Nortel- 'Aggressive Measures' Trump 'Explorations For Legal Advice'

Today's Wall Street Journal article on Nortel raised some eyebrows and a formal response that "no bankruptcy filing is imminent" and a reminder that there are other, more positive, views in the industry.

My personal reaction was a little bit like that of Mark Twain who it is reported to have responded to a gratuitous obituary, "The report of my demise has been seriously exaggerated".

Just under a month ago, I wrote up a blog posting on another headline- "Nortel-Aggressive Measures to Weather The Storm"- that likewise greeted my morning coffee.

You may be interested in my thoughts then and still now, in which I concluded that "I think Nortel is better prepared than it was even a few weeks ago to come out stronger in the end".

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Okay, and now Mr. Twain, are you dead yet?

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