Nortel in the NYT

By Mark Evans | Published: December 8, 2008

The New York Times has a story looking at how the volatile economic conditions are forcing many companies to reduce costs. Nortel spokesman Mohammed Nakhooda is quoted:

“This current environment requires action, and that’s what we’re doing,” he said, adding that “It’s tough but it’s necessary. The business environment has obviously changed pretty drastically over a short period of time.”

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  • exnt

    motherhood statements….if this is the best quote a nortel “spokesman” can come up with..they may want to give him some press training

  • Novice Investor

    The best “ACTION” would be Michael Z resigns and the stock would double and maybe even triple over night ! That's right, resign with NO stupid payment !

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    I totally agree with you on this, I think Michael Z holds the key big time!

    Debra

  • less

    “drastically over a short period of time”

    WTF did wristwatches go out of style among Nortel's leaders? 10 years is not a short time. 3 years is an eternity.

  • http://www.breastpumpdeals.com/medela-pump-in-style-advanced-metro-bag.html Medela metro bag

    I totally agree with you on this, I think Michael Z holds the key big time!

    Debra

  • less

    “drastically over a short period of time”

    WTF did wristwatches go out of style among Nortel's leaders? 10 years is not a short time. 3 years is an eternity.

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