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Nortel Files for Bankruptcy (Updated)Nortel Files for Bankruptcy (Updated)

Not unexpected , but still.... Updates throughout the day.

Eric Krapf

January 14, 2009

1 Min Read
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Not unexpected, but still.... Updates throughout the day.

Not unexpected, but still.... Updates throughout the day.Update 1: Here's the Nortel press release. It makes clear that the company filed while it still had cash, presumably because of the difficulty of getting debtor-in-possession financing during the credit crunch.

Update 2: Here's a CBC interview with Mark Sue, the analyst from RBC Capital Markets who, in November, put a $0 price target on Nortel's stock, which it got much closer to after the bankruptcy protection filing.

About the Author

Eric Krapf

Eric Krapf

Eric Krapf is General Manager and Program Co-Chair for Enterprise Connect, the leading conference/exhibition and online events brand in the enterprise communications industry. He has been Enterprise Connect.s Program Co-Chair for over a decade. He is also publisher of No Jitter, the Enterprise Connect community.s daily news and analysis website.
 

Eric served as editor of No Jitter from its founding in 2007 until taking over as publisher in 2015. From 1996 to 2004, Eric was managing editor of Business Communications Review (BCR) magazine, and from 2004 to 2007, he was the magazine's editor. BCR was a highly respected journal of the business technology and communications industry.
 

Before coming to BCR, he was managing editor and senior editor of America's Network magazine, covering the public telecommunications industry. Prior to working in high-tech journalism, he was a reporter and editor at newspapers in Connecticut and Texas.

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