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Old 01-15-2009, 03:54 PM
trent trent is offline
Senior Member
Join Date: Jun 2008
Posts: 387
Default Nortel filed for bankruptcy

Nortel Networks Corp. filed for bankruptcy protection yesterday. Nortel, which is the biggest phone equipment producer in North America's has been having debt problems lately, which left the company with no choice but bankruptcy. The Toronto-based Nortel was at one point the biggest Canadian company, but wasn't able to stay competitive in the face of worsening economic conditions.

Anybody still thinking that the Canadian economy is doing well?
No debt
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