Sad, very sad
What's happened to this company? At one time, they were up there with CISCO and had a much broader product range (e.g. 38GHz microwave transmission equipment).
I hope they survive in some form, however, the stock market obviously doesn't think this will be the case.
I feel very sorry for those losing their jobs without severance pay; at this time some cushion is needed as it could take some time to find new work. Those left in Nortel will have more work to do, an uncertain future and little reward.
Sad is perhaps an understatement.