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Friday, April 4, 2008
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China Wins As Nortel Revamps R&D
 Nortel is reorganizing its 12,000-person, $1.7 billion R&D operations worldwide after admitting it has been wasting nearly 50 percent of its R&D budget on "late- lifecycle products." This restructure will elevate its China R&D unit to a level second only to company headquarters in Ottawa, Canada...
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