Nortel files for bankruptcy protection

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Churchill replied

14 January 2009, 19:22
Originally posted by the_duderama View Post

You don't know what you're talking about. Nortel's kit is as up to date as Cisco, Avaya etc, and they were at the cutting edge in all the VOIP tulip. Just they lost their lions share of the telecoms market and seem unable to control costs.

Interesting to see what the teclo's do with all their nortel kit if the company is wound up, replace it or risk it and keep the monies?

I refer you to my previous post.

My mate Sir Terry is going to clean up!
Leave a comment:
the_duderama replied

14 January 2009, 18:57
Originally posted by ace00 View Post

Nortel
With your out of date telecom equipment
No longer available in Woolworths.

You don't know what you're talking about. Nortel's kit is as up to date as Cisco, Avaya etc, and they were at the cutting edge in all the VOIP tulip. Just they lost their lions share of the telecoms market and seem unable to control costs.

Interesting to see what the teclo's do with all their nortel kit if the company is wound up, replace it or risk it and keep the monies?
Leave a comment:
Churchill replied

14 January 2009, 18:36
Sir Terry will be laughing all the way to the fire sale...
Leave a comment:
threaded replied

14 January 2009, 17:38
Ha ha that's the 2012 Olympics fscked...
Leave a comment:
ace00 replied

14 January 2009, 16:17
Nortel
With your out of date telecom equipment
No longer available in Woolworths.
Leave a comment:
portseven replied

14 January 2009, 15:41
I was just in a meeting with a ClientCo supplier who was telling us about the big partnership they have with Nortel.

Not any longer!
Leave a comment:
lilelvis2000 replied

14 January 2009, 15:38
The company had been in trouble for years. We all wondered when it would die.

I had a contract there for 10 months (max allowed). They had money flowing out each orifice back then.

haven't checked on JDS/Uniface - imagine they have either died already or are about to.
Leave a comment:
DimPrawn started a topic Nortel files for bankruptcy protection

14 January 2009, 15:11
Nortel files for bankruptcy protection

http://news.bbc.co.uk/1/hi/business/...ey/7828915.stm

Nortel Networks, North America's biggest maker of telephone equipment, has filed for bankruptcy protection.

The move by the firm, based in the Canadian city of Toronto, came as the global economic downturn continued to eat into its already fragile business.

The filing was made a day before the firm was due to make a $107m interest payment on outstanding loans.

Under US Chapter 11 bankruptcy protection law, a firm can keep trading while it aims to sort out its finances.

Nortel shares fell by 76% in pre-market trading, with analysts saying the move showed that management believed the situation would deteriorate.

Shame we can't lose BT.
Tags: None