Nortel Buzzboard

Philippe Morin, Nortel President of Metro Ethernet NetworksPhilippe Morin is the president of Nortel’s Metro Ethernet Networks (MEN) business.  With yesterday’s announcement on the intent to find a buyer for Nortel’s Metro Ethernet Networks (MEN) business, his insight and opinions obviously became of increased interest to those following Nortel.

Yesterday, Philippe talked to Phil Harvey of Light Reading, the leading industry pub for coverage of the optical market.  You can read the entire Q&A with Light Reading on their website here.  Below are a few excerpts of various questions and answers from the interview.

Light Reading: Why is Nortel selling its Metro Ethernet Networks group?

Philippe Morin: The reason we’re …

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As you would expect, there has been a ton of coverage from yesterday’s Nortel news.  Since I obviously can’t include all the coverage, I figured I’d pull some quotes that have shown up in various articles from the last day.

Multiple news outlets pulled this Mike Z quote directly from the conference call: “The status quo is not an option for Nortel.”
This Mike Z quote from the call was also picked up several times: “We understand this is a pivotal moment for Nortel.”
In an interview with Reuters, George Riedel said that Nortel will seek “some form of partnership that would either de-risk the investment or improve the revenue footprint” in the wireless sector.
In an interview with the Globe & Mail, …

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