John Paczkowski

Recent Posts by John Paczkowski

Nortel Hell


Its hopes of rebuilding under bankruptcy protection effectively dashed by the ongoing financial crisis, Nortel is considering selling off its two biggest business units to rivals. Reportedly on the block: the company’s wireless-gear and office telecom equipment units, divisions that posted $6.7 billion in revenue last year–more than half the company’s sales. “What we are finding is that there may be a lot more value by selling rather than emerging,” a person familiar with the matter told The Wall Street Journal. “The company was surprised by the amount of interest and the number of calls.”

A sad turn of events for a company that was once a cornerstone of the telecom industry. For while the sale of those divisions would generate some much needed cash, they would also make it tougher for Nortel (NT) to emerge from bankruptcy protection as a viable company.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald