-
Website
http://www.allaboutnortel.com -
Original page
http://www.allaboutnortel.com/2008/06/24/nortel-employees-launch-lawsuit/ -
Subscribe
All Comments -
Community
-
-
Top Commenters
-
Popular Threads
All Comments
--C8j
Nortel is going to find itself in a very difficult hiring environment (already has) and is likely going to have to pay a significant premium for talent.
Thank goodness that Apple and RIM are everything that Nortel is not, or my average would be hurting. Those investments are blue chip right now because i) the leaders know their market, ii) they have category-killer products, and iii) they have clear growth strategies. Nortel used to have all that but can't claim any of these factors anymore - and the GEniuses and the dinosaurs sure as heck aren't going to change that.
The question becomes, how long will it take before the next regime change, and what form will it take?
I have had a couple of comments pending on Phil Edholm's blog since the 21st. I wonder how many other comments are waiting in the ether
Maybe it's because the core is slowing down :)
If your stuff was so hot, you'd have found a better way of offering Mark a job than posting a comment on a blog...it's tacky and shows how poor your research is that you can't find another venue. Or are you just a spambot that offers jobs to everyone??
Given Shawn (Meehan’s) shameless plug can you please do another “Some Comment Decorum, Please” before we get the (wrong) impression of your blog, yet again. And for info, we ALREADY know you are NOT just another Nortel blog; much too intelligent and multi- faceted to be mistaken for one. However, let’s just make sure no one could get a free add on your informative missive; otherwise I get ideas (you know what I mean?).
Best,
bb
PS—Shawn—You sound more like ‘Flounder than Founder ( see “The Little Mermaid” for further explanation).
Thanks for pointing out Shawn's e-mail. I'll have to update the About section to give people a way to contact me directly as opposed to leaving comments.
Nortel is going to find itself in a very difficult hiring environment (already has) and is likely going to have to pay a significant premium for talent.
--
What world are these people living in ? The North American economy is shrinking and wages are falling. Hardly anyone should have paid a premium for talent since great dot-com bust of 2001. Capital is the lifeblood of any economy and most capital is now flowing to Asia. This will have a significant impact on price inflation in North America for goods but not for wages. Expect layoffs en masse across all industries in North America. Banks are restricting capital even further. Global slowdown ahead.
Most _good_ companies have a very good cash reserve. There are huge amounts of cash on the sidelines. I predict a short recession, if at all.
http://www.bnn.ca/news/1931.html
The americans should just *buy* canada. Give every man, woman and child a million (US) dollars and they would all move to florida. Then the US would have a place to test cruse missiles :)
when you do not have an economy what are you going to test cruise missiles for. everybody knows what kind of a hole the US is in right now.
How are you defining a recession ? If its by GDP, then that is an outdated definition as the NBER defines it now by any significant slowdown in economic activity. History will show that recession started in Q4 of 2007 and will last well into 2009. Equities markets are disconnected from realities on the ground. Using telecommunications will certainly help but even this won't matter as consumer spending is what drives most of the global economy because of imports into the US. Consumer spending here in the US is drying up like a mirage in the desert as most money goes towards rising food and energy prices. No recovery in housing prices in sight either as this has started to spread globally now.
By the way, if you don't think there is already a slowdown you are sorely out of touch with reality. Earnings and profits peaked a couple of years ago and are headed nowhere but down.
http://globaleconomicanalysis.blogspot.com/2008...
Mike Shedlock has been dead on with his predictions and analysis since the credit crunch ensued last year. Things are going to be a lot worse than most people think because there was more credit creation in the last 7 years than in the previous 30 years combined.
Looking at the micro won't help. The Federal Reserve is now in discussions to relax regulations regarding banking ownership rights of Private Equity groups like Carlyle and KKR. These are desperate times at the Fed and banking system. Clearly the companies that need the cash the most don't have it - that's the entire banking system. They still have another $1 trillion in writedowns and no one is riding in on a white horse with that kind of money to rescue the banking system.
http://www.erisafraud.com/Default.aspx?tabid=1083
On the other hand, the real solution is to shake our dependency on oil and create new industries around new energy alternatives and let the oil industry go the way of the railroads. Our addiction to oil is like Nortel's addiction to CDMA. In both cases it's a serious near term problem and leaders in charge of finding a solution are <censored>.