|Sep 1998||Company changes name to Nortel Networks from Northern Telecom.|
|Jul, 2000||Stock reaches a high of C$124.5, giving Nortel a market cap of more than $250 billion.|
|Oct, 2000||Stock drops about 20% after company misses revenue target.|
|Nov, 2000||CFO Frank Dunn promoted CEO, succeeding John Roth|
|Feb, 2001||Issues profit and earnings warning and cutting 10,000 employees. The warning triggers a 33% drop in its stock.|
|May 29, 2002||Announces plans to cut 3,500 jobs and sell more assets.|
|Jul 17, 2002||Appoints Douglas Beatty as new CFO.|
|Oct 23, 2003|
Reports a quarterly profit, but says it will restate its financial results going back to 2000.
|Jan 29, 2004||Announces net earning of $732 million for 2003 - first annual profit since 1997.|
|Mar 15, 2004|
Delays audited financials for 2003, discloses it may further. restate prior results.
|Apr 5, 2004||SEC launches investigation into Nortel's accounting.|
|Apr 28, 2004||Fires CEO Frank Dunn, CFO Douglas Beatty and corporate controller Michael Gollogly. William Owens becomes new president and CEO.|
|Jun 29, 2004||Sells manufacturing operations and activities to Flextronics.|
|Aug 16, 2004|
Royal Canadian Mounted Police announces criminal probe into Nortel's accounting.
|Sep 30, 2004||Cuts 3,250 jobs and vacates offices worldwide.|
|Jan 11, 2005|
Restates its results, appoints chief ethnics and compliance officer and says 12 senior executives will voluntarily repay $8.6 million of bonuses.
|Sep, 2005||Delays 2003 audited results to end of October, the first of several delays.|
|Oct 17, 2005||Appoints former Motorola executive Mike Zafirovski to replace Owen as president and CEO.|
|Feb 8, 2006||Agrees to pay $2.5 billion in cash and stock to settle shareholders' class action lawsuit over accounting scandal.|
|Sep, 2006||Sells 3G/UMTS business to Alcatel for $320 million, transfers 1700 jobs.|
|Feb 7, 2007||Announces restructuring, to cut another 2,900 jobs globally in 2007 and 2008 and to shift 1000 positions to lower-cost locations.|
|Mar 14, 2007||SEC files civil charges against four former Nortel executives, including ex-CEO Frank Dunn. Ontario Securities Commission alleges misconduct and negligence.|
|Oct 15, 2007||Pays $35 million to settle civil fraud charges filed by the Securities and Exchange Commission.|
|June 11, 2008||Nortel and Alvarion form a Wimax joint venture.|
|June 19, 2008||Royal Canadian Mounted Police charges ex-CEO Frank Dunn, ex-CFO Douglas Beatty and former corporate controller Michael Gollogly with criminal fraud related to their activities in 2002 and 2003.|
|Nov 10, 2008||Nortel posts a third-quarter loss of $3.41 billion and announces plan to slash 1,300 more jobs.|
|Jan 14, 2009||Files for Chapter 11 bankruptcy protection in the US|
|Jan 29, 2009||Exits mobile Wimax business and discontinues joint venture with Alvarion|
|Feb 25, 2009||Cuts 3,200 jobs worldwide.|
|May 11, 2009||Widens Q1 loss to $507m as revenue drops 37%|
|May 27, 2009||Seeks buyer for stake in the LG-Nortel joint venture.|
|June 19, 2009|
Enters into a "stalking horse" asset sale agreement with Nokia Siemens Networks for the sale of its CDMA business and LTE access assets for $650m.
|June 28, 2009||Creditors and suppliers file objections to Nortel's sale of wireless assets to NSN.|
|July 20, 2009||Agrees to sell enterprise solutions business to Avaya for $475m.|
|July 25, 2009||Selects Ericsson as successful bidder for CDMA business and LTE access assets|
24 Jul 2009