-
Mark’s Blogs
Find ME Online
-
Tag Archives: Nortel
Don’t Forget the Bigger Picture
As the trial begins today involving the Nortel Three – Frank Dunn, Michael Gollogly and Doug Beatty – it’s important not to forget the bigger picture: the demise of Nortel as Canada’s flagship high-tech company, the thousands of people that it used to employ, and the billions of dollars in shareholder value that evaporated. As [...]
Tough Times for the Nortel Three
With the trial involving fraud allegations against the Nortel Three – Frank Dunn, Doug Beatty and Michael Gollogly – slated to start Monday (although there is a defense motion that may delay it), it was interesting to read a story by the Ottawa Citizen’s James Bagnell about the financial woes of the three executives. Describing [...]
No Review for You, Nortel
What a relief! Just when it appeared the Canadian government would finally review the dismantling of Nortel, they’ve decided to take a pass. In a stunning and surprising decision (tongue firmly in cheek), the government has decided that everything about the $4.5-billion sales of Nortel’s patents is okay-dokay. “Officials have examined the applicable rules and [...]
Nortel Pensioners Get Pinched
You figure that after selling its patent portfolio for $4.5-billion, Nortel pensioners would have nothing to worry about. Wrong. Instead, 12,000 pensioners recently received notification that their there will be cutback in benefits. This will reduce benefits by 18% for non-union employees in Ontario. Employees who worked outside Ontario will see cuts of 31% (non-union) [...]
Nortel Goes Out With a Bang
If you’re going to close the door, why not do it with a huge bang? Nortel certainly did it in spades with the auction of its 6,000+ patent portfolio that raised a whopping $4.5-billion. The winning bidder was a consortium that includes Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony. It was interesting to [...]
And So the Case Begins…