I have followed Nortel’s stock since I first joined Cisco back in April of 2000. It is incredible to see how far they have fallen. They were once the largest company in Canada. It was no surprise to me that they filed for bankruptcy today.
The Canadian company known for their phone systems and networking equipment has been struggling for the last 8 years. They were one of the first major vendors to integrate with Microsoft’s Unified Communications offering Office Communications Server (OCS) 2007. They will now be forced to sell off their assets to pay down debt.
I do not think this will be the last company in the Unified Communications space to go under.
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