Quoted – Nortel closes up shop – E-Commerce News

Nortel Networks Corporation
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Nortel is selling off its valuable wireless units to Nokia Siemens as it dismantles its bankrupt operations. Nortel was a high flyer during the dot-com boom days but was unable to weather the telecom industry tailspin. The global recession was the final straw for the beleaguered company.

The fact that Nortel found a buyer — and at this particular price point — is indeed noteworthy, Scott Testa, a professor of marketing Grow Your Business-Fast! Sign up for a FREE trial of Infusionsoft and double your sales in 12 months. at St. Joseph’s University, told the E-Commerce Times.

“It is a crowded space right now that has been undergoing a severe consolidation for a while. So yes, the value is there, I would agree with that.”

Still, Testa couldn’t help but note “how low the mighty have fallen.”


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