Nortel Woes Update
Sue cut his target price on Nortel's stock to zero -- yup, $0.00 -- and suggested that bankruptcy is a "distinct possibility." Read this Reuters report for more details.
Nortel's share price currently stands at $0.62, down 20 percent today. During the past year the vendor's share price has been as high as $19.42 and as low as $0.52.
— Ray Le Maistre, International News Editor, Light Reading