Nortel Seeks Bankruptcy Protection

nytimes.com - 1/14/2009

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Nortel has struggled to recover from the collapse of technology stocks early in the decade as well as an accounting scandal. >

business.theglobeandmail.com - 1/14/2009

reportonbusiness.com: Nortel files for bankruptcy protection

— business.theglobeandmail.com — Former technology titan Nortel Networks Corp. filed for bankruptcy protection Wednesday, a move that will likely see... what was once Canada's great corporate success story broken up and sold to foreign rivals. Nortel's board of directors was meeting ... (more) reportonbusiness.com: Nortel files for bankruptcy protection

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www2.nortel.com - 1/14/2009

News Releases: Nortel Commences Comprehensive Business and Financial Restructuring

— www2.nortel.com — JANUARY 14, 2009 TORONTO - Nortel* Networks Corporation [NYSE/TSX: NT] announced that it, Nortel Networks Limited ("NNL")... and certain of its other Canadian subsidiaries will seek creditor protection under the Companies' Creditors Arrangement Act ... (more) News Releases: Nortel Commences Comprehensive Business ...

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online.wsj.com - 1/14/2009

Nortel Files for Bankruptcy Protection

— online.wsj.com — Please register to gain free access to WSJ tools. An account already exists for the email address... entered. Forgot your username or password? This service is temporary unavailable due to system maintenance. Please try again later. The username entered ... (more) Nortel Files for Bankruptcy Protection

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Blog Reactions

Phone Scoop - Latest News: Nortel Files for Bankruptcy

TechBlog: Linkpost | 1.15.2009

Betanews: Nortel CEO steps down in massive restructuring

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Nortel Files for Bankruptcy
Phone Scoop - Latest News — ... Nortel recently reported a $3.4 billion loss for the third quarter of 2008, has been unable to sell one of its divisions, and has seen its stock price erode from $123.10 to just 4 cents per share after nearly 10 years of restructurings and write-downs. The possibility exists that Nortel will not be able to garner favorable terms while it restructures under bankruptcy protection and may be forced to liquidate its assets. Nortel provides wireless network operators with networking gear. more info at New York Times ...

Linkpost | 1.15.2009
TechBlog — ... 15, 2009 Linkpost | 1.15.2009 • Google Ends Google Video Uploads, Shutters Notebook, Catalog Search, Dodgeball & Jaiku - A bunch of minor Google projects are shut down. Anyone actually use any of these? Also Google's Loss of Innocence: 100 Jobs Cut • Gmail Grew 43 Percent Last Year. AOL Mail And Hotmail Need To Start Worrying - It's now the fourth most popular e-mail service. • Microsoft expected to announce layoffs - As early as next week. • Nortel, Once a Telecom Giant, Files for Bankruptcy and Motorola Plans 4,000 More Job Cuts in ...

Nortel CEO steps down in massive restructuring
Betanews — ... Nortel CEO Mike Zafirovski is stepping down from his position today as the nearly bankrupt Canadian telecommunications company continues its liquidation and reconstruction. ...