Asides

Nortel shares fall almost 25% in 1-day, possible bankruptcy?

Wowzers – shares of Nortel Networks fell almost 25% on Tuesday… that cannot be good for business.  The shares closed at $0.38 and RBC Capital Markets analyst Mark Sue has warned that bankruptcy is a “distinct possibility”. Just 9 years ago shares were on top of the world valued at $1,100 each.

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