TECHNOLOGY
Telecommunications
The rise and fall of Canada's tech sweetheart
Last Updated: Friday, November 27, 2009 | 11:37 AM ET
CBC News
IN DEPTH: Nortel
Features
- Canada's technology shining star becomes financial black hole
- Is Ottawa still Silicon Valley North?
- Nortel struggles a 'big blow' to research in Canada (Jan. 14 2009)
- HISTORY: Nortel's Icarus-like stock
- The wild ride of Canada's most-watched stock
- TIMELINE: The rise and fall of Canada's tech sweetheart
- Interactive: Key dates for Nortel in the past decade
- Bankruptcy protection
- When a company seeks court protection while it re-organizes
YOUR VIEW
From CBC News
- Former Nortel workers could get paid earlier than other creditors: court
- (Monday, June 29, 2009)
- End of an era as Nortel shares delisted from TSX
- (Saturday, June 27, 2009)
- Nokia deal launches Nortel's liquidation sale
- (Monday, June 22, 2009)
- Nortel selling wireless business to Nokia Siemens for $650M US
- (Friday, June 19, 2009)
- Would-be Nortel buyers seek $1B loan from government
- (Tuesday, June 9, 2009)
- Nortel seeking bonuses for top execs
- (Friday, March 20, 2009)
- Nortel loses $2.13B US in Q4
- (Monday, March 2, 2009)
- Nortel cutting another 3,200 jobs (Feb. 25, 2009)
- Nortel Networks files for bankruptcy protection (Jan. 14, 2009)
- VIDEO: Nortel Networks files for bankruptcy protection (Runs: 3:20)
- AUDIO: CBC's Julie Ireton discusses Nortel's future on Ottawa Morning (Jan. 12, 2009)
- VIDEO: Interview with Duncan Stewart, financial analyst for DSAM Consulting (Jan. 14, 2009)
- VIDEO: Lawrence Surtees, telecom analyst with IDC Canada, on Nortel's outlook (Jan. 14, 2009)
- VIDEO: Havard Gould reports: The rise and ultimate fall of Nortel Networks (Jan. 14, 2009)
- Nortel's future up in the air as it faces major payments (Jan. 12, 2009)
- Nortel may lose NYSE listing (Dec. 11, 2008)
- Nortel could cut up to 5,000 jobs next week: analysts (Nov. 5, 2008)
- Nortel hits record low amid plans for cutbacks, asset sales (Sept. 17, 2008)
- Nortel to close Calgary operations (May 27, 2008)
- Nortel stock hits all-time low (Mar. 7, 2008)
- Nortel cutting another 2,100 jobs (Feb. 27, 2008)
- SEC charges 4 more former Nortel execs with fraud (Sept. 12, 2007)
- Nortel to pay $1M in OSC settlement (May 22, 2007)
- Regulators file charges against Dunn, other former Nortel execs (Mar. 12, 2007)
- Nortel Networks cutting another 2,900 jobs (Feb. 7, 2007)
- Nortel shares fall 10%, reports Q3 loss (Nov. 7, 2006)
The stumble and collapse of Canada’s once powerful telecommunication giant is a saga that many will have a hard time forgetting.
The company that started out in 1882 manufacturing telephone handsets morphed into Northern Electric Co. Ltd. and later became the famous — or, depending on whom you talk to, infamous — internet-boom darling, Nortel Networks. Like many corporations during the dot-com boom, it saw immense growth, but it all ended in the 2000s when financial mismanagement, a changing market and a failed restructuring plan brought the company crashing down.
Listed below are the high and low points of Nortel's recent history, dating back to its independence in 2000.
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