Stories about: Alteon

Nortel may sell off more of itself than previously announced, leaving very little as a core business if all the speculated sales go through.

Nortel wants to sell off its application-delivery gear to Radware, but to keep on selling it under an OEM agreement.

Aspiring entrepreneurs can only dream about a track record like Selina Lo's. First there was Centillion, a networking startup that Lo co-founded, and Bay Networks purchased for US$100 million in 1994. Lo's next act was Alteon, a maker of Gigabit Ethernet adapters that Lo joined in 1996 and transformed into Alteon WebSystems, a maker of content-aware switching hardware, before helping to sell Alteon to Nortel at the apex of the dot-com craze in July, 2000, for US$7.8 billion. It was a master stroke of good marketing and good timing that made Lo very wealthy.

Nortel Networks Tuesday unveiled new telecommunications technology, based on Alteon WebSystems switches, designed to give Internet content providers the ability to provide new services.