Nortel easily qualified as the country's largest company at the peak of the tech boom in 2000, with a $366-billion (Canadian) market capitalization and 95,000 employees.A share of Nortel and a loonie gets you a cop of coffee.
While still North America's largest telecom equipment maker, Nortel's shares were worth a total of just $192-million yesterday, and the company has 26,000 staff after a bruising series of layoffs over the past eight years. Nortel stock that soared to $1,231 at the peak of the tech bubble – reflecting a recent consolidation in shares – closed yesterday at 38.5 cents on the Toronto Stock Exchange.
Wednesday, January 14, 2009
According to the Globe today:
Posted by Simon Lono at 10:32 AM