Too bad Nortel's not an American company, because then it might have a decent crack at some TARP funds. Perhaps an emergency merger of the US and Canada can be arranged over the weekend to allow this - hey, rules were meant to be bent.
Alcalu says, "I ain't going out like that," and brandishes its Web 2.0 credentials, threatening to escalate to Web 3.0 if necessary. Oh, and they're going to fire, sorry, I guess that's "de-friend" in Web 2.0 parlance, 6,000 people just in case. I hope this Web x.0 escalation meme doesn't catch on, because if Cisco gets onboard, we could very soon find ourselves stuck right in the middle of Web 9.0 by next weekend, and Huawei will always promise 10x more Web x.0 for half the price. It's a slippery slope.
(Meanwhile Ben Verwaayen has issued a friend request and superpoke to Gabrielle Gauthey of ARCEP. All joking aside, she was gracious enough to give me a private meeting at her office back in 2007, and I found her to be hugely impressive. To say she is well-regarded and connected is an epic understatement, and if Lucatel is in search of people of substance, they would struggle to do better.)
Nobody can lose $50bn like "The Ponz."
I guess I could keep going, but it's Friday for God's sake, there's got to be some good news somewhere, and indeed I have precisely two items:
- In a time of eroding corporate earnings, Netia in Poland has today increased guidance for the year, which means more cash.
- My friend Thomas Anglero at WiHood gave me an exclusive demo of the alpha version of WiHood Mobile. I can't really say any more, but I was extremely impressed. No doubt all will be revealed in due course.
Now, go home and have a good weekend.