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icenfire

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16 years ago @ Macleans.ca - Can't catch Norte... · 2 replies · +2 points

This Nortel debate just bugs the heck out of me!

1. Nortel laid off most of it's best R&D minds in the earlier layoffs offs in 2000-2002.

2. Nortel was in the business of buying up Patents in it's run up to $120/share (now $1200/share). They didn't bring most of those devices to market. They did hold up all those Patents/devices as the reason for everyone to invest in the stock... but in truth they were worthless. (This certainly isn't the Avro-arrow folks!!)

3. Nortel has had it's bail-out. Industry Canada or whatever the name was at the time guaranteed millions of dollars of loans to keep Nortel in business.

As a taxpayer, lets sell the company for as much as we can get so we may get back some of the money for the loan guarantees that are already on the books. Let's free up all the R&D minds that are left in the company to do their own research, and Canada will be far ahead of where we are now.