Assuming the speculation is accurate that Nortel is intent on selling its enterprise and wireless businesses, what’s the New Nortel going to be.
Clearly, it will be significantly smaller with about $3-billion in revenue, let’s say 5,000 to 10,000 employees, and perhaps profitable. In terms of what it sells, Nortel [...] Continue Reading…
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Team Nortel: As you may have seen in The Wall Street Journal this morning, the media continue to speculate on our current situation. Although this is one more of the many stories that continue to be written about us, I want to take a moment to put their commentary [...] Continue Reading…
It looks like the New Nortel (post-bankruptcy restructuring) could be a lot smaller (or exist at all) amid reports (via the Wall St. Journal) that Nortel is in discussions to sell its wireless and enterprise business.
“What we are finding is that there may be a lot more value by [...] Continue Reading…
Two groups of employees in Ontario will be participating in insolvency proceedings next month in Ontario after hiring Nelligan O’Brien Payne to represent them.
The law firm will argue on April 20 and 21 that employees laid off before the company filed for bankruptcy protection on Jan 14. should have [...] Continue Reading…
Interesting article in today’s Financial Post about how Nortel is doing well in Asia. To be honest, it comes across as far too bullish but it is kind of refreshing to see a good news Nortel story.
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Ciena Interested in MEN?
According to Bloomberg, Ciena Corp. could be interested in buying Nortel’s Metro Ethernet network business to enhance its fiber-optic network business.
Analysts believe MEN is worth about $300-million, a far cry from the $1-billion to $1.5-billion that Nortel thought it was originally going to attract.
“They need to get bigger or [...] Continue Reading…