Sekiur My Thoughts
Currently viewing the tag: "nortel"
Unfortunately Nortel was unable to do what it needed to do to stay in business and has filed for bankruptcy, as I noted in a post 4 months ago. Nortel Struggles Continue.
The century-old company, North America’s biggest maker of phone gear and worth about $250 billion at its peak in [...]
Nortel stocks have plummeted after they annouced lower than expected sales for 2008.
It has seen its biggest declines since 1980 according to Jonathan Ratner article “Nortel faces tough timing as peers struggling too”.
“With softening demand and increased competition, Nortel may need to once again retool and refocus as it looks [...]
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