inventor61

Nortel News: Rethinking Bay Networks Acquisition, Delisting Threat

I came through the SynOptics -> Bay Networks -> Nortel route and saw the whole thing unfurl over a span of just a few years. I should write a book! What an enormous gathering of top talent and enthusiasm, squandered and decimated. The company was killed when they had to get rid of 2/3rds of the employee base in 2001. No company can survive that, no matter how much 'dead weight' the claim was they were carrying. Nortel has been a corpse since then. Exiting businesses before their 'replacements' were on-line and generating cash is unwise at best, and look what happened at worst. Just terribly sad, how a 100++ year old company known for innovation and success can be wrecked in just 10% of that time.