spiresecurity.

The proposal, including any supporting statement, must not
exceed 500 words.

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TraceSecurity Offers Webcast Entitled 'Guiding Principles to Cost-Effective Security Compliance Management'

tracesecurity.jsp?meetingID=435 .uita. "Utah State is doing an impressive job of fostering technologies and
inventions, and this event will not only educate attendees about Internet
marketing but also acquaint them with USU's Innovation Campus.
$2,000, or the United States dollar equivalent, and must have
continuously held such shares for at least six months prior to
the date of submission of the proposal.

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"

About Spire Security
Spire Security, LLC conducts market research and analysis of information
security issues and requirements. Over 150 global enterprises in the financial services, insurance,
healthcare, government , manufacturing and services industries rely on
TraceSecurity to continually monitor and improve the computer security of
their companies.

Media Contacts:
David Splivalo/Mark Coker
Dovetail Public Relations
http://www.com
david@dovetailpr.edu/innovationcampus .

The Company will review all proposals made by eligible
shareholders to determine whether they will be included in the
Company's proxy materials for the Meeting.

Nortel, the Nortel logo and the Globemark are trademarks of
Nortel.

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The webcast will be held on Thursday, May 19 at 1 p. PDT.
Guba will present webcast attendees a checklist of the seven secrets to
security compliance management, based upon TraceSecurity's experience helping
over 150 customer organizations achieve security compliance with the growing
number of state, federal, international and industry -specific security
compliance regulations. at Utah State University's Innovation Campus, Building 1747 North
Research Parkway (500 East 1800 North).
Factors which could cause results or events to differ from current
expectations include, among other things: the outcome of regulatory
and criminal investigations and civil litigation actions related to
Nortel's restatements and the impact any resulting legal judgments,
settlements, penalties and expenses could have on Nortel's results of
operations, financial condition and liquidity; the findings of
Nortel's independent review and implementation of recommended remedial
measures; the outcome of the independent review with respect to
revenues for specific identified transactions, which review will have
a particular emphasis on the underlying conduct that led to the
initial recognition of these revenues; the restatement or revisions of
Nortel's previously announced or filed financial results and resulting
negative publicity; the existence of material weaknesses in Nortel's
internal controls over financial reporting; the impact of Nortel's and
NNL's failure to timely file their financial statements and related
periodic reports, including breach of its support facility and public
debt obligations and Nortel's inability to access its shelf
registration statement filed with the United States Securities and
Exchange Commission ("SEC"); ongoing SEC reviews, which may result in
changes to our public filings; the potential delisting or suspension
of Nortel's and NNL's publicly traded securities; the impact of
management changes, including the termination for cause of Nortel's
former CEO, CFO and Controller in April 2004; the sufficiency of
Nortel's restructuring activities, including the work plan announced
on August 19, 2004 as updated on September 30, 2004, including the
potential for higher actual costs to be incurred in connection with
restructuring actions compared to the estimated costs of such actions;
cautious or reduced spending by Nortel's customers; fluctuations
in Nortel's operating results and general industry, economic and
market conditions and growth rates; fluctuations in Nortel's cash
flow, level of outstanding debt and current debt ratings; Nortel's
ability to recruit and retain qualified employees; the use of cash
collateral to support Nortel's normal course business activities; the
dependence on Nortel's subsidiaries for funding; the impact of
Nortel's defined benefit plans and deferred tax assets on results of
operations and Nortel's cash flow; the adverse resolution of class
actions, litigation in the ordinary course of business, intellectual
property disputes and similar matters; Nortel's dependence on new
product development and its ability to predict market demand for
particular products; Nortel's ability to integrate the operations and
technologies of acquired businesses in an effective manner; the impact
of rapid technological and market change; the impact of price and
product competition; barriers to international growth and global
economic conditions, particularly in emerging markets and including
interest rate and currency exchange rate fluctuations; the impact of
rationalization in the telecommunications industry; changes in
regulation of the Internet; the impact of the credit risks of Nortel's
customers and the impact of customer financing and commitments; stock
market volatility generally and as a result of acceleration of the
settlement date or early settlement, which is currently not available,
of Nortel's forward purchase contracts; the impact of Nortel's supply
and outsourcing contracts that contain delivery and installation
provisions, which, if not met, could result in the payment of
substantial penalties or liquidated damages; and the future success of
Nortel's strategic alliances.

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"This webcast will provide attendees actionable advice that will help them
develop more robust and effective security compliance strategies," explains
Lindstrom.
Our TraceSecurity Compliance Manager(TM) software provides organizations an
automated system for monitoring and achieving compliance. Serving both service provider and enterprise customers,
Nortel delivers innovative technology solutions encompassing
end-to-end broadband, Voice over IP, multimedia services and
applications, and wireless broadband designed to help people solve the
world's greatest challenges.

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com .uita. Nortel does business in more than 150
countries .
The results or events predicted in these statements may differ
materially from actual results or events.

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esecurelive. The software helps
organizations isolate and remediate vulnerabilities , provides continuous
education to employees of policies and procedures, and generates detailed,
industry -specific reports that demonstrate compliance to an organization's
board of directors and regulatory authorities. TraceSecurity's products and services include on-demand
vulnerability and compliance assessment software, social engineering audits,
comprehensive security assessments and security strategy consulting.
Headquartered in Baton Rouge, Louisiana, TraceSecurity maintains offices in
Houston , Texas, San Diego, California, and Portland, Oregon. To register, visit
http://www.

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BATON ROUGE , La. "As we've seen from recent security snafus, organizations risk
severe damage to their businesses and reputations if their compliance
practices fall short.m.
As Utah's premier professional organization for technology companies, UITA
exists to form closer relationships with industry and community leaders,
develop superior management talent, sharpen professional skills and help gain
access to capital.

resonates segmenting

com/ .

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, TraceSecurity, a leading provider
of on-demand security compliance software and services, today announced that
it will host a webcast on Thursday, May 19, entitled , "The Seven Guiding
Principles to Cost-Effective Security Compliance Management.tracesecurity. If the Company intends to
omit a proposal, which it may do in certain circumstances prescribed
under applicable law, it will notify the proposer of such intention
and the reasons for doing so.

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SALT LAKE CITY, A seminar titled "The Effect of
the Internet on Marketing" will be presented Wednesday , May 11, from 10 to
11:30 a.org/usu. Failure to do so may result in the exclusion of the
proposal from the Company's proxy materials. For more information, visit Nortel on the Web at
www .

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About TraceSecurity
Privately-held TraceSecurity is a leading provider of on-demand security
compliance software and services."
Richins has 17 years of experience in marketing and communications in the
technology sector. He is former vice president of worldwide marketing for
Overland Storage, where he directed a total brand and identity revitalization
program.

Utah State University's Innovation Campus provides an effective working
environment to conduct knowledge-based research for state-of-the-art
technology enterprises, research institutes and laboratories . If the
Company chooses to do so, it may include a statement supporting or
opposing the proposal and the reasons why the Company recommends
voting for or against the proposal in its proxy materials for the
Meeting.
The Company received an order from the Ontario Superior Court of
Justice extending the time for calling the Company's 2004 annual
meeting of shareholders to a date no later than June 30, 2005.

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com/jsp/sessionDetail.
"This event will be of particular interest to entrepreneurs and inventors
in the high-tech and high-growth arena," said Richard Nelson, UITA's president
and CEO . Before that, he served in marketing-related management positions
with Novell, Brodeur Worldwide and WordPerfect Corporation.

The proposal must be accompanied by (i) the name and address
of the proposer and, if applicable, the name and address of
each other shareholder who is to be included as a supporter of
the proposal, (ii) the number of common shares of the Company
owned by the proposer and, if applicable, by the supporting
shareholders and (iii) the date the shares were acquired by
the proposer and, if applicable, the supporting shareholders.nortel.

krumm odden

Spire provides clarity and practical
security advice based on its "Four Disciplines of Security Management," an
operational security model that encompasses identity management, trust
management, threat management, and vulnerability management.dovetailpr.com
408-395-3600

The proposer will
then have 21 days from the date of receipt of the Company's
notification to prove eligibility or remedy any procedural
defects.

For marketing firms that focus on technology businesses.

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Attendees can register at http://www."
"Security compliance management isn't just about throwing technology at
the problem," says Guba. Spire's
objective is to help define and refine enterprise security strategies by
determining the best way to deploy policies, people, process, and platforms in
support of an enterprise security management solution . (Eastern Standard Time)
on March 31, 2005, provided that the following procedural and
eligibility requirements are satisfied.

About Nortel

Nortel is a recognized leader in delivering communications
capabilities that enhance the human experience, ignite and power
global commerce, and secure and protect the world's most critical
information.

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" The webcast,
intended for IT professionals, compliance officers and chief security
officers, will feature informative presentations from Peter Lindstrom ,
research director at computer security consultancy, Spire Security, and Rob
Guba, chief scientist of TraceSecurity. The Innovation
Campus is home to more than 50 research and development companies .

Eligibility and Procedural Requirements for Shareholder Proposals

The proposal must be addressed to the Corporate Secretary,
Nortel Networks Corporation, 8200 Dixie Road, Suite 100,
Brampton, Ontario, Canada L6T 5P6.

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The event is free to members of UITA and the Cache Valley Chamber
and $10 for others.org.

Nortel Networks Corporation Shareholder Proposals

g.

If the Company believes that a proposer has not satisfied any
of these eligibility or procedural requirements in accordance
with applicable law, the Company will notify the proposer
within 14 days of receiving the proposal.

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m.
For additional information with respect to certain of these and
other factors, see the most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q filed by Nortel with the SEC.

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m. Spire Security can be
reached on the Web at http://www. The company can
be reached by phone at 225-612-2121 or on the Web at
http://www.com /mark@dovetailpr. Sponsored by the Utah Information
Technology Association (UITA) and Utah State University Innovation Campus, the
event will feature Darin Richins, managing director of Utah-based Sprout
Marketing. Brent Miller,
vice president of research, and Scott Hinton, dean of the College of
Engineering, are both UITA trustees.

Proposers and, if applicable, supporting shareholders, whose
common shares of the Company are beneficially held indirectly
through another person or entity (e. Unless
otherwise required by applicable securities laws , Nortel disclaims any
intention or obligation to update or revise any forward-looking
statements , whether as a result of new information, future events or
otherwise.

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Security compliance management , if implemented
properly, increases the overall security posture of a company.

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EDT, 10 a. The company 's patent-pending enterprise
software helps customers satisfy national and international data security
compliance requirements mandated by such regulations as Sarbanes-Oxley, GLBA
and HIPAA.

The shareholder submitting the proposal, either alone or
together with any supporting shareholders , or the supporting
shareholders together without the proposer, must be the
beneficial or registered holder of common shares of the
Company having an aggregate market value of at least Cdn. Alternatively, a proposer (and/or any supporting
shareholder) who has filed a Schedule 13D, Schedule 13G, Form
3, Form 4 and/or Form 5 with the United States Securities and
Exchange Commission reflecting ownership of such shares as of
or before the date on which the six-month eligibility period
begins, may submit copies of such forms and any subsequent
amendments reporting a change in ownership level, together
with a written statement that the proposer (or, if applicable,
supporting shareholder) has held the required number of shares
continuously for six months as of the date the proposal is
submitted to the Company. The
Company plans to hold the combined 2004/2005 annual meeting of
shareholders as soon as reasonably possible within the extended time
period granted by the Court.

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Lindstrom will discuss compliance management issues, trends in compliance
management , and provide recommendations on how to allocate organizational
resources to proactively address current and future security threats. For more
information, visit http://www.
The Company will consider a shareholder's proposal for inclusion
in its proxy materials for the Meeting if the Company receives the
proposal in writing, no later than 5:00 p. For this
purpose, the Company will accept a written statement from the
registered holder of the shares verifying the number of shares
the proposer and each of the supporting shareholders, if
applicable, beneficially owns and the date such shares were
acquired.com/news

Certain information included in this press release is
forward-looking and is subject to important risks and uncertainties.

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com or
http://www.

UITA Hosts Event at Utah State University

Light refreshments will be served. For more information, visit http://www.usu.

Business Editors/Technology Writers

TORONTO ----Nortel Networks
Corporation (NYSE:NT)(TSX:NT) announced today that in connection with
its planned combined 2004/2005 annual meeting of shareholders to be
held this year following the filing of the Company's 2004 audited
financial statements (the "Meeting"), eligible shareholders of the
Company may propose matters for a vote by the Company's shareholders
at the Meeting.
Shareholder proposals that are accepted must be presented by the
proposer or a representative of the proposer at the Meeting .

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"As we'll share in the webcast, security compliance
management includes policies, procedures and education, as well as technology. The Company is publishing today certain eligibility
and procedural requirements in order to assist shareholders in
understanding the requirements of applicable law and expedite the
timely submission and processing of shareholder proposals.m., a broker or a bank in
whose name such shares are registered) must provide to the
Company proof of beneficial ownership of the shares.

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