Homeland Security Struggles with 'Extraordinary' Turnover Sep 4, 2006
Emery became a vice president at PEC Solutions, a Fairfax, Va. technology services firm. (eWeek)
Nortel unit gets contract extension Jul 11, 2006
This new agreement will allow the former PEC Solutions, which Nortel acquired last year for $448 million (U.S.), to provide additional program management services to the Citizen and Immigration Service through May 2007 ... PEC Solutions was acquired as part of an effort under former Nortel CEO Bill Owens to broaden the revenue base of the Canadian-based telecom equipment vendor, which faces a consolidation of its traditional customers and rivals. (Toronto Star)
Nortel's Homeland Security contract extended Jul 11, 2006
This new agreement will allow the former PEC Solutions, which Nortel acquired last year for $448-million (U.S.), to provide additional program management services to the Citizen and Immigration Service through May 2007 ... PEC Solutions was acquired as part of an effort under former Nortel CEO Bill Owens to broaden the revenue base of the Canadian-based telecom equipment vendor, which faces a consolidation of its traditional customers and rivals. (Globe and Mail -- Business)
Nortel quartely loss grows Jun 7, 2006
Nortel blamed higher costs from the acquisition of PEC Solutions, Inc., and from its business transformation initiatives. Shares of Nortel were down in trading on the Canada's stock exchange immediately after the announcement. (Australian IT)
Federal Services Acquisition Announces Chief Financial Officer Appointment May 19, 2006
Most recently with PEC Solutions, Inc. (Nasdaq: ), a public company with estimated 2005 revenue of more than $270 million and over 1,700 employees, that was acquired by Nortel Networks in June 2005. Lloyd held the titles of Senior Vice President, Chief Financial Officer and Treasurer and served on the Company's Board of Directors. (PR Newswire)
Nortel Provides Status and Outlook Update May 16, 2006
Nortel has made various assumptions in the preparation of its financial outlook in this press release, including the following company specific assumptions: no further negative impact to Nortel's results of operations, financial condition and liquidity arising from Nortel's restatements of its financial results; Nortel's prices increasing at or above the rate of price increases for similar products in geographic regions in which Nortel sells its products; increase in sales to Nortel's enterprise... (Canada Newswire)
Nortel Acquires Router Vendor Tasman Jan 1, 2006
In April, Nortel announced plans to acquire government infotech consultancy PEC Solutions for $448 million in cash. 2006 Telephony. (NewsFactor)
