Comments on: Kedrosky Down on Nortel

By: Tired

Tired — Fri, 10 Oct 2008 22:51:03 +0000

Thank you. Guess it's kind of a moot point because it's not a likely scenario, but I appreciate your insight.

By: Mark Evans

Mark Evans — Fri, 10 Oct 2008 19:45:10 +0000

Not sure but I highly doubt it would involve the Canadian government taking stake in Nortel or control of the board/senior management.

One scenario could be the federal government extending/supporting credit to Nortel through a body such as Export Development Canada. Nortel has worked with EDC in the past.

Another possibility is tax breaks for companies involved in the innovation economy.

By: Tired

Tired — Fri, 10 Oct 2008 19:39:48 +0000

Mark, just curious, what would a bail-out look like in this scenario? Would it be similar to some of the recent US bailouts? Would the Canadian government take control of the board or senior management in any way? Sorry – it's a somewhat ignorant question, but I'm not familiar enough with the Canadian system to understand how such deals may play out.

By: Mark Evans

Mark Evans — Fri, 10 Oct 2008 19:17:36 +0000

Canadian finance minister Jim Flaherty suggests Canada is not going to bail out its banks so not sure it can do anything for Nortel. Then again, there are a lot of jobs in Ottawa.

By: Richard Cranium

Richard Cranium — Fri, 10 Oct 2008 19:14:50 +0000

Any discussion on the Canadian government bailing out Nortel by providing capital, or perhaps to faciltate NT going private? Save your golden child!

By: Tired

Tired — Fri, 10 Oct 2008 18:51:03 +0000

Thank you. Guess it's kind of a moot point because it's not a likely scenario, but I appreciate your insight.

By: Mark Evans

Mark Evans — Fri, 10 Oct 2008 15:45:10 +0000

By: Tired

Tired — Fri, 10 Oct 2008 15:39:48 +0000

By: Mark Evans

Mark Evans — Fri, 10 Oct 2008 15:17:36 +0000

Canadian finance minister Jim Flaherty suggests Canada is not going to bail out its banks so not sure it can do anything for Nortel. Then again, there are a lot of jobs in Ottawa.

By: Richard Cranium

Richard Cranium — Fri, 10 Oct 2008 15:14:50 +0000

Any discussion on the Canadian government bailing out Nortel by providing capital, or perhaps to faciltate NT going private? Save your golden child!