Dismantling of Nortel almost complete
It seems as if more of Nortel has been sold off over the holidays. It is truly sad to see a Canadian technology giant just disappear. There is always hope that the engineering know how will stay in Ottawa, but I am personally seeing signs of engineers leaving the city. And large businesses usually employ many other types of people (for instance head office in Toronto), but that will definitely leave Canada as none of the companies that have eaten chunks of Nortel are Canadian.
They have kept the patents, which is a very good financial move as I know from the industry I work in, but selling and licensing patents is not a way for innovation–innovation that Canada sorely needs.
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