Nortel shares sink on titsup fears
Nortel shares fell another 20 per cent yesterday on stories that it has hired lawyers to explore filing for bankruptcy if its latest restructuring fails. The telecoms equipment maker has watched its shares fall from $15 at the start of the year to just 49 cents today. The company said yesterday that its $400m a year savings …
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FAIL
It strikes me that a company that can't turn a profit on a revenue of 2.2 BILLION dollars is royally fucked and should be euthanised humanely.
2.2 *BILLION* dollars.... Catastrophic fail...
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