北电正式申请破产保护,股票代号NT已经被纽约证券交易所取消.

NR: Mayor O’Brien urges government to support information and communication technolog

Media Advisories, News Releases & Public Service Announcements

Media Advisories, News Releases & Public Service Announcements

[FONT=Helvetica, Arial]Date: Friday 19 December 2008
Contact: Public Affairs (613-580-2450), medias@ottawa.ca
[/FONT][FONT=Helvetica, Arial]NR: Mayor O’Brien urges government to support information and communication technology sector [/FONT][FONT=Helvetica, Arial]Ottawa – Mayor Larry O’Brien today urged both the federal and provincial governments to include the Information and Communication Technology (ICT) sector in any future economic stimulus or infrastructure investment plans.
In letters sent to federal Industry Minister Tony Clement and Ontario Economic Development Minister Michael Bryant, Mayor O’Brien called on the government to support the ICT sector through research and development, infrastructure investment and other means, including direct support and improved procurement policy.
“The Information and Communication Technology sector is extremely important to the Canadian economy,” said Mayor O’Brien. “The sector employs hundreds of thousands of Canadians, and the potential loss of these jobs would have far-reaching consequences at the local, provincial and national level. The ICT sector also helps generate jobs in other sectors, and they would also suffer if layoffs were required in the high-tech sector.”
The ICT sector employs close to 600,000 people across Canada. Approximately 82,000 jobs are based out of the Ottawa area.
In addition to economic development, the ICT sector drives important improvements to Canadians’ quality of life, including significant contributions to the health care, education, government and energy industries.
“ICT is the cornerstone of Ottawa’s technology industry and is an integral part of the province’s economy, “ said Jeffrey Dale, President and CEO, Ottawa Centre for Research and Innovation (OCRI). “Therefore we look to the federal and provincial governments to ensure that this key sector is well supported.”
The full content of Mayor O’Brien’s letters are attached below.
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For more information:
Media contact
613-580-2450
Kim Cunningham
Manager, External Communications OCRI
613-851-0768
Public inquiries
3-1-1
===============================================================================
The Honourable Tony Clement
Minister of Industry
Industry Canada
235 Queen Street
Ottawa, ON K1A 0H5
Dear Minister Clement,
Re: Stimulating the ICT industry to Sustain & Strengthen the Economy during and after Economic Downturn
It is our understanding that the federal government is preparing to build an economic stimulus package to address the current economic crisis. In this context, we believe that now is the time to ensure sufficient investment and direct support for the Information and Communication Technology (ICT) industry, a linchpin of our Canadian economy. Underpinning this need is the fact that the Canadian ICT industry is being significantly impacted by the current economic downturn, indeed, to a greater extent than most other sectors.
Information and Communication Technology is directly related to a country’s productivity and competitiveness – and, by extension, its wealth and prosperity. It is widely acknowledged today that ICT as an enabler of broad economic development has surpassed that of the value of the sector itself. As such, ICT will be a competitive tool for a country’s growth for the next several decades. The City of Ottawa has long recognised that ICT is an important and necessary stimulus for both community and economic development. This is evidenced by our investment in telecommunications infrastructure in our community to ensure that all public sector institutions have access to a robust fibre optic network and that all residents and businesses also have access to broadband Internet and the benefits derived from the local ICT industry.
Increasingly, advances in ICT, made possible through significant Research and Development (R&D) investment, are driving important improvements to our quality of life, including aspects of our economy, healthcare, education, government, cleantech, financial and energy industries. For example, the communications-enablement of many traditional IT applications “componentizes” and repackages the network so it can be leveraged in more innovative and effective ways. This approach better supports the communication requirements of various sectors in Canada (e.g. health care, retail, hospitality, finance, energy, etc.), allowing them to more effectively leverage networking to drive the needs of their business and improve service for their clients.
In this difficult economy, highly-skilled jobs associated with the ICT sector are particularly at risk – jobs that are critical to the government’s innovation agenda. The Canadian ICT workforce is currently approaching nearly 600,000 employees. In the current economic climate, the retention of many of these jobs in Canada is undoubtedly at risk, as companies struggle to deal with increasing competition and market pressures.
High-tech employment is especially critical to communities like Ottawa, as it helps to spawn other jobs in related and support sectors, and helps attract businesses that seek to become part of the local ICT ecosystem. A few large anchor ICT companies like Nortel have helped to trigger a rich ecosystem of supply chain and support companies in Ottawa. The retention of the nearly 82,000 jobs tied to the high tech sector jobs will be a decisive factor for Ottawa’s future economic health. In 2007, Nortel spent approximately $150 million with suppliers and partners in the Ottawa region alone. In addition, Nortel’s employment also supports 18,000 infrastructure positions in the community (based on the commonly recognized model that each high-technology job generates the need for another four jobs in the region’s services sector). This mix of a few large anchor companies and many small businesses and start-ups is important to the success of a strong value chain for Canada’s globally focused ICT sector. As of January 2008, only 8 per cent of Ottawa’s tech companies employed more than 100 people, and 50 per cent of the companies employed fewer than 10 people.
Considering that high tech jobs have a catalytic effect on the economy, the loss of these jobs would have far-reaching consequences at the local, provincial and national levels. As such, investments in Canadian ICT will spur new, export ready capabilities and jobs in innovative areas that represent tomorrow's growth industries.
We urge you, therefore, to factor ICT into any economic stimulus/infrastructure investment plans currently being developed – and to take any other measures possible to support this critical Canadian industry. Let’s protect and enhance this vital sector through R & D and infrastructure investment, as well as through all means possible, including improved procurement policy and venture/equity capital support to grow viable ICT companies. Let’s preserve ICT as a Canadian, Ontario and Ottawa core competency and a strategic lever for Canada. It is in our National interest to do so.
Sincerely,
Mayor Larry O’Brien
cc The Honourable John Baird, P.C., M.P.
The Honourable Mauril Bélanger, P.C., M.P.
Mr. Pierre Poilievre, M.P., Parliamentary Secretary to the Prime Minister
Monsieur Royal Galipeau, depute
Mr. David McGuinty, M.P.
Mr. Paul Dewar, M.P.
===================================================================================
The Honourable Michael Bryant
Minister of Economic Development
Ministry of Economic Development
8th Floor, Hearst Block
900 Bay Street
Toronto, ON M7A 2E1
Dear Minister Bryant,
Re: Stimulating the ICT industry to Sustain & Strengthen the Economy during and after Economic Downturn
It is our understanding that the provincial government is preparing to build an economic stimulus package to address the current economic crisis. In this context, we believe that now is the time to ensure sufficient investment and direct support for the Information and Communication Technology (ICT) industry, a linchpin of our economy in Ontario. Underpinning this need is the fact that the ICT industry in Ontario is being significantly impacted by the current economic downturn, indeed, to a greater extent than most other sectors.
Information and Communication Technology is directly related to both our productivity and competitiveness – and, by extension, our wealth and prosperity. It is widely acknowledged today that ICT as an enabler of broad economic development has surpassed that of the value of the sector itself. As such, ICT will be a competitive tool for growth in the Province for the next several decades. The City of Ottawa has long recognised that ICT is an important and necessary stimulus for both community and economic development. This is evidenced by our investment in telecommunications infrastructure in our community to ensure that all public sector institutions have access to a robust fibre optic network and that all residents and businesses also have access to broadband Internet and the benefits derived from the local ICT industry.
Increasingly, advances in ICT, made possible through significant Research and Development (R&D) investment, are driving important improvements to our quality of life, including aspects of our economy, healthcare, education, government, cleantech, financial and energy industries. For example, the communications-enablement of many traditional IT applications “componentizes” and repackages the network so it can be leveraged in more innovative and effective ways. This approach better supports the communication requirements of various sectors here in Ottawa (e.g. health care, retail, hospitality, finance, energy, etc.), allowing them to more effectively leverage networking to drive the needs of their business and improve service for their clients.
In this difficult economy, highly-skill jobs associated with the ICT sector are particularly at risk – jobs that are critical to the Province’s innovation agenda. The Canadian ICT workforce is currently approaching 600,000 employees. In the current economic climate, the retention of many of these workers is undoubtedly at risk, as companies struggle to deal with increasing competition and market pressures.
High-tech employment is especially critical to communities like Ottawa, as it helps to spawn other jobs in related and support sectors, and helps attract businesses that seek to become part of, and leverage, the ICT ecosystem here. A few large anchor ICT companies like Nortel have helped to trigger a rich ecosystem of supply chain and support companies in Ottawa. The retention of the nearly 82,000 jobs tied to the high tech sector jobs will be a decisive factor for Ottawa’s future economic health. In 2007, Nortel spent approximately $150 million with suppliers and partners in the Ottawa region alone. In addition, Nortel’s employment also supports 18,000 infrastructure positions in the community (based on the commonly recognized model that each high-technology job generates the need for another four jobs in the region’s services sector). This mix of a few large anchor companies and many small businesses and start-ups is important to the success of a strong value chain for Canada’s globally focused ICT sector. As of January 2008, only 8 per cent of Ottawa’s tech companies employed more than 100 people; and 50 per cent of the companies employed fewer than 10 people.
Considering that high tech jobs have a catalytic effect on the economy, the loss of these jobs would have far-reaching consequences at the local, provincial and national levels. As such, investments in ICT will spur new, export ready capabilities and jobs in innovative areas that represent tomorrow's growth industries.
We urge you, therefore, to factor ICT into any economic stimulus/infrastructure investment plans currently being developed – and to take any other measures possible to support this critical Canadian industry. Let’s protect and enhance this vital sector through R & D and infrastructure investment, as well as through all means possible, including improved procurement policy and venture/equity capital support to grow viable ICT companies. Let’s preserve ICT as a Canadian, Ontario and Ottawa core competency and a strategic lever for Canada.
Sincerely,
Mayor Larry O’Brien
cc The Honourable Dalton McGuinty, MPP, Premier of Ontario
The Honourable Jim Watson, MPP, Minister of Municipal Affairs and Housing
L’honorable Madeleine Meilleur, depute provinciale Ministre des Services sociaux et communautaire, Ministre déléguéé aux Affaires francophones
Mr. Phil McNeely, MPP, Parliamentary Assistant to the Minister of Energy and Infrastructure
Mr. Yasir Naqui, MPP, Parliamentary Assistant to the Minister of Revenue
Ms. Lisa MacLeod, MPP
[/FONT]
 
The Globe & Mail is reporting that Nortel is expected to file for bankruptcy protection as early as today.
 
January 14, 2009, 9:06 am
Nortel Files For Bankruptcy Protection

Posted by Eric Savitz
Nortel Networks (N) has filed for protection from creditors under the bankruptcy laws, according to a bulletin from the Wall Street Journal. No details yet; there is no information on the company’s Web site, no filings with the SEC and no news releases on the move by the company.
Nortel’s shares were down sharply on Tuesday on market worries that the company would not be able to make $107 million in interest payments due this week on its debt, according to a report yesterday afternoon from Reuters.
The Toronto Globe and Mail this morning reports that the company is likely to be broken up and sold in pieces to its rival in the networking equipment business. The report said Nortel filed for bankruptcy protection in Delaware, and would do the same in Toronto, where the company is based. The Globe and Mail noted that the company at its peak in 2000 had a market cap of $366 billion (Canadian) and 95,000 employees; it now has a staff of 26,000.
In pre-market trading, Nortel shares are down 25 cents, or 77.3%, to 7 cents. The stock fell 10 cents yesterday, a decline of 23.8%. At the end of 2007, the stock was trading at $14.95. The subsequent fall has wiped out $7.4 billion in market value.
Permalink | Trackback URL: Tech Trader Daily - Barron’s Online : Nortel Files For Bankruptcy Protection
 
NT ( meaning notorious?) shares will go down to $0 very soon.
 
Nortel sign in New York has turned to "NRTLE.PK"

A giant falls to the ground today.
 
"Nortel is a company that has more debt than it has cash, is cash flow negative, and whose pension obligations are almost certainly rising in current capital markets," said Duncan Stewart, analyst at DSAM Consulting in Toronto.
"For them not to be talking with bankruptcy experts would be imprudent, foolish, unwise -- pick a word."
It's also doubtful that the Canadian government would intervene. Although it has been a Canadian business icon for more than a century, it has only about 6,500 employees here, or 20 per cent of its global workforce.
It has drastically curtailed operations in Montreal and Calgary where it once was a giant. The Calgary campus just went on the market. Even in Ottawa, where it still has 4,200 employees, the workforce is at the lowest level in almost 25 years.
An auction of Nortel assets has already begun.
The dissolution of the full-line telecommunications equipment company started with the sale of some key wireless assets to Alcatel two years ago and the transfer of WiMAX technology to an Alvarion this year.
In November it reorganized the three major divisions to make them more attractive to potential buyers.
But efforts to sell the metropolitan ethernet networks division are going slowly, though the forsale sign has been up for a month.
Potential buyers like Ericsson, Alcatel-Lucent, Nokia-Siemens, Cisco or Huawei are likely interested in the valuable Nortel optical assets. The company has 37 customers, including Telus, for advanced 40 gigabit optical networking equipment to ease the pressure on their networks.
Unfortunately, most of those potential buyers are wrapped up in their own recession problems. If they are bidding, the price is likely far below the $1 billion price that Nortel might have fetched in happier times.
 
buying it at PINK Sheet will be soon ! 就差临门一脚。

接着等。。。 :D:D:D:D:D


KAO, 以后不乱说了,才不到2个月就去PINK 市场交易了。真没趣。 :D:D:D:D

说真的,及时政府来救Nortel,也就是延迟Nortel 的死亡。。。

到时我们在来看这个贴,我真希望这次让我错一次。


 
加拿大政府肯定要先做个姿态来救Nortel。。 Nortel前途现在有三种可能:
1。经过重组,重获新生----- do you think it is possible ? ;)
2. 分解,卖一些部门,或整个公司被Nokia,Cisco 买去?
3。不说大家都知道。。
 
The dying process has taken too long and in this process, more investor's money has been sucked into it. If I were an investor, I would feel cheated. And in this process, it has also made some people rich, especially the former and current managements. It was a pride for Canada. It is a shame for Canada. Bre-X happened again.
Hope this page will be turned soon.
 
等NORTEL的股价跌到0.2 以下,就买点放到十年后.
 
人心散了,队伍不好带了.

从上到下都在找退路,能捞一笔(包裹费)就捞一笔,根本没有背水一战的气势.

北电就这样的轰然倒下,连一点请求政府帮助的情愿和游行都没有. 如果现在有北电的员工或家属能在国会上拉上一面大旗: "Mr. Harper, Please Help Nortel", 股民还有点反弹希望. 如果国会山没动静,就别折腾了.

今天政府就临时通过EDC借了3000万加币,也就够付水电费之类了. 给美国汽车大哥可是借了几十亿美元. 加拿大政府真是弱. 这样下去加拿大肯定要沦落了.
 
等NORTEL的股价跌到0.2 以下,就买点放到十年后.

你说的是0.2 cents 吧?

你现在就可以买了,买了以后再买个漂亮一点的像框,把它装起来挂在墙上,“放到十年后” 可以怀念一下。
 
In the Summer 2000, Nortel used to be the 12th largest company in the world and more than twice the size of the top-ten financial companies in Canada put together.
 
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