Comments on: Nortel files for bankruptcy
Telecommunications equipment maker seeks Chapter 11 bankruptcy protection as the current economic crisis exacerbates the troubled company's problems.
Telecommunications equipment maker seeks Chapter 11 bankruptcy protection as the current economic crisis exacerbates the troubled company's problems.
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- by robvme January 14, 2009 12:19 PM PST
- Chapter 11 isn't the end for this company. Too much interest in making sure that Cisco isn't the only player.
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- by gdmaclew January 14, 2009 12:36 PM PST
- Not the end?
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- by DrollTroll January 18, 2009 11:53 AM PST
- Thanks to the executives? Thanks also to the staff who were playing video games and checking out porn sites when there was work to do.
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(8 Comments)Chapter 11 means that Nortel will be broken up and sold to its competitors all of which are foreign-owned.
A sad ending to a company with a proud legacy.
Nortel is a huge employer here in Ottawa and it's the last thing that this region needs right now.
Yes, they will continue business as usual for now but it will emerge from Chapter 11 a much smaller and weaker company.
Thank you to the Executives that ran it into the ground.