EDITOR'S NOTE

Good morning,

All eyes are on the telecommunications equipment sector this morning after Nortel Networks revealed it has filed for bankruptcy protection.

It's fair to say not many industry observers and analysts saw it coming - the signs may have been there with declining profits, but it's a big step taken today.

The company wants protection as it restructures and slims down its strategic focus. No doubt there will be a lot of interest in what this potentially means for the vendor's future in the coming days.

-- Ry Crozier

TODAY ON ITNEWS

By Daniel Robinson | January 15, 2009

Nortel Networks, one of the largest telecoms vendors in the world, is to seek protection from its creditors while it begins restructuring plans in an attempt to save the firm.

By Phil Muncaster | January 15, 2009

A new cryptographic technology launched today promises to speed up communication across the internet while maintaining the highest levels of security.

By Shaun Nichols | January 15, 2009

Research In Motion is advising BlackBerry users to install a new security update for their handsets.

By Rosalie Marshall | January 15, 2009

IBM announced today that it will increase the number of technical inventions it makes freely available to others by 50 per cent, and seek less patent protection for its inventions, in an effort to stimulate worldwide innovation and economic growth.

By Phil Muncaster | January 15, 2009

Technology companies need to collaborate more effectively if they are to weather the economic storm and guarantee profits.

By Ian Williams | January 15, 2009

IT budgets are expected to remain largely flat in 2009 with an average increase of just 0.16 per cent globally, according to analyst Gartner.

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