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Kedrosky Down on Nortel
By Mark Evans | October 9, 2008
Paul Kedrosky, a venture capitalist and well-known business pundit, believes the telecom equipment market is heading for even more difficult times because many of its customers (e.g. carriers) are going to badly hampered by the credit crisis.
Carriers “can’t afford to build out because the availability of credit isn’t what it once was,” he said during an interview on Yahoo Finance’s Tech|Ticker.
When asked about consolidation within the industry, Kedrosky said it has to happen given the market’s dynamic and that “Nortel doesn’t make it out of this cycle alive”.
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