Analyst: Early Nortel bankruptcy might be smart It might make sense for Nortel to declare bankruptcy sooner rather than later in an effort to be in as strong a position as possible when it happens, an industry financial analyst says. Nortel mulls bankruptcy Nortel has hired lawyers to consider whether it should seek bankruptcy protection, but the company says it has made no decision to do so. Podcast: How many hits can Nortel take? Nortel made a lot of news this week, not the least of which included a $4.3 billion dollar loss, a plan to sell its metro Ethernet business and the departure of its CTO. Because of all that, Matthew Nickasch, an IT executive and network industry watcher, had some interesting things to say about Nortel in his Network World blog this week. (9:13) |
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