I didn't want to pin the downfall of Nortel completely on the IP being stolen and being outmanoeuvred in deals. During the dot-com bust they also lost a bunch

I didn't want to pin the downfall of Nortel completely on the IP being stolen and being outmanoeuvred in deals. During the dot-com bust they also lost a bunch of money selling carriers equipment on credit and that is when the tough times and inability of the executives to right the ship began.