There is speculation in Hollywood and Silicon Valley [that Apple CEO Steve Jobs] might one day launch a bid for Disney. The idea is not as outlandish as it might seem. Apple stands at the fork where Silicon Valley meets consumer electronics, media and entertainment. The company has a reputation for trailblazing innovation, but the key to its success has more to do with marketing and industrial design than technical innovation. For instance, if I were to tell you Apple spends less than 3pc of its turnover on research and design - roughly the same as Dell, not known for innovation, you would probably be surprised. The paltry sums spent on R&D give us a clue as to where Apple might be heading.
This is another milestone for Nortel as we continue to demonstrate our commitment to expand in Asia. To be a global communications provider, it is imperative for us to expand our market share and compete in Asia. South Korea is known for its advanced and trailblazing technology in communications. Our relationship with LG better positions Nortel in the dynamic and growing Asia market, expedite research and development, and benefit our global customers. Nortel is clearly playing to win.