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Stevery 12/5/2012 | 4:02:18 PM
re: Nortel: It's All Up for Sale

Damn.&nbsp; There goes my big conspiracy theories about The Great Reach of Nortel PR.

desiEngineer 12/5/2012 | 4:02:18 PM
re: Nortel: It's All Up for Sale

Equivalate is appropriate here.&nbsp; I mean , Dubya had to invent words to underline unusual situations.&nbsp; Let's not ambivalate here.



jepbjr 12/5/2012 | 4:02:17 PM
re: Nortel: It's All Up for Sale

Loved, it, thank you.&nbsp;

Stevery 12/5/2012 | 4:02:17 PM
re: Nortel: It's All Up for Sale


And I do care about the OED, but maybe I'm the last one left.&nbsp; Need to hold fast to the last shreds of authority in the wiki age.

If you have not already read "The Professor and the Madman", I think you will enjoy it.

@desi:&nbsp; Comparing me to W? Ouch.&nbsp; DId I really deserve that?

inauniversefarfaraway 12/5/2012 | 4:02:15 PM
re: Nortel: It's All Up for Sale


Well, a judge would give Nortel executives bonuses, no this cat.&nbsp;You will appreciate that I consider myself part of a majority of human beings instead of the elitists at Nortel.&nbsp;According to Nortel metrics success is a very, very strange thing indeed! Once again, Nortel could have done a lot of good and it didn't. It had more than enough money to do anything and blew it big time.

After blowing a 10 or 20 billion dollar company away, you are suggesting they should be given a crack at a 100 billion dollar company? Maybe they can blow that away too! We can see if these earnest idiots have learned from their mistakes.

It is not just about past misdeeds, rather, it is a continuum of bad and very bad&nbsp; and even worse behavior. Life is so skewed at Nortel, they must be able to contrive anything out of nothing at all. Nortel and it's officers parobably see what they are doing in a positive light, it is probably&nbsp;everybody else out there that is in the wrong.

The good news is that it will all be over soon. Creditors are now faced with the grim reality of the actual value of Nortel and it's parts,&nbsp;instead of what the soothsaying buffoons at Nortel have been saying. They've got a piece of coal in their hands, there are no crown jewels here, only family jewels... They must be getting tired of taking it up the (you may know this word).

We're serving crow tonight and there are vast stores of it.

The question that interests me is why Nortel decided to terminate life insurance benefits on the day of termination instead of the more customary lapse at the end of the month, did they think all these folks were going to do something desperate? ;-) We'll never really know. Surely they'll profess saving a couple of dollars and that jurisprudence forced them to do it. It is that kind of gesture that is telling about the species that lurks in this company.

Thank you again for the laughs, there are more coming. Serve it up!

abashford 12/5/2012 | 4:02:13 PM
re: Nortel: It's All Up for Sale

Nortel is FAR from the only company, tech company or even telecom company that is in, or has recently been in, dire straights financially.

So you think there is something unique about Nortel? &nbsp;Care to highlight the specific mistakes that "these elitists" have made that you would (as an armchair quarterback) have made differently? &nbsp;Or was it just that they let you go?

It appears to me that Nortel (and Lucent, and Marconi, and Motorola, and...) were not nimble or aware enough to adapt to a rapidly changing marketplace and the strong competition posed by Asian vendors. &nbsp;This looks an awful lot like GM, Chrysler, etc. who are just now having to pay the piper for not changing fast enough. &nbsp;They were the weakest of the herd, and when the credit crisis hit, they were in the cross-hairs.

This appears to be more of a case of "Who moved my cheese?"

I am not going to defend the Nortel leadership, they can do that, all I know is that the more I dig into any apparent 'bad' mistake made by a large company, there is usually some sound rationale behind it, not just the stupidity, malevolence and greed that you contend.

If it were true, then perhaps we should revert to communism? &nbsp;I am sure that would work.

jepovic 12/5/2012 | 4:02:11 PM
re: Nortel: It's All Up for Sale

How can you compare Nortel with Ericsson? A bankrupt company vs the market leader? Motorola was never strong in the first place, while Nortel was one of the biggest not too many years ago. Nokia is doing ok, and Alcatel was fine until they swallowed the Lucent suicide pill.

The only company with comparably awful performance is Lucent. At least Russo manged to sell it before its total collapse.

Lucent and Nortel are two of the most mismanaged companies of this decade. Yes, it's tough for everyone right now, but these two have been losing money through good times as well.

abashford 12/5/2012 | 4:02:10 PM
re: Nortel: It's All Up for Sale

Thanks for catching my goof... I had meant to say Marconi, not Ericsson.

chalon 12/5/2012 | 4:02:09 PM
re: Nortel: It's All Up for Sale

Does anyone know if this impacts companies like BNT who spun out of Nortel?&nbsp; Are there hooks still into NOrtel that impact Blade operations?

bollocks187 12/5/2012 | 4:02:09 PM
re: Nortel: It's All Up for Sale Here are some of the main reasons for the demise at this companies:

1) Too much process - everyone has a say even if they dont know what they are saying
2) Management = Polticians versus Industry Leaders
3) Mediocracy rules over Meritocracy
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