• By Paul Boutin
    Nov 10, 2008 10:58 AM 784
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    #nortel

    Nortel CTO's final blog post

    Telecom stocks downgraded by still-employed analysts
    read more: #layoffs, #nortel, #valleywag

    Nortel to cut 1,300 jobs — hey, that's only 18 percent

    North America's biggest phone equipment maker has joined the Tough Times, Tough Decisions club. Third-quarter losses, at $3.4 billion, were the worst since 2001. Bloomberg's report has all the details.


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