Nortel Sees Green In Virtualization
Vendor unveiled the VSS 5000, a switch designed to virtualize services provided by devices including firewalls, application switches and SSL-acceleration appliances.
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Hackney says Nortel's enterprise business has grown faster than the market for the past six or seven quarters, and will continue on that trajectory.
That may be difficult given the sluggish economy and a slowdown in spending on enterprise IT. Research firm ChangeWave already has characterized IT spending as recessionary. Yet Hackney insists that this, too, presents an opportunity for Nortel, especially in vertical markets less susceptible to the macroeconomic environment than others.
"Some people look at a down market and say, 'Boy, this is a time for me to double down,'" Hackey says. "[If] you look at the productivity savings of some of the IT investments that we can do, they're not quite going to cut off investments that are going to reduce the total operating cost of their company."
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