At a time when governments around the world are propping up entire industries, an intriguing question is how much support the Canadian government should provide to Nortel.
Yesterday Last month, Canadian Industry Minister Tony Clement said “The government of Canada appreciates the importance of the telecommunications industry to our economy and will continue to work with Nortel during its restructuring through Export Development Canada (EDC)”.
EDC, which provides provide financial support to Canadian companies doing business in foreign markets, has agreed to provide up to US$24 million in short-term financing through an existing bonding facility, and Clement said EDC could discuss financing for Nortel in conjunction with other financial institutions.
Given Nortel’s role as Canada’s flagship high-tech company and the fact it employs 6,000 people in Canada, there is no doubt the federal government wants to do something to keep Nortel alive, as well as jobs in Canada. But how much should it do? That’s the $64,000 question.
For more thoughts on how much support Nortel should receive, check out GigaOm.
You can't deny you canadians are too lazy and not so smarter than the chinese. Lazy goes along with being a Chinese engineer at Nortel. Their idea of problem solving is, “Why don't you just try things out in Matlab?” That's a quote; And it gets quite a few laughs when I tell it..Also, ever notice how a Chinese manager there has almost exclusively Chinese people working under him (it's always a him). The accepted racism at Nortel was astonishing.
No, this is not sour grapes. In the end it was all just another nail in the coffin.
nortel_cn
Hi Fossil Nazis,
Likely you have described your fears on china with words of anger & rumor, would this help? I'm galad to know if it's a positive answer.
“Remeber also how easy the japanese walked through China.” — Ha, that's why DPRK exists for! Any intruder from northen-east china will be first served by DPRK.
“One day China may find out the west may just cut them off.” “And the west don't need to worry about paying their debt back to them.” Am I talking with a child in here? You don't know that nuclear weapon is a kind of massive destructive weapon? You rumor that huawei&zte are cheaters partly becuase it makes sense that you want your nation to become a bigger cheater?
“China is an … over populated (controls on number of children you have).” “China is a biological and viral nightmare.” Your westeners discovered but don't believe natural selection, and don't know number of individuals is critical for mutation and has great genetic advangtage? It's not nightmare for us, on the contratry it's the hope for future.
scalpcutter
Well Well sounds like we gotta bonafide Chairman Mao pumping, communist, flag waving dyed in the wool, looking for trouble in all the wrong places here?? Do you live in Canada? Do you love Canada? Would you fight as a soldier for this country? Do you think you can take advantage of the system? Because if you do I want CSIS to investigate you for treason, copyright stealing and technological spying. It is obvious of your hatred towards Canadians. Typical. We let your type in and you think it is a free ticket to bash this country. Wrong Again Mao. We're watching your type. It is obvious by the way you type that you are chinese. I hope some of your fellow countrymen chime in here and discredit you as the sham you are, because most chinese people living in Canada are hard working, decent people loyal to Canada FIRST. You aren't. If you are submitting outside of Canada time to block and monitor.
nortel_cn
OK, block me. quite like your style, do it please!
scalpcutter
If it was up to me I would do more than that. GD communists.
scalpcutter
Well Well sounds like we gotta bonafide Chairman Mao pumping, communist, flag waving dyed in the wool, looking for trouble in all the wrong places here?? Do you live in Canada? Do you love Canada? Would you fight as a soldier for this country? Do you think you can take advantage of the system? Because if you do I want CSIS to investigate you for treason, copyright stealing and technological spying. It is obvious of your hatred towards Canadians. Typical. We let your type in and you think it is a free ticket to bash this country. Wrong Again Mao. We're watching your type. It is obvious by the way you type that you are chinese. I hope some of your fellow countrymen chime in here and discredit you as the sham you are, because most chinese people living in Canada are hard working, decent people loyal to Canada FIRST. You aren't. If you are submitting outside of Canada time to block and monitor.
nortel_cn
OK, block me. quite like your style, do it please!
scalpcutter
If it was up to me I would do more than that. GD communists.
Should the Canadian Government Help Nortel?
At a time when governments around the world are propping up entire industries, an intriguing question is how much support the Canadian government should provide to Nortel.
Yesterday Last month, Canadian Industry Minister Tony Clement said “The government of Canada appreciates the importance of the telecommunications industry to our economy and will continue to work with Nortel during its restructuring through Export Development Canada (EDC)”.
EDC, which provides provide financial support to Canadian companies doing business in foreign markets, has agreed to provide up to US$24 million in short-term financing through an existing bonding facility, and Clement said EDC could discuss financing for Nortel in conjunction with other financial institutions.
Given Nortel’s role as Canada’s flagship high-tech company and the fact it employs 6,000 people in Canada, there is no doubt the federal government wants to do something to keep Nortel alive, as well as jobs in Canada. But how much should it do? That’s the $64,000 question.
For more thoughts on how much support Nortel should receive, check out GigaOm.
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