Nortel Files for Bankruptcy

focus on customers not on products!

Just the beginning. The American public will be cautious about future investing. I expect a huge rally some year in the future but the financial planners will be met with more skepticism.

What do you expect......Few like it....good product that only few wanted it..............It is a battle of the Giants.......One down......Anymore.........The Giants becaming few in the end only profitable will survive........Good for the remaining giants...........

Just one bankruptcy of many to come. The details in each case aren’t especially significant at this point. It’s just the way the tide is flowing.

Nortel will be asking for BAIL OUT money too. This is BUSH BAIL OUT MONEY to the BANKS! I just read today 1/14/09 on CNN that Bank of America got *(ANOTHER)* $10 billion in TARP funds that were originally meant for Merrill Lynch. Treasury invests an additional $4.8 billion in other banks. The REAL question here is, why is the TREASURY DEPARTMENT HIDING what they are doing with the MONEY??? This is under **(BUSH)*** administration. **(HENRY PAULSON)** has been giving out BAIL out money and NOT telling EVERYTHING he is doing!

Serves them right they managed the work force badly, I was laid off from them when they were still Periphonics and at that time the management says that stock prices would soar the employees listened and invested heavy and they lost everything.

thats the end of the big Giant , they never focoused on customers and bad management !!!! C'est la vie

thats the end of the big Giant , they never focoused on customers and bad management !!!! C'est la vie

Bail out? they are a Canadian Company!!!

They had a company in Bohemia, NY

Many companes have solutions looking for a problem. The general public is not enamored with technology. They will select a simple and low cost solution for their needs and not a fancy expensive one that is beyond their technical skills to operate.

Strategic move, filing for bankruptcy in the US and have a better chance of surviving. Why file in Canada when you can probably get the American taxpayer to bail you out.

John Roth's legacy continues. I worked for Nortel when middle management was really good and upper management was driving the company into the ground. If you want to point a finger, John Roth is a good target!

It's a Canadian company, they can't be bailed out you jerks

The government is not going to bail out a technology company as it does not have a significant impact on credit markets and/or mission critical resources. They will get eaten up by Cisco or someone like that.

While it's true that companies are looking for bailouts, why don't we look a little deeper? The American public has been holding out their hands for years. Can't make your payments, file bankruptcy. Lose your job, go on un-employement. Don't want to work, file for assistance. Looking for quick cash, file a frivolous lawsuit. Don't want responsibility for your own actions; expect the government to take care of it for you. It's so easy to sit back and point fingers, but it’s about time people realized that the problem is much bigger than "the Bush Administration" or "Greedy Companies". Wake up America.

I also worked for Nortel and It was the upper management the screwed upt the stock price whre i lost around 50,000 when they made millions.It wasnt just John Roth it was Frank Dunn and the rest. By the way what ever happen to the charges that the SEC filed against these people?

They are a Canadian company. Their Bankruptcy judge issued is order from Ontario.

Nortel is global company whose headquarters/legacy is as Canada's AT&T. Uncle Sam isn't bailing them out. Bailing out Nortel just means saving the jobs of engineers in India and China. The North American work force is principally sales, support and process wienies. Also, Nortel isn't gone, this just affords them the runway to clean up the mess left from the lack of business knowledge that the old guard (pre-Zafirovski) left behind. If your living on a Nortel pension, I'd learn to ask - "would you like fries with that"?

I'm not surprised NT is in its death throes. Under Roth, they grossly overpaid for a number of takeovers, and the chickens are finally coming home to roost. Of course, Mr. Roth, bless his soul, had impeccable timing, and did just fine for himself upon leaving NT, no surprise there, eh? A number of his successors fared much worse, and had to be turfed. Why am I getting the impression that Corporate leadership in Canada and the USA has just sucked this last decade: Enron, Worldcom, Fannie Mae, Freddie Mac, Nortel......who's next?