I question all the abrupt departures.

The underemphasized proven Gary Daichendt who suddenly quit, amidst traditional ambiguity lacking disclosure in "differing business vision" where he was later slandered. This highly ethical and proven man was applauded for the painstaking effort he put into NT's plan yet left disheartened, pessimistic, and not confident anyone could execute his plan while happy to l;eave Nortel's politics, turmoil I assume.

Then, Cheif Legal Officer suddenly retired. I wonder if he pulled a Roth and got out of a hot kitchen before it burst into flames, or whether he too jumped or was pushed with a golden handshake or parachute.

This was all after a plea bargained board resigned in disgrace and who denied obvious red flags for cash they approved and received while rolling over on people they held close relationships claiming no one could have forseen this admitted fraud. They took this opportunity at the delayed shareholders meeting where they fixed votes to keep bonuses. Bonuses they moved 3.1 billion from earlier periods to justify/keep and yet maintain in light of CFO Currie astoundingly taking the largest block of 500K shares Sept 6th outside of any operational profit. Weak internal controls make it open season on bone us and the restated restatement , a recount of a recount, is still condemned as unreliable as they increasingly face the worst ongoing years since the mid 1990's now lacking credibility. Their numbers show they are paying the customers still willing to do business with them even more just to take their product and the future isn't rosey according to Moody's Credit Rating or their almost 70% cut in R&D.

No more business with BSNL now unless it is a 50% greater loss by contractual obligation as they are tendering out 10 times their lost leader, a 5 billion dollar bid, to lower competiors while everyone running not walking away like Cingular, British Telecom, and even Canadians like Sprint Canada or BMO ripping out its Nortel gear and replaced it with Cisco's. Seems all business is goine as of Q304 and their 12 month ship cycle is catching up. How can they forecast double digit growth with a lower Q3, are they comparing this to last year's 6 cent loss for this period?

The have rapidly decling cash and debt to pay from this and I would imagine no will finance a losing venture lket alone with unreliable financials to back it by an uncredible company that even their own Insurance company is recinding coverage for premiums based on false pretense.

They also have huge legal fees, SEC fine, class action damages in the billions to address for a case there is no better why laws are written plus debt to repay while losing business and margins. Nortel's theatrics have always proved misleading... somethings never change and in NT's case only for the worse... May I suggest they are on borrowed time.

Furthermore, Flextronics did not take all of the manufacturing or get paid like we were told with all these traditionally ambiguous explanations. This was called due to "business transition" what ever the hell that means too. =) It is always next year, next year by these masters of delay. what will they say next year they don't want it. I hear they are having a tough time selling their massive ghostown headquarters, maybe the split in product groups is a ready for sale sign too, good luck selling that either...as brokerage houses attempting a hostile takeover when it was trading at 5 bucks confirmed what the Cisco interview proved about this yesteryear darling gone tomorrow, no one wants even a part of it.

I think they are directionless tripping over their feet as their ventures are even souring, with LG's cellular losing 70% earnings last quarter and PEC's declinig earnings since 2002, a deal analysts hated, paying $448M for a declining 15M annually, money better spent sitting in the bank.

Everything Nortel touches sours, in "this is the way" for Lemmings...

This saga is ongoing, like a Worldcom or home grown Enron, exciting, yet traditionally dissapointing with the hope this won't happen again only through their demise in light of their ideals towards bonuses.

I hate to make it sound like an evil empire but the only joy Nortel fosters in it's gitting of teeth politics is from money, lies, greed, and theft, god forgive me for judging them so harshly. Just look at what they have done on such a massive scale to those suffering in silence, lies before plunking their money down on a recount that should bear even greater precision, outright robbed, life savings lost, pension dreams and education funds shattered, destroying so many's lives and quality of life, divorces, suicides, chronic health ailments... For what, for lies... for cash... this is the fallout Nortel faces with so many still there and "difficult to find". Some one has to to do the right thing here...

It does not look like they are, nothing has changed for the better. Paying ongoing bonuses outside operations, stalling with no plan in sight, let alone severence assessment we awaited since last June with almost 70% of their R&D cuts having to effect the 12,000 they employ there, losing money faster, to zero with debt repayment... let alone lawsuits..