July 18, 2006
Microsoft + Nortel Teamup Expected To Generate $1 Billion In Revenue
Microsoft's and Nortel's announced teamup for unified communications (e-mail, instant messaging, telephony, and multimedia conferencing), which includes VoIP, is expected to be a financial boon.
Mike Zafirovski, president and CEO of Nortel, says that they feel that moving their voice technology into software, and teaming up with Microsoft, is going to bring Nortel an extra billion in new revenue.
Nortel's stock (NYSE: NT) is currently around $2 and has seen a steady decline this year - way off the high of $100+/share of late 2000 - early 2001. Microsoft's stock (NYSE: MSFT) has been relatively flat for the last 5 years, hovering around the $20-25/share range.
Unified communications can be expected to include both video and voice over IP. This move into the VoIP market for both Nortel and Microsoft might mark a postive step for share prices, as well as for customers who would rather put trust in these two companies than some upstart unknown VoIP provider.
Source: [Microsoft]
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