And so this appears to be the end. The Canadian tech giant is being broken up. As of this morning, it's no longer listed on the TSX. Nokia Siemens will take over Nortel's wireless assets. It held a conference call with analysts this morning to talk about the future. Here's what Nokia Siemen's is saying about the takeover on its website. And here is its message to Nortel employees.
Discussions are continuing on the takeover of other parts of the company that are worth something. Kathleen Petty interviewed OttawaU professor Tyler Chamberlain this morning about the end of Nortel. You can hear that here.
Somewhat ironically, Nortel gets delisted on a day when Canada's Industry minister is hosting a day long forum called "Canada's Digital Economy: Moving Forward. "
We'd like to hear your thoughts on Nortel's imminent demise. What do you think it means for r and d in Canada? What do you think it means for the Canadian technology sector? Does the sector need a flagship like Nortel that spends lots of money on research and development, or does it matter? Let us know.