Nortel Buy of Bay Networks Started Fall, Says One Exec
Was the $9 billion acquisition of Bay Networks the beginning of the fall for Nortel Networks ? That's the contention of TeleDynamic Communications president Randy Kremlacek.
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#1 Apr 24, 2009
Nortel D cuts 63%,Nortel ES 50%,Nortel F cuts 100%.There's no restructuring plan at all or it will come out just after E&Y will close formal procedures to heavily reduce headcount in each impacted country.Then asset divestiture will be easier by Z and his stupid board.
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