Bad News for Nortel

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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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tantallon

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Bad News for Nortel

posted on Jan 14, 2009 05:07AM

See that Nortel (FINALLY) declared bankruptcy. In my mind its been bankrupt for the last three years or more. Especially since they consolidated their shares (always a bad sign).

Just a sign of the times when companies have lots of debt and shrinking revenue. I guess that won't be a problem on the ISM side of things.

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