Nortel to File for Bankruptcy Today?

I have a call set up with Nortel later today and will give you more details but for now the latest news is company will file for bankruptcy as soon as today. Nortel's assets will be divided up and sold off to competitors. As soon as I know more, expect an update.

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January 14, 2009 7:23 AM |

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2 Comments

Rob Powell | January 14, 2009 7:45 AM | Reply

Wow. Not entirely unexpected, but I had hoped they would find a better solution.

Editor | January 15, 2009 2:48 AM | Reply

Time to put her to rest. Corporations shouldn't be run the way Nortel was in the last 10 or so years.

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