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Published on FierceWireless (http://www.fiercewireless.com)

Inside Nortel's financial troubles

By pgoldstein
Created Dec 16 2008 - 11:36am

Noretel Networks, despite having $2.6 billion in cash, is contemplating bankruptcy because of uncertainty about some of its long-term financial problems as well the future market for its voice-only wireless equipment, which has seen a steep drop in demand recently. Article [1] (sub. req.)


Source URL:
http://www.fiercewireless.com/story/amid-growing-uncertainty-bankruptcy-lurks-nortel/2008-12-16