Comments on: When Acquisitions Bomb: Revisiting the Nortel-Bay Networks Deal http://www.thevarguy.com/2008/12/15/when-acquisitions-bomb-revisiting-the-nortel-bay-networks-deal/ Channel News, Reseller News and Channel Partner Programs Fri, 10 Feb 2012 12:00:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The VAR Guy http://www.thevarguy.com/2008/12/15/when-acquisitions-bomb-revisiting-the-nortel-bay-networks-deal/comment-page-1/#comment-87930 The VAR Guy Mon, 15 Dec 2008 19:32:18 +0000 http://www.thevarguy.com/2008/12/15/when-acquisitions-bomb-revisiting-the-nortel-bay-networks-deal/#comment-87930 Rob: Mark Evans, author of the <a href="http://www.allaboutnortel.com" rel="nofollow">All About Nortel</a> blog, is the perfect person to write the book on Nortel's rise and fall. The VAR Guy hopes Evans pursues a book deal... Rob: Mark Evans, author of the All About Nortel blog, is the perfect person to write the book on Nortel’s rise and fall. The VAR Guy hopes Evans pursues a book deal…

]]> By: Rob Bissett http://www.thevarguy.com/2008/12/15/when-acquisitions-bomb-revisiting-the-nortel-bay-networks-deal/comment-page-1/#comment-87928 Rob Bissett Mon, 15 Dec 2008 19:17:56 +0000 http://www.thevarguy.com/2008/12/15/when-acquisitions-bomb-revisiting-the-nortel-bay-networks-deal/#comment-87928 This is an interesting blog. Being from Ottawa, I have been paying a fair amount of attention to the Nortel story lately (and the potential de-listing they face). I had a number of friends who worked there and who survived many rounds of "Tribal Councils" during the unwinding of that company. I recall Nortel being "the" place to work (and I can still see the "crystal palace" from my office). Everyone wanted to work there, and the ones that did were admired. If you talked to people who worked there though, the seeds of failure were always there. Nortel spent money like it was going out of style -- tons and tons of money. Perhaps if they had exercised some better financial judgement in 2000, their offices wouldn't now be mostly empty. Speaking to people who still work there is quite a story. Apparently morale is terrible, people hope to be let go so they can get the big package -- that Nortel STILL gives, and you have to compete with your peers to stay alive. It is a very sad story for the company, shareholders, and the city. I can't wait until someone writes the whole story. I am sure it will be quite a book. Rob This is an interesting blog. Being from Ottawa, I have been paying a fair amount of attention to the Nortel story lately (and the potential de-listing they face). I had a number of friends who worked there and who survived many rounds of “Tribal Councils” during the unwinding of that company. I recall Nortel being “the” place to work (and I can still see the “crystal palace” from my office). Everyone wanted to work there, and the ones that did were admired. If you talked to people who worked there though, the seeds of failure were always there. Nortel spent money like it was going out of style — tons and tons of money. Perhaps if they had exercised some better financial judgement in 2000, their offices wouldn’t now be mostly empty. Speaking to people who still work there is quite a story. Apparently morale is terrible, people hope to be let go so they can get the big package — that Nortel STILL gives, and you have to compete with your peers to stay alive.

It is a very sad story for the company, shareholders, and the city.

I can’t wait until someone writes the whole story. I am sure it will be quite a book.

Rob

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