From today’s Financial Post:
Mike Zafirovski, Nortel’s chief executive, said in the statement that the company is conducting an exhaustive review to further reduce costs, including the sale of Nortel’s Metro Ethernet Networks business.
"It is clear that the business environment in which we operate requires additional immediate and decisive actions," he said. "We are determined to reshape the company to maximize its competitiveness, drive a significant increase in effectiveness and efficiency company-wide."
I seem to have heard this song before. A once proud company, decimated. Just put it out of its misery now.
Powered by Bleezer