TORONTO – This week, Nortel president and CEO Mike Zafirovski told customers and investors that the company will launch a new strategic initiative by concentrating on super-fast Ethernet networks essential to handling the coming growth of bandwidth-hungry video applications. Calling it "Metro Ethernet Networks", the new group will be led by Philippe Morin as president. "Nortel's future depends on our continued leadership in innovation and with our new Metro Ethernet Networks we're bringing our best technologies together, backed by an initial incremental investment in R&D," said Zafirovski. "In his previous position as general manager, Optical, Philippe grew the business approximately...
