CEO Bill Owens regrets Nortel's exit from the DSL market, one of telecom's major growth areas, he told a European press conference today. Owens said: "I wish we had been there for DSL. We made a decision not to stay, and I'm sorry we missed it, though we didn't miss others," he added.

Nortel decided to exit the DSL business in 2001 -- now it's one of the hottest markets in telecom as the world goes broadband crazy.

Clearly, Nortel executives wish they had DSL gear as part of their armory. "Would I like to have an IP DSLAM? That's a 'Yes,' " says Peter Newcombe, president of Nortel's optical and wireline business in EMEA.

Source: »www.lightreading.com/document.as···eptfin_1