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The matter.
This is the claim, or you may call it a speculation; brought into light by an ex-employee of one of the largest firm in Canada, which went bankrupt in 2009. Brian Shields, then a senior security advisor with Nortel for almost 2 decades, flashed that the intelligence agencies in Canada offered only a miniscule help when suspected undercover work by Chinese industry was reported to them. The allegation simply implies that the severity assessment of the problem was not done correctly by the Royal Canadian Mounted Police and the interesting thing to note here is that there is no record for this issue with them.

Boom gone bad
Nortel was literally minting money with its booming business in the heavy weight Asian region of China during the 90’s. With it’s multiplying profits from the region the management was all pro China. Little did they realize that there was a snake in the dark? It’s said that the suspected Chinese hackers who plotted this attacked that lasted for almost a decade enjoyed an unshackled access and control over Nortel’s intellectual property. They had ample of time with them and all they were waiting for was to think and understand as to what needs to be taken from the firm’s intellectual properties, which indeed, was a fortune. It’s reported that, vital documents, business expansion plans, development projects and even employee email was a part of this interception being conducted all the way from China. The snake did tighten its grasp and this is regarded as one of the reasons for downfall of the telecom giant. CSIS (Canadian Security Intelligence Service) did approach Nortel about this industry espionage, only to be turned downed by the money counting management then.

Threat discovery and the lame action.
The firm discovered about this hacking program that was ongoing for a while, only in 2004, and immediately reported to RCMP. In turn, RCMP did not supply vast resource over this matter against China. The case seems to have purged somewhere in dump as there are no records of charges. Apart from this reporting formality, Nortel hardly did anything impressive from its own security standpoint. Mr. Shields even brought the matter to attention with its senior management but was brushed off. Distinguishing and swift action to halt the disruptions would have saved the firm the position that it is in today.

Drama unfolds
It adds to the inferno; that this was unfolded from the wraps just recently after Prime Minister Stephen Harper returned from his very successful Trade trip to China, after which Huawei struck golden by formally entering the Canadian market with huge deals in network equipments. Huawei is known to have imitated Nortel’s equipment designs and openly copied it instruction manuals!

A lesson to be learnt for the future.
Downfall of such a big company was initially concluded to be due to the acquisition spree that it was in during 1995 – 2003. But with this information out in the open, it is being accepted as a fair contributor to the bankruptcy of the firm. External security advisor believes that cyber attack on Nortel for more than 10 years has an element of a well co-ordinate insider as all the vital information was gathered from one network itself. This also shows how careless Nortel was with its intellectual properties which were flying everywhere; waiting to fall into wrong hands. A lesson to be learnt from, for every company.

Apple is going through a mind blowing time since few years. It had been a great 2011 for the Apple Inc. company when it launched a array of new gadgets and devices. But also, on the other hand, it lost its most precious man of the company, Steve Jobs. Hence, Apple had to forcibly move on with new CEO and think about its next products launches. As we say, life waits for no one. Thus, Apple is all set to release its third part of iPad at the end of February.

Even though iPad has entered the market only two years back, it has proved to be a big hit among all age groups. The popularity of iPad has been remarkable. iPad can help you do everything right from sending simple emails to reading news to playing games. It is reported that many of the consumers bought iPad when it was launched, iPad2 was also bought by many of them, and now they bet, that they will surely purchase the all new iPad 3 when it releases. iPad has become an add-on in the life of all the customers who are using it.

In a survey, it was reported that, the growing rate of tablets in comparison to Smartphone is concluded to be three is to one. And still the number is climbing the ladder. This year also, it is speculated that tablets sales will be rising. Many of the projections display that people who already own one of the iPad will again buy one more tablet from Apple. It is going to increase up to 5% more.

Tablets have achieved that position, which television, radio or car took decades to attain it. It is necessary for society to be conscious about the products and services around them. Tablet is considered to be a personal device unlike car or television which can be used by anyone in the family. Obviously, you won’t let your tablet to be used by anyone and share your personal desktop with others.

iPad has made this generation to be the ME generation. There is PVR that allows you to watch television whenever you wish to. Thus, same goes with the new category. You can say tablet is a consumption of content, but it is the consumption of MY content. It’s said to be a personalized tablet that is also portable. Initially, people had a bad notion about iPad because it is a type of laptop that can’t stand on its own; a kind of iPod that can’t be stuffed into the pocket and lastly you can’t even make calls. So people thought it of no use.

This year, Intel is also going to release their tablet, Ultra book which is super thin and very light but is nothing in comparison of Apple’s Mac. But reports say that Intel’s ultra book can give a great competition to Apple’s iPad.thus, it is said that desktops will also come to end in few years. In many of the educational institutes, teachers have started using iPad as an innovative medium of teaching.

Apple has made it to the top. World’s number one company in the market of mobile phones and other smart devices and gadgets crossed the $500 limit for the first time in its entire lifetime. For the first time, Apple Inc.’s stock broke above $500 USD. The company reported that their sales and profits had been rising upwards since two weeks and their profits were also high in the holiday quarter.

Reportedly, Apple Inc.’s share went up to $503.83 when the trade market opened and the closing price was about $502.60. We can say it is almost a %9.18 or 109 percent increase in the price after it closed on Friday.

There was a race between Apple and Exxon Mobile Corp. as to who will reach the $500 position first. As both the companies were waiting to be listed as the most valuable company in the world since the mid of 2011. But due to the latest rally by Apple Inc., there had been a rise in popularity of the company as compared to the oil company.

The market capitalization of Apple Inc. is $465 billion where as Exxon’s capitalization is $400 billion. Apple posted its net income of about $13.06 billion for the last holiday quarter that came to an end in December on 24^th January, 2012. Sales have a rise in about 73 percent as compared to last year, which came about to $46.3 billion.

Many analysts had already predicated that there has been a great gap in the share price and earnings of Apple. Even before Apple declared these results, analyst had pointed out this gap. Thus, if you compare the stock price and earnings with the common methods of evaluation, the stock has to be a lot more worthy.  The Apple stock also rose up to 22% in this year.

Analysts have given a target share price for Apple as $588 on January 24^th. Also, they say that Apple has a bad policy of keeping its cash rather then dividing it as a payment in the form of dividend which is very bad for the stock. Thus, people stop themselves from investing in companies who refuse to pay dividends.

However, the people who are connected to the company are observing the company and thus expect Apple to cancel this policy and start paying off the profit in the form of dividends in this year. It is reported that the company has been discussing about how to use the cash earned by the company.

This year, Apple is going to have a brilliant year with new releases of new gadgets such as sequels of iPhone and iPad. It is also speculated that the company is also planning to move towards the Television market. This is the most amazing transformation Apple is going through after it reached above the stock price of $500. Apple is climbing up and up, like we can say, it is going higher and higher in 11 days out of 14 days.

Nokia, who was at the top of the mobile market, which ruled this industry, is now blowing a hard slap on 4000 of its employees. The phone maker has decided that it would squash off 4000 employees from its company. Thus, many of its employees are facing the axe due to this major layoff.

It is reported that Nokia announced that it will lay off a few people from different departments. Also, the employees are deeply upset and disappointed by this news as it is really difficult to find a new job and make a decent living in this new world of inflation, strikes, technology, etc. Therefore, the employees are waiting till they get their pay cheque and after that they have no idea about what the further holds in store for them.

Hungary was evaded by Nokia during the growing eras of late 1990s. Each one of us knows that Nokia has ruled the market with its varied devices and gadgets for many years. Hungary has helped Nokia to grow so much and create a lot of consumers using Nokia phones that people from the Asian and the African continent call Hungary the hub of Nokia phone.

But after globalization, East Asia has seen an increase in the rise of jobs. Also, with the innovation of new and new smart phones, there has been a considerable fall in the sales of Nokia phones. Thus, smart phones gradually dethroned Nokia from its supreme place in the world of mobile. Thus, due to this, Nokia has announced this terrible news in Komarom which has only 20000 people residing in it.

Many Slovaks migrate to Komarno everyday to the huge Nokia plant. But on Wednesday, Nokia declared that it was going to lay off 4000 people from its plant that means a half of Hungary would be jobless after layoff.

About 2300 jobs openings will be slashed off by the year end as said by the Nokia owners to their workers. This move is surely going to hurt the labor market not only of Hungary but also Slovakia from where about one third of the workers travel to reach the Nokia plant.

For now, it is sure that this big move from the Nokia is going to hit the economic output of Hungary. It is reported that the Nokia firm in Hungary had topped the sales of Nokia phones.  Analysts also say that the output of this phone maker were boosted so much that there were only few struggles to be done. Many workers said that their management told them that there are going to be layoff this year.

Thus, the workers and the employees were all prepared that many of them would be slashed off, but they are not yet clear about who will have to say goodbye to the company..

Nortel Network Corp was a very big Telcom company a few years ago. It had a big market capitalization in the Toronto stock exchange. It was as a mechanical department created for Bell Telephone company. It used to manufacture electronic and mechanical equipments.

Protection from creditors (File for Bankruptcy)
In the year 2009 on January, Nortel filed for bankruptcy. This was largely due to the global economic meltdown and the recession. This led the company shares to fall dramatically. It is very Ironic as this was a company which at one time had the largest market capitalization in the Canadian stock exchange.

The fraud case and Investigations
A recent interview with an employee of this company shed some light on illegal accounting activities that were going on in the company. The top management wanted to return to profitability as soon as they could. One of the easiest ways to do this was to manipulate their accounting records. This would give investors and shareholders confidence in the company. This would in turn return the company to profitability.

Susan Shaw shed more light on this. She was testifying in the case of Nortel chief executive officer Frank Dunn, When she was cross examined, she was able to de classify some of the internal documents of the company.

Cover up
Susan Shaw revealed that what the top management of Nortel Company did was to use accounting reserves which would swell the company’s profit. As the company returned to profitability, they were now be able to pay themselves hefty bonuses. This was what the Toronto fraud trial was trying to unearth.

Internal documents
During investigations and cross-examination by David Porters lawyer a series of internal documents showed the accrued liabilities of the company that the company was keeping in its balances. This came as the most shocking revelation to most Canadians. This was clearly revealed during Susan’s cross examination.

Turning a blind eye
It could be seen that there was a bit of a cover up as Auditors at Deloitte & Touche had a full knowledge of the company’s finances. They knew of the contentious accounting reserves in 2003. This was more plausible since the documents were recovered from them.

Electronic Tracking
Through tracking the E-mails, they showed that some documents had been prepared by Ms. Shaw who was responsible for tracking the non-operating financial accruals that the company was carrying in its books. During interrogation she confessed that there were at times some heated meetings which she usually attended. It was during one such meeting that she discovered around 189 million dollars of reserves which was not represented by any documentation.

Major Disagreements
During one of the meetings Susan revealed that sometimes it could become very rough. This is because the auditors became very insistent while interrogating the case. They questioned whether they were justified to use the reserves. They asked whether there were any business signs for them to authorize the use of reserves. Ms Shaw also explained that she felt that she lacked support from the board room about the need of keeping reserves.

Company Turn around
Through the whole case of Mr. Dunn, the company is looking for ways where by the company can have a turn around. This is especially more important on the ethics’ front. They are looking for a troubleshooter from the outside who will rebuild the company’s tainted image.

Everyone is very well aware of Research in Motion going through very bad times since the end of 2010. The company has been facing the downward pyramid after the release of their Blackberry Bold 4. The company is the operating system of the leading smart phone company. 2011 is reported to be the worst year for the Blackberry and RIM services.

RIM has been very positive about 2012 and thus, the company is taken over by a realistic and operational guy, Thorsten Heins. He is the man who has accepted the challenge to turn over the sales of Blackberry smart phones. he has tried his best to bring peace in the messed up procedure at Canada’s most watched company which was on the top most position in the world of technology.

Research in Motion had a lot of ideas along with a huge amount of innovative and creative technology on their shelves. But it is reported by some of the sources who are in close contacts with the company that the planning and manufacturing process of this massive company almost came to an end coupled with depressing and sad messages such as division in the leadership of the company. Also, it was reported that there was a great organizational confusion that forced the company to delay the launching of their products.

The huge Waterloo, Ontario based company has a very talented and skillful work force but they did not give their best, didn’t apply their ultimate potential to bring out outstanding results. Mr. Thorsten Heins has promised to make the organizational work very much flawless along with certain discipline. He believes that the product portfolio of RIM is very much on the right track but it needs a great or brilliant marketing tactic to increase the sales graph. It is said that his appointment is made to simplify the procedures of company such as easy decision making, etc.

He is very much credited for enhancing and expanding the portfolio of RIM all around the globe as an operating system for smart phones. Mr. Heins has played a vital role in positioning the company as a real player in the global market with trustworthy sources for international revenue despite facing tough competition from Apple’s iOS or even the latest Android’s operating system. According to people who are close to Mr. Heins, he works a lot to brush out the manufacturing problems. It is said that there has been no operational guy like Mr. Heins who has been tirelessly working to improve the condition of Research in Motion.

In the last week of January, RIM made its biggest shuffle in its management and the co-CEO recommended Mr. Heins name to the board. Thus, Mr. Lazaridis became the Vice-Chair of the board and it is said that he will handle the technological evolution of the RIM without poking his nose in to daily activities related to management. This duty has been officially allotted to the new CEO of the company, Mr. Thorsten Heins.

Are you a big Apple products fan? IPod, iPhone, iPad and the list just goes on. Apple has made it to the top with its innovative and high quality products. The prices of these products are set keeping in mind the quality of these products. Apple for long has been one of the largest company making telecommunication products since years. Thus, Apple is going further and has designed the all new Apple television and has entered the race of the future of television. Most of the corporate giants in Canada are battling to be at the top in the television line of future. Many companies are vying to have a partnership with Apple for the launch of Apple’s all new television that is called the iTV.

An iTV is a product that has the ability to revolutionize the art of viewing Television by turning those big but conventional television sets in to huge iPads.  Thus, companies Roger communications and BCE Inc. are negotiating with Apple Inc. to become the Canadian partner of the company to release their iTV in Canada.  While iTV is said to be a secret product and is kept under wraps since a long time. It is reported that Apple Inc has also approached some Canadian communication companies to pursue partnership in order to successfully launch their product in Canada.

Also, it is said that they are not planning to sign a deal with one company and launch their iTV but they are approaching two companies. Apple is looking out for partner who is well equipped with products related to wireless and broad bands. There is also a buzz that Roger and Bell companies already have the product in their labs. But all of these three companies denied commenting on this news. Apple was out with brilliant financial results in the month of January with their quarterly earnings of $46.3 billion in revenue and the total profit is about $13.1 billion.

Television is the only area where Apple has to make its place and there are rumors that this product by Apple is going to replace those conventional televisions with gigantic iPad screens. It is also reported that the all new Apple iTV also posses its very popular app Siri, its voice recognition software to help users view their favorite programes with no difficulty. This will let viewers control their iTV with their voices and hand gestures comfortably sitting on their couch.

The television will also have an on-screen keyboard and will also allow users to surf the web using their iTV, enjoy those video chats and log on to social media sites such as face book and twitter, everything without moving left or right. Analysts also say that this Apple’s iTV will also prove to be a great gaming platform for all the gamers. They also say that Apple is in a perfect position to acquire great partnerships in various countries to release their product. It is believed to be offered to AT&T and Verizon in United States of America and Canadian companies like Roger and Bell.