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Mark Evans

the blog - examines the world of telecom  and  technology  from  a distinctly Canadian perspective.

the person - lives in Toronto, CA with  his  wife  and  three children, and  works  as director of community with PlanetEye Inc.
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Re: Re: The Nortel Shuffle
by Jamez
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..
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My blog has moved. Check out the new Mark Evans. It's part of my mini-blog empire that also includes All About Nortel and Twitterrati. You can subscribe to Mark Evans Tech by clicking on the RSS symbol above.
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