Telecom giant Nortel Networks, which has operations in England and Northern Ireland, is to slash its work force by 10% as it struggles to recover from an accounting scandal that led to a criminal investigation.

Two-thirds of companies are planning to shift applications across most or all of their business to converged networks within the next five years, according to a new global survey.

Quinn-Financial Services has deployed advanced Internet Protocol (IP) communications solutions to merge its voice and data networks.

Rising concern over violence in the Middle East gave US investors yet another reason to sell today, sending the Dow Jones industrial average down 135 points despite another batch of solid earnings reports.

Wall Street ended January on a down note today following disappointing gross domestic product figures.

SIEMENS AG, Germany's largest electronics and engineering company, said it will cut 2,300 jobs at its Information and Communication Mobile (ICM) unit as demand for wireless networks falls.

Canadian telecommunications equipment maker, Nortel Networks is to supply Cork-based National Software Centre (NSC) with its IP Telephony Solution.

Nortel has announced that around 40 staff from its Irish workforce are to lose their jobs, as part of the company's moves to shed 3,500 additional jobs worldwide.

The Footsie 100 Index has closed up 1 point at 5179.6.

As part of a wider UMTS network and advanced service enabler solution provided by Nortel Networks, the Everix Multi-Channel Platform will provide multi-channel, multi-access capabilities.

Nortel Networks [NYSE/TSE: NT] has signed a $250m deal to build out 3G networks for Telefonica Moviles SA in Spain and Germany.

Nortel Networks has said that weak customer demand will hit Q1 sales and it will now be very difficult for the company to meet its sales targets for the quarter.

Nortel Networks reported its Q3 results, which showed a $3.5bn loss, or $1.08 a share, compared to a loss of $586bn, or 17 cents a share a year ago.

There are fears of more job losses in Ireland's high-tech sector after the telecoms giant Nortel Networks announced it plans to shed 20,000 jobs worldwide.

Canadian telecoms giant Nortel Networks has warned it expects to post a $3.6bn (£2.6bn) loss in the third quarter.

Canadian telecoms giant Nortel Networks warned tonight it expected to post a $3.6bn loss in the third quarter and would reduce its workforce by almost 20,000 more jobs to less than half the total it started with this year.

A slowdown in the global economy is expected to dent Bookham Technology's interim results.

The perils of over-supplying are expected to be demonstrated in Nortel Networks first quarter results next week.

A high-tech electronics company today brought some much needed jobs cheer to Co Fermanagh, which has been hit by a string of redundancies and the knock-on effects of foot-and-mouth disease.

Earnings worries have thwarted the US stock market for a second straight session.

Wall Street has made an expected retreat sending technology and blue chip stocks sliding on a mix of profit-taking and earnings warnings.

London shares plunged today after tech stocks took a battering.

The Footsie index of 100 leading shares has plunged 84.8 points as a series of warnings from technology groups in North America led to a sell-off in the sector. The index now stands at 6113.1.

Technology and telecom stocks are suffering a bloodbath as investors on the London Stock Exchange react to a raft of bad news overnight from across the Atlantic.

News that Motorola plans to cut up to 4,000 additional jobs sent the stock market down sharply today.