TOPS - Traffic Operator Position System is a computerized operator telephone switchboard designed by Bell-Northern Research Labs for the SP-1 4 Wire Switch in the early 1970s and still widely used today by toll and directory-assistance operators. The terminals known as 'TOPS Positions' are usually connected to NortelDMS-100 and DMS-200 telephone switches.
Systems
Below are some of the different TOPS systems developed:
TOPS Multipurpose Position. An earlier-generation operator position for toll and assistance and directory assistance.
A previous-generation operator position based on industry-standard personal computer customized with Nortel Networks components and interfaces to provide connectivity with IBM directory databases.
Traffic Operator Position System. Nortel Networks' operator services system based on the DMS TOPS switch.
TOPS Position Controller. (Previous generation equipment required for TOPS MP positions) The processing unit that provides intelligence and interfaces to the switch for up to four TOPS MP operator positions.
Topsæ is a lake in the municipality of Bygland in Aust-Agder county, Norway. It is located 3 kilometres (1.9mi) east of lake Hovatn, about 10 kilometres (6.2mi) northeast of the village of Åraksbø. The Topsæfossenwaterfall is located at the north end of the lake at the primary inflow.
Tops Friendly Markets was co-founded by Armand Castellani, who was born in 1917 in a village outside of Rome, Italy. His family came to the United States in 1920, and eventually settled in Niagara Falls, where his father, Ferrante, opened a small neighborhood grocery store.
Following his mother's death in 1933, Castellani left school to help manage the store. He continued to do so until joining the Army in 1941. He attained the rank of captain after five years' service.
After World War II, Castellani returned to the family business. In 1951, he set out on his own and opened the Great Bear Market in Niagara Falls. Shortly thereafter, he partnered with Thomas Buscaglia, owner of a grocery equipment firm, T.A. Buscaglia Equipment Co. Throughout the 1950s, Buscaglia, as CEO, and Castellani worked together, entering into a cooperative agreement with other small stores to build the foundation of what was to become the Tops Friendly Markets chain.
Three former Nortel executives have been found not guilty after one of the largest criminal trials in Canadian history. Lawyers for the execs, who were accused of multimillion-dollar fraud, say they are pleased with the decision.
published: 10 Jul 2013
How Nortel Networks Became the Enron of Canada
Head to https://brilliant.org/wallstreetmillennial/ to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.
In this video, we delve into the intriguing story of Canada's former telecommunications giant, Nortel Networks. At the dawn of the new millennium, Nortel was an industry leader, a powerhouse that played a key role in the global telecommunications landscape. Its infrastructure was pivotal, carrying an estimated two-thirds of all internet traffic in North America in the year 2000. Nortel, with its staggering 90,000 employees, not only stood as the largest company in Canada, but also represented one-third of the value of the Toronto Stock Exchange.
However, the company's astounding success proved to be transient. The burst of the tech bubb...
published: 06 Jun 2023
Inside the Chinese military's cyberattack on Nortel
A former security official at Nortel is claiming that top-secret plans flowed out of Nortel executives' accounts, their destination being several mysterious Internet addresses in China.
Yet Nortel management did not consider the hacking a serious issue in 2012 as they fell into bankruptcy.
Sam Cooper has more on the cyberhack and what the security official says the Canadian government should have done.
For more info, please go to https://globalnews.ca/news/7275588/inside-the-chinese-military-attack-on-nortel/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Canada #China #Nortel #hu...
published: 26 Aug 2020
Nortel's patents sold to group including Apple, RIM
Apple and Research In Motion are part of a winning consortium of six companies buying bankrupt Nortel Networks' remaining portfolio of 6,000 patents and patent applications. The group includes Microsoft, EMC, Sweden's Ericsson and Sony.
The price - $4.5 billion (3.1 billion euros) - was about three times what the sale had been expected to raise, underlining the defensive value of intellectual property in the fast-changing telecoms world, where established players are seeking to keep out newer rivals.
...
http://www.euronews.net/
published: 02 Jul 2011
Nortel M2008 Digital Modular Telephone
Meridian Aries II Modular Telephones
published: 08 Apr 2014
Sinking in Scandal: A Canadian Tragedy
As Canada's most valuable company, Nortel entered the 2000s with a boom. It would not survive the next decade. Part 2 of 2.
Get Nebula using my link for 40% off an annual subscription: https://go.nebula.tv/bobbybroccoli
Part 1: https://youtu.be/I6xwMIUPHss?si=VJ2QiWiDeg6TYhBs
I'm on sites! :
https://twitter.com/bobbybroccole
https://www.patreon.com/bobbybroccoli
People to thank:
Subtitles provided by @redslendy
Charlie Arsenault – Assistant Editor
@ThePlainBagel on Youtube for providing me with Nortel’s stock price data
@ChrisHanel on Youtube for extensive Blender Geometry Nodes assistance
@hotcyder on Youtube for the thumbnail
Additional imagery licensed from Getty.
Music from the Youtube Audio Library and Epidemic Sound.
Additional music from @REPULSIVE and @WhitebatAudio
3D boat...
published: 18 Nov 2023
What Nortel Has In Store
John McHugh, vice president of enterprise data solutions at Nortel Networks, offers a peek at some new products coming down the pike.
published: 22 Jun 2009
Nortel Software Communication System (SCS)- Simple, Open Unified Communications
Nortel SCS "commercial" profiling the decision making process for unified communications and key SCS market differentiators
published: 05 Aug 2009
Nortel Networks - The Making of Come Together (1999)
published: 09 Jun 2023
Nortel Networks "Answer to the Question"
Advertisement from 2000. The question was "What do you want the Internet to be?"
Three former Nortel executives have been found not guilty after one of the largest criminal trials in Canadian history. Lawyers for the execs, who were accused ...
Three former Nortel executives have been found not guilty after one of the largest criminal trials in Canadian history. Lawyers for the execs, who were accused of multimillion-dollar fraud, say they are pleased with the decision.
Three former Nortel executives have been found not guilty after one of the largest criminal trials in Canadian history. Lawyers for the execs, who were accused of multimillion-dollar fraud, say they are pleased with the decision.
Head to https://brilliant.org/wallstreetmillennial/ to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.
In th...
Head to https://brilliant.org/wallstreetmillennial/ to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.
In this video, we delve into the intriguing story of Canada's former telecommunications giant, Nortel Networks. At the dawn of the new millennium, Nortel was an industry leader, a powerhouse that played a key role in the global telecommunications landscape. Its infrastructure was pivotal, carrying an estimated two-thirds of all internet traffic in North America in the year 2000. Nortel, with its staggering 90,000 employees, not only stood as the largest company in Canada, but also represented one-third of the value of the Toronto Stock Exchange.
However, the company's astounding success proved to be transient. The burst of the tech bubble led to a catastrophic plunge in Nortel's share price, obliterating billions in shareholder value. In the midst of the company's nosedive, scandal erupted, with allegations of top executives concocting a scheme to manufacture counterfeit profits, lining their own pockets with millions in bonus payments.
Despite efforts to compete and regain stability after the fraud was unveiled, Nortel continued its descent. The company filed for bankruptcy protection in 2009, marking the end of an era for Canada's largest ever company. With this video, we invite you on a journey through the astonishing rise and precipitous fall of Nortel Networks. Get ready for a riveting exploration into one of the most dramatic tales in the telecommunications industry.
0:00 - 2:37 Intro
2:38 - 6:22 The bubble
6:23 - 14:18 The fraud
14:19 The collapse
Email us: [email protected]
Support us on Patreon: https://www.patreon.com/WallStreetMillennial?fan_landing=true
Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #canada
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
Head to https://brilliant.org/wallstreetmillennial/ to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.
In this video, we delve into the intriguing story of Canada's former telecommunications giant, Nortel Networks. At the dawn of the new millennium, Nortel was an industry leader, a powerhouse that played a key role in the global telecommunications landscape. Its infrastructure was pivotal, carrying an estimated two-thirds of all internet traffic in North America in the year 2000. Nortel, with its staggering 90,000 employees, not only stood as the largest company in Canada, but also represented one-third of the value of the Toronto Stock Exchange.
However, the company's astounding success proved to be transient. The burst of the tech bubble led to a catastrophic plunge in Nortel's share price, obliterating billions in shareholder value. In the midst of the company's nosedive, scandal erupted, with allegations of top executives concocting a scheme to manufacture counterfeit profits, lining their own pockets with millions in bonus payments.
Despite efforts to compete and regain stability after the fraud was unveiled, Nortel continued its descent. The company filed for bankruptcy protection in 2009, marking the end of an era for Canada's largest ever company. With this video, we invite you on a journey through the astonishing rise and precipitous fall of Nortel Networks. Get ready for a riveting exploration into one of the most dramatic tales in the telecommunications industry.
0:00 - 2:37 Intro
2:38 - 6:22 The bubble
6:23 - 14:18 The fraud
14:19 The collapse
Email us: [email protected]
Support us on Patreon: https://www.patreon.com/WallStreetMillennial?fan_landing=true
Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #canada
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
A former security official at Nortel is claiming that top-secret plans flowed out of Nortel executives' accounts, their destination being several mysterious Int...
A former security official at Nortel is claiming that top-secret plans flowed out of Nortel executives' accounts, their destination being several mysterious Internet addresses in China.
Yet Nortel management did not consider the hacking a serious issue in 2012 as they fell into bankruptcy.
Sam Cooper has more on the cyberhack and what the security official says the Canadian government should have done.
For more info, please go to https://globalnews.ca/news/7275588/inside-the-chinese-military-attack-on-nortel/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Canada #China #Nortel #huawei
A former security official at Nortel is claiming that top-secret plans flowed out of Nortel executives' accounts, their destination being several mysterious Internet addresses in China.
Yet Nortel management did not consider the hacking a serious issue in 2012 as they fell into bankruptcy.
Sam Cooper has more on the cyberhack and what the security official says the Canadian government should have done.
For more info, please go to https://globalnews.ca/news/7275588/inside-the-chinese-military-attack-on-nortel/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Canada #China #Nortel #huawei
Apple and Research In Motion are part of a winning consortium of six companies buying bankrupt Nortel Networks' remaining portfolio of 6,000 patents and patent ...
Apple and Research In Motion are part of a winning consortium of six companies buying bankrupt Nortel Networks' remaining portfolio of 6,000 patents and patent applications. The group includes Microsoft, EMC, Sweden's Ericsson and Sony.
The price - $4.5 billion (3.1 billion euros) - was about three times what the sale had been expected to raise, underlining the defensive value of intellectual property in the fast-changing telecoms world, where established players are seeking to keep out newer rivals.
...
http://www.euronews.net/
Apple and Research In Motion are part of a winning consortium of six companies buying bankrupt Nortel Networks' remaining portfolio of 6,000 patents and patent applications. The group includes Microsoft, EMC, Sweden's Ericsson and Sony.
The price - $4.5 billion (3.1 billion euros) - was about three times what the sale had been expected to raise, underlining the defensive value of intellectual property in the fast-changing telecoms world, where established players are seeking to keep out newer rivals.
...
http://www.euronews.net/
As Canada's most valuable company, Nortel entered the 2000s with a boom. It would not survive the next decade. Part 2 of 2.
Get Nebula using my link for 40% o...
As Canada's most valuable company, Nortel entered the 2000s with a boom. It would not survive the next decade. Part 2 of 2.
Get Nebula using my link for 40% off an annual subscription: https://go.nebula.tv/bobbybroccoli
Part 1: https://youtu.be/I6xwMIUPHss?si=VJ2QiWiDeg6TYhBs
I'm on sites! :
https://twitter.com/bobbybroccole
https://www.patreon.com/bobbybroccoli
People to thank:
Subtitles provided by @redslendy
Charlie Arsenault – Assistant Editor
@ThePlainBagel on Youtube for providing me with Nortel’s stock price data
@ChrisHanel on Youtube for extensive Blender Geometry Nodes assistance
@hotcyder on Youtube for the thumbnail
Additional imagery licensed from Getty.
Music from the Youtube Audio Library and Epidemic Sound.
Additional music from @REPULSIVE and @WhitebatAudio
3D boat models are Royalty free assets:
https://www.cgtrader.com/free-3d-models/watercraft/industrial-watercraft/polygrunt-low-poly-boat-or-water-craft-or-sea-vehicle
https://cults3d.com/en/3d-model/game/ss-edmund-fitzgerald-final
https://www.cgtrader.com/free-3d-models/watercraft/recreational-watercraft/sailboat--10
https://www.cgtrader.com/free-3d-print-models/miniatures/vehicles/simple-ns-savannah-version-two
Edmund Fitzgerald Bell Picture licensed under the Creative Commons Attribution 2.0 Generic license: https://commons.wikimedia.org/wiki/File:Bell_from_the_SS_Edmund_Fitzgerald_(36255067084).jpg
A note on interviews: I spoke to over a dozen former Nortel employees for this series and those conversations provided many insights you'll hear throughout. Because some of the interviewees still work in the industry I have kept all names anonymous. If there is a direct quote with a name attached it's because it was a quote said publicly.
Sources:
The Bubble and the Bear – How Nortel Burst the Canadian Dream by Douglas Hunter (2002)
Nortel Networks – How Innovation Created a Network Giant by Larry MacDonald (2000)
No Fear: Tales of a Change Agent or Why I couldn’t Fix Nortel Networks by Tim Dempsey (2014)
Silicon Valley North: A High Tech Cluster of Innovation and Entrepreneurship edited by Larisa V. Shavina (2004)
Knights of the New Technology by David Thomas (1983)
Adventures in Innovation: Inside the Rise and Fall of Nortel by John F. Tyson (2014)
The Master Switch: The Rise and Fall of Information Empires by Tim Wu (2011)
100 Days: The Rush to Judgement That Killed Nortel by James Bagnall (2013)
For $ale to the Highest Bidder: Telecom Policy in Canada edited by Marita Moll and Leslie Regan Shade (2008)
The Invisible Empire: A History of the Telecommunications Industry in Canada, 1846-1956 by Jean-Guy Rens (2001)
The Avro Arrow: For the Record by Palmiro Campagna (2019)
The Deal of the Century: The Breakup of AT&T by Steve Coll (1986)
Asleep at the Switch: The Political Economy of Federal Research and Development Policy since 1960 by Bruce Smardon (2014)
Canadian Science, Technology and Innovation Policy by G. Bruce Doern, David Castle and Peter W.B. Phillips (2016)
Reconcilable Differences: A History of Canada-US Relations by Stephen Azzi (2015)
Pa Bell: The Meteoric Rise of Bell Canada Enterprises by Lawrence Surtees (1992)
Random Excess: The Wild Ride of Michael Cowpland and Corel by Ross Laver (1998)
Dot.con: How America Lost its Mind and Money in the Internet Era by John Cassidy (2002)
TV Interview with John Roth on Market Watch on CNBC, October 1999
Royal Canadian Air Farce Episode from February 23rd 2001
The Rise and demise of Lucent Technologies by William Lazonick and Edward March (2010)
Brain Drain: Why do some post-secondary Graduates Choose to Work in the United States? By Brahim Bordarbat and Marie Connolly (2013)
An Overview of the Demise of Nortel Networks and Key Lessons Learned: Systemic effects in environment, resilience and black-cloud formation, University of Ottawa (2014)
Class, Nationality and the Roots of the Branch Plant Economy by Gordon Laxer (1986)
Foreign Ownership and Myths about Canadian Development by Gordon Laxer (1985)
Gale of “Creative Destruction” Engulfs Nortel by Sanjeev Kumar Sharma (2011)
Nortel Technology Lens: Analysis and Observations by Peter MacKinnon, Peter Chapman, Hussein Mouftah, University of Ottawa (2015)
Capital Gains Taxation in Canada 1972-2017: Evolution in a Federal Setting by Francois Vaillancourt and Anna Kerkhoff (2019)
The 2010 Federal Budget – A summary of the key tax measure that have a direct impact on you – RBC Wealth Management Services, March 4th, 2010
The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth by Ashish Arora, Sharon Belenzon, Andrea Patacconi, and Jungkyu Suh (2019)
Do Tax Differences Cause the Brain Drain? By Don Wagner (2000)
The Branch Plant Economy by Stephen Clarkson (1972)
0:00 The Fitzgerald
3:08 Brain Drain
12:15 Mind the GAAP
22:00 A Good Problem to Have
37:12 Red Ink
44:05 What's Done is Dunn
57:53 Them's the Breaks
1:14:28 Cookie Jar Accounting
As Canada's most valuable company, Nortel entered the 2000s with a boom. It would not survive the next decade. Part 2 of 2.
Get Nebula using my link for 40% off an annual subscription: https://go.nebula.tv/bobbybroccoli
Part 1: https://youtu.be/I6xwMIUPHss?si=VJ2QiWiDeg6TYhBs
I'm on sites! :
https://twitter.com/bobbybroccole
https://www.patreon.com/bobbybroccoli
People to thank:
Subtitles provided by @redslendy
Charlie Arsenault – Assistant Editor
@ThePlainBagel on Youtube for providing me with Nortel’s stock price data
@ChrisHanel on Youtube for extensive Blender Geometry Nodes assistance
@hotcyder on Youtube for the thumbnail
Additional imagery licensed from Getty.
Music from the Youtube Audio Library and Epidemic Sound.
Additional music from @REPULSIVE and @WhitebatAudio
3D boat models are Royalty free assets:
https://www.cgtrader.com/free-3d-models/watercraft/industrial-watercraft/polygrunt-low-poly-boat-or-water-craft-or-sea-vehicle
https://cults3d.com/en/3d-model/game/ss-edmund-fitzgerald-final
https://www.cgtrader.com/free-3d-models/watercraft/recreational-watercraft/sailboat--10
https://www.cgtrader.com/free-3d-print-models/miniatures/vehicles/simple-ns-savannah-version-two
Edmund Fitzgerald Bell Picture licensed under the Creative Commons Attribution 2.0 Generic license: https://commons.wikimedia.org/wiki/File:Bell_from_the_SS_Edmund_Fitzgerald_(36255067084).jpg
A note on interviews: I spoke to over a dozen former Nortel employees for this series and those conversations provided many insights you'll hear throughout. Because some of the interviewees still work in the industry I have kept all names anonymous. If there is a direct quote with a name attached it's because it was a quote said publicly.
Sources:
The Bubble and the Bear – How Nortel Burst the Canadian Dream by Douglas Hunter (2002)
Nortel Networks – How Innovation Created a Network Giant by Larry MacDonald (2000)
No Fear: Tales of a Change Agent or Why I couldn’t Fix Nortel Networks by Tim Dempsey (2014)
Silicon Valley North: A High Tech Cluster of Innovation and Entrepreneurship edited by Larisa V. Shavina (2004)
Knights of the New Technology by David Thomas (1983)
Adventures in Innovation: Inside the Rise and Fall of Nortel by John F. Tyson (2014)
The Master Switch: The Rise and Fall of Information Empires by Tim Wu (2011)
100 Days: The Rush to Judgement That Killed Nortel by James Bagnall (2013)
For $ale to the Highest Bidder: Telecom Policy in Canada edited by Marita Moll and Leslie Regan Shade (2008)
The Invisible Empire: A History of the Telecommunications Industry in Canada, 1846-1956 by Jean-Guy Rens (2001)
The Avro Arrow: For the Record by Palmiro Campagna (2019)
The Deal of the Century: The Breakup of AT&T by Steve Coll (1986)
Asleep at the Switch: The Political Economy of Federal Research and Development Policy since 1960 by Bruce Smardon (2014)
Canadian Science, Technology and Innovation Policy by G. Bruce Doern, David Castle and Peter W.B. Phillips (2016)
Reconcilable Differences: A History of Canada-US Relations by Stephen Azzi (2015)
Pa Bell: The Meteoric Rise of Bell Canada Enterprises by Lawrence Surtees (1992)
Random Excess: The Wild Ride of Michael Cowpland and Corel by Ross Laver (1998)
Dot.con: How America Lost its Mind and Money in the Internet Era by John Cassidy (2002)
TV Interview with John Roth on Market Watch on CNBC, October 1999
Royal Canadian Air Farce Episode from February 23rd 2001
The Rise and demise of Lucent Technologies by William Lazonick and Edward March (2010)
Brain Drain: Why do some post-secondary Graduates Choose to Work in the United States? By Brahim Bordarbat and Marie Connolly (2013)
An Overview of the Demise of Nortel Networks and Key Lessons Learned: Systemic effects in environment, resilience and black-cloud formation, University of Ottawa (2014)
Class, Nationality and the Roots of the Branch Plant Economy by Gordon Laxer (1986)
Foreign Ownership and Myths about Canadian Development by Gordon Laxer (1985)
Gale of “Creative Destruction” Engulfs Nortel by Sanjeev Kumar Sharma (2011)
Nortel Technology Lens: Analysis and Observations by Peter MacKinnon, Peter Chapman, Hussein Mouftah, University of Ottawa (2015)
Capital Gains Taxation in Canada 1972-2017: Evolution in a Federal Setting by Francois Vaillancourt and Anna Kerkhoff (2019)
The 2010 Federal Budget – A summary of the key tax measure that have a direct impact on you – RBC Wealth Management Services, March 4th, 2010
The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth by Ashish Arora, Sharon Belenzon, Andrea Patacconi, and Jungkyu Suh (2019)
Do Tax Differences Cause the Brain Drain? By Don Wagner (2000)
The Branch Plant Economy by Stephen Clarkson (1972)
0:00 The Fitzgerald
3:08 Brain Drain
12:15 Mind the GAAP
22:00 A Good Problem to Have
37:12 Red Ink
44:05 What's Done is Dunn
57:53 Them's the Breaks
1:14:28 Cookie Jar Accounting
Three former Nortel executives have been found not guilty after one of the largest criminal trials in Canadian history. Lawyers for the execs, who were accused of multimillion-dollar fraud, say they are pleased with the decision.
Head to https://brilliant.org/wallstreetmillennial/ to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.
In this video, we delve into the intriguing story of Canada's former telecommunications giant, Nortel Networks. At the dawn of the new millennium, Nortel was an industry leader, a powerhouse that played a key role in the global telecommunications landscape. Its infrastructure was pivotal, carrying an estimated two-thirds of all internet traffic in North America in the year 2000. Nortel, with its staggering 90,000 employees, not only stood as the largest company in Canada, but also represented one-third of the value of the Toronto Stock Exchange.
However, the company's astounding success proved to be transient. The burst of the tech bubble led to a catastrophic plunge in Nortel's share price, obliterating billions in shareholder value. In the midst of the company's nosedive, scandal erupted, with allegations of top executives concocting a scheme to manufacture counterfeit profits, lining their own pockets with millions in bonus payments.
Despite efforts to compete and regain stability after the fraud was unveiled, Nortel continued its descent. The company filed for bankruptcy protection in 2009, marking the end of an era for Canada's largest ever company. With this video, we invite you on a journey through the astonishing rise and precipitous fall of Nortel Networks. Get ready for a riveting exploration into one of the most dramatic tales in the telecommunications industry.
0:00 - 2:37 Intro
2:38 - 6:22 The bubble
6:23 - 14:18 The fraud
14:19 The collapse
Email us: [email protected]
Support us on Patreon: https://www.patreon.com/WallStreetMillennial?fan_landing=true
Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #canada
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
A former security official at Nortel is claiming that top-secret plans flowed out of Nortel executives' accounts, their destination being several mysterious Internet addresses in China.
Yet Nortel management did not consider the hacking a serious issue in 2012 as they fell into bankruptcy.
Sam Cooper has more on the cyberhack and what the security official says the Canadian government should have done.
For more info, please go to https://globalnews.ca/news/7275588/inside-the-chinese-military-attack-on-nortel/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Canada #China #Nortel #huawei
Apple and Research In Motion are part of a winning consortium of six companies buying bankrupt Nortel Networks' remaining portfolio of 6,000 patents and patent applications. The group includes Microsoft, EMC, Sweden's Ericsson and Sony.
The price - $4.5 billion (3.1 billion euros) - was about three times what the sale had been expected to raise, underlining the defensive value of intellectual property in the fast-changing telecoms world, where established players are seeking to keep out newer rivals.
...
http://www.euronews.net/
As Canada's most valuable company, Nortel entered the 2000s with a boom. It would not survive the next decade. Part 2 of 2.
Get Nebula using my link for 40% off an annual subscription: https://go.nebula.tv/bobbybroccoli
Part 1: https://youtu.be/I6xwMIUPHss?si=VJ2QiWiDeg6TYhBs
I'm on sites! :
https://twitter.com/bobbybroccole
https://www.patreon.com/bobbybroccoli
People to thank:
Subtitles provided by @redslendy
Charlie Arsenault – Assistant Editor
@ThePlainBagel on Youtube for providing me with Nortel’s stock price data
@ChrisHanel on Youtube for extensive Blender Geometry Nodes assistance
@hotcyder on Youtube for the thumbnail
Additional imagery licensed from Getty.
Music from the Youtube Audio Library and Epidemic Sound.
Additional music from @REPULSIVE and @WhitebatAudio
3D boat models are Royalty free assets:
https://www.cgtrader.com/free-3d-models/watercraft/industrial-watercraft/polygrunt-low-poly-boat-or-water-craft-or-sea-vehicle
https://cults3d.com/en/3d-model/game/ss-edmund-fitzgerald-final
https://www.cgtrader.com/free-3d-models/watercraft/recreational-watercraft/sailboat--10
https://www.cgtrader.com/free-3d-print-models/miniatures/vehicles/simple-ns-savannah-version-two
Edmund Fitzgerald Bell Picture licensed under the Creative Commons Attribution 2.0 Generic license: https://commons.wikimedia.org/wiki/File:Bell_from_the_SS_Edmund_Fitzgerald_(36255067084).jpg
A note on interviews: I spoke to over a dozen former Nortel employees for this series and those conversations provided many insights you'll hear throughout. Because some of the interviewees still work in the industry I have kept all names anonymous. If there is a direct quote with a name attached it's because it was a quote said publicly.
Sources:
The Bubble and the Bear – How Nortel Burst the Canadian Dream by Douglas Hunter (2002)
Nortel Networks – How Innovation Created a Network Giant by Larry MacDonald (2000)
No Fear: Tales of a Change Agent or Why I couldn’t Fix Nortel Networks by Tim Dempsey (2014)
Silicon Valley North: A High Tech Cluster of Innovation and Entrepreneurship edited by Larisa V. Shavina (2004)
Knights of the New Technology by David Thomas (1983)
Adventures in Innovation: Inside the Rise and Fall of Nortel by John F. Tyson (2014)
The Master Switch: The Rise and Fall of Information Empires by Tim Wu (2011)
100 Days: The Rush to Judgement That Killed Nortel by James Bagnall (2013)
For $ale to the Highest Bidder: Telecom Policy in Canada edited by Marita Moll and Leslie Regan Shade (2008)
The Invisible Empire: A History of the Telecommunications Industry in Canada, 1846-1956 by Jean-Guy Rens (2001)
The Avro Arrow: For the Record by Palmiro Campagna (2019)
The Deal of the Century: The Breakup of AT&T by Steve Coll (1986)
Asleep at the Switch: The Political Economy of Federal Research and Development Policy since 1960 by Bruce Smardon (2014)
Canadian Science, Technology and Innovation Policy by G. Bruce Doern, David Castle and Peter W.B. Phillips (2016)
Reconcilable Differences: A History of Canada-US Relations by Stephen Azzi (2015)
Pa Bell: The Meteoric Rise of Bell Canada Enterprises by Lawrence Surtees (1992)
Random Excess: The Wild Ride of Michael Cowpland and Corel by Ross Laver (1998)
Dot.con: How America Lost its Mind and Money in the Internet Era by John Cassidy (2002)
TV Interview with John Roth on Market Watch on CNBC, October 1999
Royal Canadian Air Farce Episode from February 23rd 2001
The Rise and demise of Lucent Technologies by William Lazonick and Edward March (2010)
Brain Drain: Why do some post-secondary Graduates Choose to Work in the United States? By Brahim Bordarbat and Marie Connolly (2013)
An Overview of the Demise of Nortel Networks and Key Lessons Learned: Systemic effects in environment, resilience and black-cloud formation, University of Ottawa (2014)
Class, Nationality and the Roots of the Branch Plant Economy by Gordon Laxer (1986)
Foreign Ownership and Myths about Canadian Development by Gordon Laxer (1985)
Gale of “Creative Destruction” Engulfs Nortel by Sanjeev Kumar Sharma (2011)
Nortel Technology Lens: Analysis and Observations by Peter MacKinnon, Peter Chapman, Hussein Mouftah, University of Ottawa (2015)
Capital Gains Taxation in Canada 1972-2017: Evolution in a Federal Setting by Francois Vaillancourt and Anna Kerkhoff (2019)
The 2010 Federal Budget – A summary of the key tax measure that have a direct impact on you – RBC Wealth Management Services, March 4th, 2010
The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth by Ashish Arora, Sharon Belenzon, Andrea Patacconi, and Jungkyu Suh (2019)
Do Tax Differences Cause the Brain Drain? By Don Wagner (2000)
The Branch Plant Economy by Stephen Clarkson (1972)
0:00 The Fitzgerald
3:08 Brain Drain
12:15 Mind the GAAP
22:00 A Good Problem to Have
37:12 Red Ink
44:05 What's Done is Dunn
57:53 Them's the Breaks
1:14:28 Cookie Jar Accounting
TOPS - Traffic Operator Position System is a computerized operator telephone switchboard designed by Bell-Northern Research Labs for the SP-1 4 Wire Switch in the early 1970s and still widely used today by toll and directory-assistance operators. The terminals known as 'TOPS Positions' are usually connected to NortelDMS-100 and DMS-200 telephone switches.
Systems
Below are some of the different TOPS systems developed:
TOPS Multipurpose Position. An earlier-generation operator position for toll and assistance and directory assistance.
A previous-generation operator position based on industry-standard personal computer customized with Nortel Networks components and interfaces to provide connectivity with IBM directory databases.
Traffic Operator Position System. Nortel Networks' operator services system based on the DMS TOPS switch.
TOPS Position Controller. (Previous generation equipment required for TOPS MP positions) The processing unit that provides intelligence and interfaces to the switch for up to four TOPS MP operator positions.