Nortel Networks

Paper Summary:

This paper examines the series of events and corporate missteps that threatened the financial viability of Nortel Networks. The paper explores what happened to Nortel's stock and why it happened. It then assigns accountability and details what should have been done to prevent Nortel's downfall.

From the Paper:

"Nortel Networks is a leading designer and manufacturer of the infrastructure to support the Internet and world-wide communications. According to Golden Capital Securities (2001), during 1999 and 2000, Nortel had positioned itself well in the optical networking market. Its main competitor at that time, Lucent Technologies, had not moved into optical networking as early as Nortel had, leaving room for Nortel to become the dominant telecommunications vendor in the world. Nortel's stock price came to reflect this probable dominance, rising to an all-time high of $124.50 and giving the company a valuation equivalent to a third of the 2000 Canadian gross domestic product. But, a series of events and corporate missteps would soon threaten the financial viability of the company."

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