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.

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Thursday, July 24, 2008

Rascom Turns Up Data Capacity by Four Times Using Nortel Optical Solution

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Comtex

Jul 24, 2008 (Hugin via COMTEX) ----Increasing Network Capability Cost Effectively with Next-Generation 40G Technology

ST. PETERSBURG, RUSSIA and MOSCOW, RUSSIA--(Marketwire - July 24, 2008) - Rascom unlocks the multi-terabit capacity of their long haul optical network with Nortel's(1) (TSX: NT)(NYSE: NT) 40G Adaptive Optical Engine, allowing them to offer services at higher speeds and improved performance. This will be one of the largest data pipelines in Eastern Europe, delivering 40G connectivity among sites in Moscow, St. Petersburg, Helsinki and Stockholm.

With a simple installation of two 40G transponders per node, Rascom is able to meet increasing consumer demand for bandwidth-hungry applications such as Internet television, high-definition programming and maintain high service levels generated by rapidly growing corporate network traffic.

"We selected Nortel's 40G solution because it was timely, simple and cost-effective to do so today. Our investment in this 40G network will enable Rascom to meet the growing bandwidth demand of our customers," says Vitaly Ivanovich Kireev, general director of Rascom. "We were the first company in Russia to build SDH and DWDM fiber-optic networks and we are still a leading innovator in both the Russian and European markets."

"Some experts predict that the Internet may be swamped with traffic in a few years if operators fail to upgrade their infrastructures in advance," says Sorin Lupu, Eastern European markets leader, Nortel. "The Nortel solution delivers competitive advantage for Rascom and other innovative operators of transport networks by modernising existing optical networks quickly and cost-effectively, optimising management processes and quadrupling throughput."

With Nortel 40G Adaptive Optical Engine, Rascom has increased available bandwidth four-fold without modifying their network architecture, laying or renting new fiber. As a result, the company is avoiding many of the costs typically associated with fibre-optic network modernization.

Transponder cards incorporating the Nortel 40G Adaptive Optical Engine are deployed in the Optical Multiservice Edge (OME) 6500 and operate over a Nortel Common Photonic Layer (CPL) line system. Key advantages of the solution include:

- The ability to support data transfer rates of 40G over 10G networks

- Unique and industry-first digital signal processing technology which eliminates the need for signal compensation and lowers related capital and operating costs at 10G, 40G and 100G in the future

- The ability to transfer both 10G and 40G optical signals over distances of 2000 km without in line dispersion compensation or regeneration

Nortel's Optical Network Manager is being used by Rascom to conduct network wide administration, monitoring and planning from a single management centre at St. Petersburg. This enables rapid troubleshooting, fault resolution and traffic management with no need for technical personnel to visit individual network nodes.

About Rascom

ZAO Rascom was established on June 8th, 1993. It is currently the leading supplier of international capacity for communications operators, with its own communications facilities and structures in Moscow, St. Petersburg, the Russia-Finland border, Helsinki and Stockholm, as well as its own communications facilities in Frankfurt. The company provides communication channels and internet access and a range of integrated networking solutions in Moscow, St. Petersburg, Tver, Novgorod and other cities of the Central and Northwestern regions of Russia.

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.

Contacts: Nortel Mary Pretotto (905) 863-7777 Email: maryp@nortel.com

Nortel Victoria Tchouikova 007-(495) 544 50 00 Email: vtchouik@nortel.com Website: www.nortel.com

Rascom Inna Aleynikova 007-812 303 91 70 Email: inna@rascom.ru

SOURCE: Nortel

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