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Nortel collapsed long before Huawei even started competing outside of China in any serious way. Nortel was severely hit by the bursting of the tech bubble, and
by DiogenesKynikos 11mo ago
Nortel collapsed long before Huawei even started competing outside of China in any serious way.
Nortel was severely hit by the bursting of the tech bubble, and then it got caught faking its financial figures. To blame that on Huawei is just a rewrite of history.
- applied_heat 11mo agoAllegedly hackers were pilfering Nortel starting around year 2000 https://www.cbc.ca/news/business/nortel-hit-by-suspected-chinese-cyberattacks-for-a-decade-1.1218329 https://www.cbc.ca/news/business/nortel-hit-by-suspected-chi...
- DiogenesKynikos 11mo agoIf true, how did that have any effect on Nortel? As I said before, Huawei wasn't a serious competitor for Nortel at that point. Nortel's business fell apart (and it started fudging its financials) long before Huawei expanded globally.