Nortel's New Year

2:05 PM -- Today we posted a monster report, The Decline & Fall of Nortel Networks, that retraces nearly a decade's worth of Nortel headlines to, if nothing else, give readers a sense of how that company's ride has been somehow more turbulent and troubling than the telecom industry itself.

Meanwhile, you'd think Nortel would have a lot to say about their current scenario, but Nortel's execs have turned down our requests for interviews, saying that they're too busy talking to customers to take media appointments.

They have, however, posted a microsite to keep all the filings in one place for easy gawking. I guess it's well enough that the execs aren't talking. I can't imagine what kind of commentary they could possibly add to some of those numbers.

Lucky for us, the rank and file at Nortel do talk, and they insist that there's a constant disconnect between Nortel's culture and its business. Nortel builds great products and it's a fine place to work, they say, it's just that they're snake-bitten with scandal and bad news.

One Nortel jobber put it this way: "The worst part of working for Nortel is the outside perception... I can only imagine how things would be if we weren't burdened by the baggage from the past eight years, if we were judged on the things we do today."

We'd love to hear the good news, of course. The market thinks Nortel is worth only 1.6 percent of its annual revenues, so we wonder: Is there a silver lining this time around?

— Phil Harvey, Editor, Light Reading

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