W.A.

Nortel's Upside Potential

I worked for Nortel for just over 22 years before getting laid off during the dot com melt down in 2001. Nortel's main failing is extremely bad management. Over the last seven years the lousy management team has let the hard workers and those who they see as a threat go to maintain their positions. I give Nortel at most a year before they're in receivership. The real losers in all this are the retirees. Their pensions and medical benefits are going to be severly impacted by all this.