A month ago, I wondered whether a New Nortel could emerge from the ashes before it unveiled plans to sell the carrier business. Today, Network World’s Jim Duffy asks the same question based on the idea that Nortel (OTC:NRTLQ) could come back to life after paying off its creditors and debts.
One of the more interesting quotes comes from Tom Nolle, president of CIMI Corp., who suggests that:
Nortel still has a viable brand. Given that, and the fact there’s been a lot of revolutionary changes in the industry, that could create new opportunities for service provider equipment vendors. My feeling is a smart private equity or even an internal group of Nortel people could rebuild something that would in effect behave like a start-up but would have the Nortel brand associated with it.
My sense is that if Nortel was ever going to come back from the edge of extinction, it would have happened months ago. In fact, the time for Nortel to reinvent itself was before last June when the board hoisted the white flag by announcing plans to sell everything including the kitchen sink.