Wednesday, January 14, 2009

Nortel files for bankruptcy

It happened as had been rumored since the weekend. See the story here. Prior press reports of a potential bankruptcy had been dismissed by our executives. Hah! They're words in all the talks about the way forward are pretty much bunk at the moment. Mike Z sent an email out today to employees about our company restructuring. Couldn't bring himself to say the "b" word.

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