successor and chief operating officer (COO), Clarence Chandran, already on sick leave due to complications following his 1997 stabbing in Singapore, decided to quit, however. Chief financial officer (CFO) Frank Dunn
5382-493: Was demolished in 2011. The Merivale Road complex is still home to Corus Entertainment 's English-language stations CKQB-FM and CJOT-FM . The following famous people were either born in, raised in, or consider Nepean their home town: Nortel Networks Nortel Networks Corporation ( Nortel ), formerly Northern Telecom Limited , was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa , Ontario , Canada. It
5460-420: Was eventually chosen as Roth's permanent replacement. Frank Dunn presided over a dramatic restructuring of Nortel, which included laying off two-thirds of its workforce (60,000 staff) and writedowns of nearly US$ 16 billion in 2001 alone.This had some initial perceived success in turning the company around, with an unexpected return to profitability reported in the first quarter of 2003. The black ink triggered
5538-554: Was founded in Montreal , Quebec in 1895 as the Northern Electric and Manufacturing Company, or simply Northern Electric. Until an antitrust settlement in 1949, Northern Electric was owned mostly by Bell Canada and the Western Electric Company of the Bell System , producing large volumes of telecommunications equipment based on licensed Western Electric designs. At its height, Nortel accounted for more than
5616-540: Was incorporated as the Northern Electric and Manufacturing Company Limited. Northern Electric and Manufacturing Company Limited was incorporated on December 7, 1895. The initial stock capital was $ 50,000 at $ 100 per share, with 93% held by the Bell Telephone Company of Canada and the remainder held by seven corporate directors. The first general stockholders meeting was held on March 24, 1896. In December 1899, The Bell Telephone Company of Canada bought
5694-525: Was jointly owned 50–50 by Bell Canada and Northern Telecom. The combined three companies were referred to as the tricorporate. As Nortel, the streamlined identity it adopted for its 100th anniversary in 1995, the company set out to dominate the burgeoning global market for public and private networks. In 1998, with the acquisition of Bay Networks , the company's name was changed to Nortel Networks to emphasize its ability to provide complete solutions for multiprotocol, multiservice, global networking over
5772-482: Was later extended by an additional $ 27 million. Claiming that the retention bonuses proposal was extraordinary, acting US trustee Roberta DeAngelis objected to the payment of $ 55.6 million to 866 employees. However, court-appointed representatives for Nortel's former employees, who are creditors in the Ontario bankruptcy court, have signed an agreement to not oppose any employee incentive program. GENBAND purchased
5850-664: Was one of the regions hit by a powerful storm that spawned six tornados in the Ottawa area, causing widespread damage to the Arlington Woods , Craig Henry and Colonnade Road Business Park areas. Prior to amalgamation, the following communities and neighbourhoods were within the city boundaries: Nepean has a humid continental climate (Köppen Dfb), with warm, humid summers and cold winters. The summers start in early June and end in late September with an average summer high temperature of 27 °C (81 °F). In Nepean, summers have about 220 mm (8.7 in) of rain. There
5928-473: Was renamed the Les Lye Studio Theatre in 2019. The building has two performance theatres - a 954-seat mainstage and the 199 - 234-seat Les Lye studio theatre. Genres presented include musical theatre , theatre , dance , comedy and music . In addition to community theatre groups, the theatre rents performance space to commercial presenters and other organizations. The theatre employs
6006-553: Was sold for $ 4.5 billion to a consortium including Apple , EMC, Ericsson, Microsoft , BlackBerry Limited , and Sony , pending American and Canadian court approval. (Google had placed the initial stalking horse bid of $ 900 million and later upped the bid to $ 1,902,160,540, then $ 2,614,972,128, and eventually $ 3.14159 billion, which are references to Brun's constant , Meissel–Mertens constant , and pi .) Bankruptcy filings state that Nortel owed former Canadian engineers $ 285,000 for patent awards that were not paid. In October 2011,
6084-440: Was still under development during this time. The "Northern Electric Peanut tube was the smallest tube made, and drew only one-tenth of an ampere and was the most remarkable radio frequency amplifier ever made." During the 1920s Northern Electric made kettles , toasters , cigar lighters, electric stoves , and washing machines . In January 1923, Northern Electric started to operate an AM radio station with call letters CHYC , in
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