Industryobserver

Nortel: Still Waiting For Mike Z. To Deliver

They keep on missing the mark. Revenues down from $30B to $10B. No profit to speak of in 4 years. The only product that generates measurable revenue (CDMA RF gear) is old technology with no medium/long-term future. A continual stream of layoffs that constantly distracts from execution of corporate turn around plans (not to mention a huge morale killer). Inadequate cash for R&D to build a future product offering. Poor product distribution plan. Giants like Cisco with none of the afore mentioned Nortel problems plaguing them.

Seriously. Moses coming down from the mountain couldn’t rescue this company.