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Nortel was a bit different - I think the Chinese hack really killed them. Investors got the jitters then jumped ship or something? But the inadequate sale valu
by Incipient 11mo ago
Nortel was a bit different - I think the Chinese hack really killed them. Investors got the jitters then jumped ship or something?
But the inadequate sale value of shovels holds.
- vel0city 11mo agoTheir customer base rapidly disappeared and they tried to paper over the losses with accounting fraud where they had fake sales of equipment because their actual customers disappeared. They had tons of equipment to sell with few customers left to buy them.