Nortel wasn’t killed by Huawei stealing their IP, which certainly did happen. They tanked themselves with some terrible accounting that hid the terrible situation they put themselves in. Nortel and Enron are the reason GAAP is the gold standard and legally required to be reported these days.
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Interesting story. I wonder what would have happened if Nortel produced the phones in Canada.
In that era, someone else in the telecoms business would have gone to China for production to compete with Nortel.
Results likely wouldn’t have been all that different.
Nortel wasn’t killed by Huawei stealing their IP, which certainly did happen. They tanked themselves with some terrible accounting that hid the terrible situation they put themselves in. Nortel and Enron are the reason GAAP is the gold standard and legally required to be reported these days.
Hmm; I wish the mods told me why they removed my comment so I don’t do it again.
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