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nerdlywehunt Oct 3, 7:32 p.m.
Still trying to find out about my Nortel pension??????????? Incompetence and greed is what destroyed Nortel.......the Canadians got the Gold mine and the American workforce got the shaft.....as usual
golorealist Oct 3, 2:54 p.m.
"“Hackers are what brought Nortel down,”"
this is called denial. inept management, named john roth and frank dunn, brought nortel down.
Obamacare for everyone Oct 3, 1:15 p.m.
Investigators ultimately found about $3 billion in revenue had been booked improperly in 1998, 1999, and 2000. More than $2 billion was moved into later years, about $750 million was pushed forward beyond 2003 and about $250 million was wiped away completely. The accounting scandal hurt both Nortel's reputation and finances, as Nortel spent an estimated US$400 million on outside auditors and management consultants to retrain staff
-Va- Oct 3, 12:46 p.m.
“Hackers are what brought Nortel down,” he said.
It wasn't hackers. It was the Chinese. http://wraltechwire.com/canada-may-not-occupy-former-nortel-hq-due-to-chinese-bugs-/12946055/
Mo Blues Oct 3, 12:13 p.m.
xylem01: "If another company can under-bid you, then you are charging to much to begin with. It's called GREED! Nortel, you should have had your prices in check to begin with. No sympathy from me."
A corporation is a financial fiction created to conform to property rights law. Be definition, a company cannot be "greedy" - only a human.
I am working on a project now where we underbid a competitor who was charging very reasonable and cost-effective rates. We still are willing to take a loss for a year to prove our services are superior and we will then offer to do the job for what the previous company charged.
This happens all the time. Too bad you don't have any real-world business experience. Thanks for coming on here to prove it for everyone to see.
Obamacare for everyone Oct 3, 11:48 a.m.
They probably should have hired a younger IT guy. It's obvious this man was clueless as to how to implement adequate network security.
Hacking didn't bring down Nortel, corporate greed, lies and deception did.
GravyPig Oct 3, 11:27 a.m.
I had no idea we had so many network security and business experts on here.
Whatever caused Nortel's downfall you have to admit that having trade secrets and a security breach (that went on for who knows how long before they caught it) played a part in their failure.
davidgnews Oct 3, 10:29 a.m.
“Hackers are what brought Nortel down,” he said.
Good one. How about mismanagement by the corporate "leadership?" That had more to do with it than anything.
This is guy is really building himself up here, nothing more. He doesn't deserve this kind of air time.
harmstrong4 Oct 3, 10:14 a.m.
dang...whole lot of ex NTers on here. When I got my notice that I was being down sized, I got picked up by Alltel in Raleigh. Spent 3 years there preparing Motorola switches to work with the Nortel Switches...Then Verizon bought up Nortel and I said bye bye....Translations Engineer. Probably taught bunch of guys. Good Luck.
harmstrong4 Oct 3, 10:08 a.m.
Sorry Brian: that is pure baloney...the CEO and his cronies brought Nortel down. I was there from 1996 to 2005 when the stool hit the fan all because the CEO sold Fiber Optics knowing we did not have that perfected. Dont blow your story up with zero facts.
dws Oct 3, 9:57 a.m.
"This article places way too much blame on outsiders, and not enough on the leadership void. Blaming hackers for Nortel's demise is like blaming the carpenters for the Trojan Horse."
Amen! says a 20+ year NT'er.
jg01 Oct 3, 9:42 a.m.
for the folks saying this guy is no expert, i don't see where he claimed to be. but as the security adviser, he ADVISED the company to bring in the experts, as the article states: 'He even asked his bosses to bring in the FBI, he says, but his warnings weren’t taken seriously enough.'
they did not listen to him, so bye bye 9000 jobs.
rangerfred Oct 3, 9:19 a.m.
One more thing about the "hacking." Shortly after seperation, I was in a "recruiting meeting" hosted by Huawei, a Chinese manufacturer of Telecom equipment. There were probably 40 people in the meeting I attended, and it was one of several meetings. I aways wondered how Huawei got the email addresses of so many former Nortel employees.
Hacking--probably a valid concern, but not the reason for the collapse of Nortel.
rangerfred Oct 3, 9:14 a.m.
Greed? Perhaps, but not because we (Yes--I'm a former employee) could not match the price of the Chinese. That's a silly notion, one that oes not consider the underhanded business practices of the Chinese.
While the assertions of being hacked were rumored internally for years, Nortel went own because of corruption, a void of leadership, and absolutely stupid decisions. Example: We spent billions on a company named Xyros and never reaped a single $$ in return. We gobbled up companies like it was Black Friday, and in most cases, never capitalized. The future was cast when we forsook our base business--Telecom. Wireless & Optical were solid contributors as well, but the decisions on the Data and enterprise side were laughable.
This article places way too much blame on outsiders, and not enough on the leadership void. Blaming hackers for Nortel's demise is like blaming the carpenters for the Trojan Horse.
xylem01 Oct 3, 8:47 a.m.
If another company can under-bid you, then you are charging to much to begin with. It's called GREED! Nortel, you should have had your prices in check to begin with. No sympathy from me.
hi_i_am_wade Oct 3, 8:22 a.m.
Brian Shields doesn't really sound like an expert, but he is right about China. It is a well-known secret that China performs a lot of hacking to take intellectual property. Because China has what is called "the great firewall of China" and can monitor everything on their part of the internet, it is believed this is done with the permission of the government. China, being communist, constantly manipulates their currency to keep their products cheap. This ensures businesses keep buying cheaper Chinese made products, which in turn keeps the money flowing into China.
The US cannot do anything about this because China owns so much US debt. The only way to fix the problem is for corporations to stop making things in China. This will, of course, significantly raise the cost for most everything.
lwe1967 Oct 3, 8:13 a.m.
There are crooks all over. They need catch these bad people.
hardycitrus Oct 2, 7:59 p.m.
You put "root kit" software on UBS drives and drop a couple around the company parking lot. Employees will find them and stick them into their USB ports, which are behind the firewall. Now the company is wide open without anyone hacking their way in.
balog Oct 2, 7:50 p.m.
There are those of us on here that know about this guy. He is no expert by any stretch.
Mo Blues Oct 2, 7:41 p.m.
I know lots of people in this field, and I've never heard of this guy until now. If what he says is even remotely true, I sure wouldn't hire him. It sounds like he stood around crying for help instead of dealing with the problem. If, as he says, "we took a long time trying to figure it out and couldn't do it," why is he interviewed as an expert?
He fingers the Chinese with absolutely ZERO proof.
Must be a slow news day.
Quagmire Oct 2, 7:19 p.m.
Nortel was destroyed by executives cooking the books, not hackers.
Hubris Oct 2, 7:01 p.m.
"Attempting to state that hacking and theft of trade secrets brought down Nortel is absurd."
Agreed! This guy is a media HACK.
Hubris Oct 2, 7:01 p.m.
"“Hackers are what brought Nortel down,” he said.
Sounds like someone is trying to parlay their supposed security expertise into the world of mass media. I don't know how good he is at security, apparently not too good, but he is definitely good at self promotion.
Justic4All Oct 2, 6:57 p.m.
I'd be checking out who he talked to. Bank accounts, current addresses and properties. Did he talk to Roth? Read a little, sure there was greed but I think it was incompetence of the execs that brought down Nortel. One question I always wanted answered is, "Why did the Board of Directors always bring in such inept CEO's?" Dr Paul Sterns who wasn't a Dr. and he decimated the wireless organization because he didn't believe. He always wanted to talk his submarine cable purchase. Roth and company who just raped the company. ZMAN who's ship never had a rudder in the water and its sails were always full of his own hot air. I'd love to see how The Board of Directors made out in this fiasco. They should be investigated!
westernwake1 Oct 2, 6:31 p.m.
Hackers did not bring down Nortel. The incompetence and greed of Nortel executives brought down Nortel.
Attempting to state that hacking and theft of trade secrets brought down Nortel is absurd. The reality is that all the competitors both off-shore and on-shore came out with better, faster, and cheaper equipment and Nortel failed to adapt to the modern era.
sloan89 Oct 2, 6:15 p.m.
I agree with balog. It was mismanagement not espionage that took Nortel down.
balog Oct 2, 6:05 p.m.
What led to the collapse was buying bay networks, dumping their bread and butter business in telecom and trying to take down cisco buying up crumbs in silicon valley (remember corning networks). Puuhllease. Do some background investigation before you interview attention hounds like this guy.
Published: 2007-10-05 09:38:00
Updated: 2014-06-24 16:03:36