noguru1

Death Knell for Nortel?

This is really just more of the same, to be honest I'm surprised Nortel is still around.

I left the company in 2001 after the bubble burst, while Nortel was selling-off its billion-dollar acquisitions for change, remember Clarify, Architel, Preside, Periphonics etc ...? Worse than the lost funds, you could really notice that many of the best Nortel people were leaving the company during that time. The remaining staff wondered about their future rather than focusing on the business. At the time there were more than 90,000 employees ... and customers canceled or delayed contracts, already worrying about Nortel's survival ability.

I really don't see how the company can pull-off a rebirth with new restructuring ahead, but I do wish them good luck!