Tuesday, April 28, 2009

Downfall of Nortel

It is true, what brought Nortel down was senior mgmt. And here they are trying to recover Nortel but really they don't want to save Nortel rather than sell Nortel pieces. These people should be removed from their positions on power. They put the final nail in the coffin by declaring bankruptcy and now no buyer will touch them and they are losing out big. Meanwhile their technology arm is still great but with bad mgmt that will all be for naught.