Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers, and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business. In short, don't blame the accountants if the company files for bankruptcy protection.

You¿d reckon that a going-concern statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know more than the bean counters.

During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.

Home / Markets / Industries / Telecom

Wednesday, August 27, 2008

Nortel Secure 'Office-on-a-Stick' Protects Remote Network Access from Any PC

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Aug 27, 2008 (Hugin via COMTEX) ----New Secure Portable Office Helps Liverpool Women's Hospital Ensure Privacy

TORONTO, ONTARIO--(Marketwire - August 27, 2008) - Nortel(1) (TSX: NT)(NYSE: NT) has unveiled a unique business solution that gives road warriors a secure 'office-on-a-stick' using a specially-formatted USB key for Windows PCs that automates business network access when inserted and protects information and applications by completely removing them when the USB key is removed.

This solution - called Nortel Secure Portable Office - combines hardware, software and services to provide simple, secure network access for remote workers in healthcare, government, finance, education, hospitality and other industries.

"Simplicity is critical," said Dr. Zafar Chaudry, director of IT for the Liverpool Women's NHS Foundation Trust(2), a hospital specializing in care for women and babies. "Community-based midwives from Liverpool Women's Hospital will be using Nortel Secure Portable Office with hospital-provided laptops, 3G wireless data cards and Nortel Mobile Client Accelerator to securely access, review and update server-based medical records from patient homes.

"Our midwives must keep up with complex and changing procedures to ensure the very best patient care," said Dr. Chaudry, recently named Techworld's 2008 CIO of the Year.(2) "Having a simple solution that allows them to do their jobs securely without having to learn complex log-in and operating procedures is a real plus."

When the Secure Portable Office USB key is inserted into a Windows PC, user identity is first authenticated. Then a secure network connection is established through Nortel VPN Gateway. Finally, a 'Virtual Desktop' is launched, presenting the user with a menu of authorized network applications. An automatic scan for viruses and out-of-date or malicious software can also be configured.

All data and applications are encrypted, both in transit and on the PC. When the USB key is removed, the complete Secure Portable Office environment - including all confidential data and applications - is automatically removed. This helps ensure regulatory compliance by protecting sensitive information that could otherwise be exposed on a lost or stolen laptop.

What separates Secure Portable Office from competitive offerings are the upfront services Nortel provides to help organizations tailor solutions to their own unique requirements. This can include everything from application, security and business continuity needs assessment to network architecture and security policy consulting and solution training.

"Secure Portable Office is a prime example of the 'new Nortel'," said Dietmar Wendt, president, Global Services, Nortel. "It's about bringing services-powered solutions to bear on customer needs in a consultative fashion. It's about combining our extensive services experience and world-class products to create complete, customized solutions in virtually any industry."

Nortel Mobile Client Accelerator is a WAN acceleration software package that minimizes frustrating delays and improves efficiency by managing bandwidth and optimizing network performance. Nortel VPN Gateway uses SSL protocol to extend enterprise applications and data to remote users while protecting the network from malware attacks and loss or theft of confidential information.

About Liverpool Women's NHS Foundation Trust

Since delivering its first baby 210 years ago, Liverpool Women's Hospital has evolved into England's largest specialist women's healthcare provider. In 2007/8 the Hospital delivered 8,048 babies, operated on 11,000 women, performed over 1,000 IVF procedures for infertile couples, cared for over 1,000 preterm infants and carried out over 1,000 procedures in breast surgery.

About Nortel

Nortel is a recognized leader in delivering communications capabilities that make the promise of Business Made Simple a reality for our customers. Our next-generation technologies, for both service provider and enterprise networks, support multimedia and business-critical applications. Nortel's technologies are designed to help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people to the information they need, when they need it. Nortel does business in more than 150 countries around the world. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.

Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Nortel's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different from those contemplated in forward-looking statements. For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

(1)Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.

(2)This is a 3rd party link as described in our Web linking practices.

Contacts: Nortel Mark Buford (972) 362-1512 Email: mark.buford@nortel.com

Nortel Jody Prescott +44 (0) 1628-434190 Email: jodyp@nortel.com Website: www.nortel.com

SOURCE: Nortel

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