Nortel was once among the most powerful Telecom euipment manufacturer. This Canada-based company once had a stock quote of $240/share. Industry had worst for Nortel, It went down to as low as few cents recently. … Read more
It’s always shocking when a stalwart of any industry topples. It makes people pause and lay blame in a variety of directions. Some may be slightly confused that GM is not going out of business, … Read more
Psystar, the unauthorized Mac clone maker, battling Apple in a California courtroom has filed for Chapter 11. The news, reported first by the Mac Observer from what I can tell, isn’t that surprising. Psystar was … Read more
Nortel Networks, once a high-flying telecommunications equipment maker, filed for Chapter 11 bankruptcy protection Wednesday. Nortel has been recent credit crunch may end up as the death knell for the company, making it difficult for … Read more