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Nortel reportedly preps bankruptcy filing
Between the Lines — ... Nortel is expected to file for bankruptcy and be sold off in parts. According to the Globe & Mail , Nortel will file for bankruptcy as early as today. The news isn’t shocking given that ...

Nortel Is Bankrupt — So What’s Next? [GigaOM]
GigaOM Network — ... — that the equipment maker plans to file for bankruptcy, perhaps as soon as today. The Canadian company has $4.5 billion in debt, and faces ...

Nortel Files For Bankruptcy Protection
WSJ.com: Tech Trader Daily — ... The Toronto Globe and Mail this morning reports that the company is likely to be broken up and sold in pieces to its rival in the networking equipment business. The report said Nortel filed for bankruptcy protection in Delaware, and would do the same in Toronto, where the company is based. The Globe and Mail noted that the company at its peak in 2000 had a market cap of $366 billion (Canadian) and 95,000 employees; it now has a staff of 26,000. ...

Canadian Telecom Nortel Files for Bankruptcy
Gearlog — ... Canadian telecom giant Nortel Networks has filed for bankruptcy, becoming the latest casualty in the ever-widen economic crisis. The decision, according to The Globe and Mail, is likely to result in the splitting and selling off of the company. Nortel had already tried and failed to find buyers for various divisions, back in September. ...

Nortel finally completes Project Bankruptcy
GMSV — In the newsroom, there are some headlines you can keep on a save string because they are eternally useful headlines like “Mideast cease-fire breaks down.” For years now, another stalwart has been “Nortel announces new layoffs, restructuring,” but it’s one we may not see again now that the one-time telecom equipment powerhouse has filed for bankruptcy protection in Canada and the U.S. The Toronto-based company made the move just a day before a $107 million bond debt payment came due in an effort to ...