Nortel Files For Bankruptcy Protection
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/511876815/Posted on Wednesday, January 14th, 2009 | In Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Wednesday January 14, 2009
Navivest
Canadian telecom networking company Nortel has today, filed for bankruptcy protection in the United States.
The company has been faced with quite a few challenges over the past eight years and this bankruptcy filing was an inevitability that the company has been pushing off for quite a while.
The U.S. traded shares, which closed at $0.32 in regular trading yesterday, are down $0.25 in pre-market trading.
Tags: Nortel Bankruptcy
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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