Breakingviews | Nortel

Considered view

14 Jan 2009 18:05

Busted (yet) flush

By Robert Cyran

Simply complete all fields and click Submit.

First name

Last name

Email address

Email again

Company

Sector

Telephone

Country

I agree to the terms and conditions of use appropriate to my region.

About Us

Breakingviews.com is the world's leading source of agenda-setting financial insight. breakingviews has 25 correspondents and columnists based in London, New York, Paris, Washington, San Francisco and Madrid. Our aim is to become the lingua franca for the global financial community. Our real-time subscription service currently reaches around 15,000 financial professionals such as investment bankers, senior corporate executives, hedge fund managers, lawyers and private equity professionals.

We reach a broader audience of nearly 4.5m investors and opinion-formers via columns in the following influential newspapers: The New York Times (USA), The Telegraph (UK), The International Herald Tribune, Le Monde (France), El Pais and Cinco Dias (Spain), Handelsblatt (Germany), La Stampa (Italy), NRC Handelsblad (Netherlands), The National (UAE), The Business Times (Singapore), Mint (India) and L’Agefi (Switzerland).

The Canadian tech group has gone bust – despite holding $2.4bn of cash on its balance sheet. Filing now, while burning cash, nonetheless allows it to avoid expensive debtor-in-possession financing. Other troubled but cash-rich firms, such as GM, should take note.

Sign up for a free trial to read the rest of this subscriber-only content, or if you are already a member please sign in here.

Forgotten your password? Get a password reminder.

Skip to:

Busted (yet) flush

About Us