Gamble, you are so wrong. I was working for Carly at Lucent in '99. Both Lucent and Nortel was showing gigantic growth with huge sales and profits figures but

Gamble, you are so wrong. I was working for Carly at Lucent in '99. Both Lucent and Nortel was showing gigantic growth with huge sales and profits figures but it was all a ponzi scheme. They were selling to all these CLECs and vendor financing the CLECs. That means while Nortel is selling a lot of stuff, no money is coming in because Nortel is financing all the sales itself.When the dotcom boom crashed, the CLECs run out ot capital and couldn't pay back Nortel and Lucent. Both companies have to take huge write-offs and face huge cash crunches. Compare that to Nokia. Nokia's in its last quarter generated EUR 1 billion of free cashflow. Just for comparison, Google generated $2.35 billion in free cashflow.