Comments on: Updated: Nortel Is Bankrupt, More Layoffs Coming

By: What’s Left of Nortel Today? – GigaOM

What’s Left of Nortel Today? – GigaOM — Wed, 30 Dec 2009 17:26:27 +0000

[...] buy for the metro Ethernet assets of Canadian telecommunications company Nortel, bringing the company’s year-long dismemberment through the bankruptcy courts closer to the end. According to a Nortel spokeswoman, [...]

By: VM

VM — Wed, 19 Aug 2009 12:38:54 +0000

My experience in working with other vendor / management teams has been that once the cut backs are done and the company settles down, there is likely some good that can be derived from the company besides just profits. It takes a special leader to be able to balance the needs to drive profits with the satisfaction of a group of highly technical employees who see their work as a lot more than a vehicle to maximize ROI, and this group has these types of employees. It will be interesting to watch and learn what happens.

By: Nortel CEO Quits

Nortel CEO Quits — Mon, 10 Aug 2009 22:35:12 +0000

[...] Om Malik | Monday, August 10, 2009 | 3:34 PM PT | 0 comments Nortel Networks, the bankrupt telecom equipment maker, which is in the process of dismembering itself and selling off its pieces says that the President [...]

By: Why BlackBerry Maker RIM Wants to Buy Nortel’s Wireless Biz

Why BlackBerry Maker RIM Wants to Buy Nortel’s Wireless Biz — Fri, 24 Jul 2009 20:56:46 +0000

[...] who set it on a downward spiral during the telecom bubble, Nortel was never able to recover. It filed for bankruptcy protection in January, then moved to hive off its pieces — and that’s when the vultures appeared. (Related [...]

By: DA Durban

DA Durban — Tue, 16 Jun 2009 01:54:40 +0000

Victor Blake u hit it right on the Head! Thats NT fault for not being more flexable and change with the times! Cheers to u Victor Blake u should have been the CEO u would have done alot better!
peace
Da Durban Senior Field Communitions Data & Voice Tech. E.N.S Comunications

By: jjray

jjray — Fri, 17 Apr 2009 23:39:29 +0000

I agree with Jukka’s point about Nortel’s bad business decisions being the driving force behind this bankruptcy but I don’t think we can divorce it from the business climate. Warren Buffet said when the tide goes out we get to see who has been skinny dipping. Inefficient companies can survive in good times but suffer disproportionately vis a vis their leaner competition in bad times.

By: Nortel Won’t Be Coming Back from Bankruptcy

Nortel Won’t Be Coming Back from Bankruptcy — Thu, 09 Apr 2009 15:06:45 +0000

[...] at Nortel, which filed for bankruptcy back in January, had said the company planned to emerge from bankruptcy, but as the process continues that scenario [...]

By: Nortel Keeps Market Guessing, Will It Sell or Slim Down?

Nortel Keeps Market Guessing, Will It Sell or Slim Down? — Thu, 12 Mar 2009 14:22:59 +0000

[...] which filed for bankruptcy in January, may also sell its enterprise business, and it already has signed an agreement to sell its wireless [...]

By: Nortel to Cut 3,200 More Workers

Nortel to Cut 3,200 More Workers — Wed, 25 Feb 2009 16:30:30 +0000

[...] the coming months — bringing its total workforce down to 25,000. The Canadian company, which filed for bankruptcy in January, said last November that it would cut 1,300 employees — and that was on top of a [...]

By: Let The Nortel Breakup Begin

Let The Nortel Breakup Begin — Fri, 20 Feb 2009 14:29:18 +0000

[...] Venture firms are investing in the space, and it looks like Radware would like to as well. Because Nortel filed for bankruptcy protection earlier this year, any deal would have to go through the bankruptcy court approval process. [...]