Tag Archives: george riedel

Nortel’s $7-Billion Bankruptcy Booty

By Mark Evans | Published: July 2, 2011
Three cheers for George Riedel! Who’s George Riedel and why should we be excited? Well, he’s Nortel chief strategy officer, who has overseen the company’s assets sales after CEO Mike Zafirovski abandoned ship in the wake of the disappointing and puzzling decision to surrender rather than fight on. Now that the sale of Nortel’s 6,000+ [...]
Posted in Executive Suite, Financials | Also tagged , | 16 Comments

Nortel’s Hidden Gem: Blade Network Technologies

By Mark Evans | Published: March 7, 2010
With the Nortel Garage Sale nearly complete, the last major assets on the table are the 50.1% stake in the Nortel-LG joint venture and the 3,000+ patent portfolio, which includes the much-coveted LTE patents. There is, however, another valuable asset that has escaped the spotlight: Nortel’s minority stake in Blade Network Technologies, which makes data [...]
Posted in Financials | Also tagged , , | 33 Comments

Tasman Networks: The Beginning of the End

By Mark Evans | Published: December 30, 2009
There are lots of reasons to explain why Nortel has crumbled in recent years to near-extinction but if you had to pinpoint a key moment in its demise, it might be the acquisition of Tasman Networks, which was announced on Dec. 27, 2005. The deal happened a few months after Mike Zafirovski had taken over [...]
Posted in Financials, M&A | Also tagged , , , | 15 Comments
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