Nortel taps IBM for R&D assistance
Communications equipment maker Nortel Networks Corp. is set to announce on Friday plans to work with IBM on research and development, helping Nortel to cut costs and marking a victory for IBM as it pushes into contract engineering services.
Executives from Brampton, Ontario-based Nortel and IBM of Armonk, New York, said they are setting up a joint research and development center in Research Triangle Park, North Carolina, where both have large, established research operations.
Financial terms were not disclosed.
posted by Fergie @ 5/20/2005 09:05:00 AM
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