Nortel 

Some of you may have heard that Nortel, once the biggest company in Canada, filed bankruptcy protection yesterday.
Some analysts have predicted about this possibility for quite some time. For me, I just couldn’t believe that the biggest company in Canada about 8 years ago is worth nothing now. It’s just totally crazy.

Honestly, I didn’t know much about Nortel before I came to Canada. I knew it is a big telecommunication company; but that’s about it. When I came to Canada, I met some new friends and many of them used to work for Nortel.
There is a story about a friend of my friend who used to be a millionaire during Internet bubble because he owned Nortel stock. After Internet bubble, he basically owned nothing.

A success story of (once) the biggest Canadian company is now over. I feel so sorry to Nortel employees who have to live in uncertainty for the next couple of weeks (months). Good luck to all of you… I wish I could do something better. :(

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