Avdude15

What is Nortel’s Investment Thesis?

What happened to Nortel's data business? Back in 98 they bought Bay Networks for $9 B giving them 16% market share in the high end router market and 37% share in layer 3 switching. Later they bought Alteon for $8B giving them 40+% share in layer 4-7.

They don't seem to have updated their high-end routers since 2000 or their layer 4-7 switches since 2001. Market share in both markets seems to be in single digits and dropping. Are they dropping out of data all together?