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Technology Stocks : SDLI - JDSU transition

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To: pat mudge who wrote (1454)5/10/2001 7:12:22 PM
From: Sultan  Read Replies (1) of 3294
 
OT

Monday 7 May 2001

Nortel in the rear-view mirror

The souring economy has accelerated the number of senior staff departures. Don't panic. Ottawa will be richer for it

James Bagnall
The Ottawa Citizen

Dave Cuddy knew something big was up. Only days after returning from Christmas holidays early this year, the Nortel manager received an e-mail instructing him and his 30-plus employees to show up for a group meeting.

At the appointed hour, the team assembled in a conference room in the northwest quadrant of Nortel's sprawling R&D campus in west Nepean. The Internet specialists listened quietly as an outside Nortel manager explained the company would be laying off 800 workers worldwide -- and that Cuddy's group would be among the casualties.

ottawacitizen.com
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