Nortel Files for Bankruptcy
Nortel files for bankruptcy protection, shares plunge at reuters.com by Wojtek Dabrowski.
The Telecom industry has changed much in the last decade. Would this have happened without the recession?
Nortel Networks Corp, North America’s biggest telephone equipment maker, filed for bankruptcy on Wednesday, hoping to save a once high-flying business whose decade-long decline has accelerated with the global economic crisis.
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Nortel Files for Bankruptcy Protection at dealbook.blogs.nytimes.com.
Updated: Nortel Is Bankrupt, More Layoffs Coming at gigaom.com by Stacey Higginbotham.
Nortel’s statement on the bankruptcy filings at network.nationalpost.com by Drew Hasselback.
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