Thursday, January 15, 2009

NORTEL - the fall of the Canadian pride

Jan 14, 2009. Mark this day in the history as the day Nortel officially declared bankruptcy/Chapter 11

Once the darling of Toronto Stock Exchange (TSX) and household name & favourite as every Mutual Fund would have it. It was the Research In Motion stock back in 2000, loved by everyone, and now it dropped to 14 cents and below. Long gone were the $100+ per share days....
In a way, we did get out while it's less loss many years ago - a blessing in disguise

More Nortel articles for entertainment, Farewell, NT
http://www.theglobeandmail.com/servlet/story/RTGAM.20090114.wnortel_main15/BNStory/Technology/home
http://business.theglobeandmail.com/servlet/story/RTGAM.20090115.wnorteldecloet15/BNStory/Business/home

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