Creative destruction in Canada

Re. Did you think Nortel was Canada's only high-tech enterprise: Dana, please. First off, we've all know Nortel was on its
way out for a number of years. I've worked with numerous
people who lost their jobs at Nortel. Oh well. Poorly run
company fails. What's new? They missed the data boat and
no they wouldn't have been pressured by open source
firms any more than Cisco is.

Any one heard of RIM? How about Bombardier (corporate
jets, trains, buses)? It is true that Canada once led in
telecommunications technologies - but that was pre-
Nortel in the Bell Northern Research days, before Bell
Canada was privatized. Bell's, and hence Nortel's being a
spin-off of Bell, downfall began the day it became a
private company. We've all seen the then-mighty telecom
companies fall post-private due to the cuts to their
margins and resulting lowering of R&D spend. It's
unfortunate but in a market economy - where value is king
- it's what happens.

I agree with your conclusion however - that what we are
seeing in these instances is creative destruction. I'd like to
believe that something new and better will rise from the
ashes.; Posted by: asad.quraishi@... Posted on: 06/23/09 You are currently: a Guest | Members login | Terms of Use

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