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alstry (35.42)

Anything NOT going Bankrupt

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January 14, 2009 – Comments (3)

TORONTO (Reuters) - Nortel Networks Corp, North America's biggest telephone equipment maker, filed for bankruptcy on Wednesday, hoping to save a once high-flying business whose decade-long decline has accelerated with the global economic crisis.

The filing marks a crucial stage in the slow deterioration of one Canada's most prominent companies. Nortel, a stock market darling before the tech bubble burst at the start of the decade and still one of the country's largest employers, has struggled for years in an industry that has changed radically since its heyday in the late 1990s.

Remember...you can believe in ecomomis or apply Alstrynomics.

3 Comments – Post Your Own

#1) On January 14, 2009 at 12:44 PM, DarkToast (43.99) wrote:

My division exceeded Q4 revenue commitments by 31 million dollars. Not everything is going bankrupt.

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#2) On January 14, 2009 at 2:53 PM, garyc27 (< 20) wrote:

I'm not surprised.  Nortel has had accounting problems for years.

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#3) On January 14, 2009 at 3:46 PM, alstry (35.42) wrote:

Gottschalks Inc., the owner of department stores in six western states, and Goody’s LLC, a clothing chain serving towns in the southern and central U.S., sought bankruptcy protection after sales slumped.

Gottschalks, founded in 1904 in Fresno, California, is looking for a buyer. Goody’s, based in Knoxville, Tennessee, plans to liquidate ...

Made it through THE GREAT DEPRESSION.....but not the greatest depression?????

Goody's was founded in the early fifties.......

Remember Alstrynomics warning....PREPARE... don't despair.

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