{"id":85883,"date":"2024-02-27T02:00:52","date_gmt":"2024-02-27T07:00:52","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=85883"},"modified":"2024-02-26T09:27:49","modified_gmt":"2024-02-26T14:27:49","slug":"the-company-that-broke-canada","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2024\/02\/27\/the-company-that-broke-canada\/","title":{"rendered":"The Company that Broke Canada"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"854\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/I6xwMIUPHss?si=1hIc5RoKGybWxXSo\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<blockquote><p>BobbyBroccoli<br \/>\nPublished Nov 4, 2023<\/p>\n<p>For a brief moment, Nortel Networks was on top of the world. Let&#8217;s enjoy that moment while we can. Part 1 of 2. <\/p>\n<p>00:00 This is John Roth<br \/>\n02:04 The Elephant and the Mouse<br \/>\n12:47 Pa without Ma<br \/>\n26:27 Made in Amerada<br \/>\n42:15 Right Turns are Hard<br \/>\n57:43 Silicon Valley North<br \/>\n1:07:37 The Toronto Stock Explosion<br \/>\n<!--more--><\/p>\n<p>People to thank:<br \/>\nCharlie Arsenault \u2013 Assistant Editor<br \/>\n@ThePlainBagel on Youtube for providing me with Nortel&#8217;s stock price data<br \/>\n@ChrisHanel on Youtube for extensive Blender Geometry Nodes assistance<br \/>\n@hotcyder on Youtube for the thumbnail<\/p>\n<p>A note on interviews: I spoke to over a dozen former Nortel employees for this series and those conversations provided many insights you&#8217;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&#8217;s because it was a quote said publicly.<\/p>\n<p>Sources:<br \/>\n<em>The Bubble and the Bear \u2013 How Nortel Burst the Canadian Dream<\/em> by Douglas Hunter (2002)<br \/>\n<em>Nortel Networks \u2013 How Innovation Created a Network Giant<\/em> by Larry MacDonald (2000)<br \/>\n<em>No Fear: Tales of a Change Agent or Why I couldn\u2019t Fix Nortel Networks<\/em> by Tim Dempsey (2014)<br \/>\n<em>Silicon Valley North: A High Tech Cluster of Innovation and Entrepreneurship<\/em> edited by Larisa V. Shavina (2004)<br \/>\n<em>Knights of the New Technology<\/em> by David Thomas (1983)<br \/>\n<em>Adventures in Innovation: Inside the Rise and Fall of Nortel<\/em> by John F. Tyson (2014)<br \/>\n<em>The Master Switch: The Rise and Fall of Information Empires<\/em> by Tim Wu (2011)<br \/>\n<em>100 Days: The Rush to Judgement That Killed Nortel<\/em> by James Bagnall (2013)<br \/>\n<em>For $ale to the Highest Bidder: Telecom Policy in Canada<\/em> edited by Marita Moll and Leslie Regan Shade (2008)<br \/>\n<em>The Invisible Empire: A History of the Telecommunications Industry in Canada, 1846-1956<\/em> by Jean-Guy Rens (2001)<br \/>\n<em>The Avro Arrow: For the Record<\/em> by Palmiro Campagna (2019)<br \/>\n<em>The Deal of the Century: The Breakup of AT&#038;T<\/em> by Steve Coll (1986)<br \/>\n<em>Asleep at the Switch: The Political Economy of Federal Research and Development Policy<\/em> since 1960 by Bruce Smardon (2014)<br \/>\n<em>Canadian Science, Technology and Innovation Policy<\/em> by G. Bruce Doern, David Castle and Peter W.B. Phillips (2016)<br \/>\n<em>Reconcilable Differences: A History of Canada-US Relations<\/em> by Stephen Azzi (2015)<br \/>\n<em>Pa Bell: The Meteoric Rise of Bell Canada Enterprises<\/em> by Lawrence Surtees (1992)<br \/>\n<em>Random Excess: The Wild Ride of Michael Cowpland and Corel<\/em> by Ross Laver (1998)<br \/>\n<em>Dot.con: How America Lost its Mind and Money in the Internet Era<\/em> by John Cassidy (2002)<br \/>\nTV Interview with John Roth on <em>Market Watch<\/em> on CNBC, October 1999<br \/>\n<em>Royal Canadian Air Farce<\/em> Episode from February 23rd 2001<br \/>\n<em>The Rise and demise of Lucent Technologies<\/em> by William Lazonick and Edward March (2010)<br \/>\n<em>Brain Drain: Why do some post-secondary Graduates Choose to Work in the United States?<\/em> By Brahim Bordarbat and Marie Connolly (2013)<br \/>\n<em>An Overview of the Demise of Nortel Networks and Key Lessons Learned: Systemic effects in environment, resilience and black-cloud formation<\/em>, University of Ottawa (2014)<br \/>\n<em>Class, Nationality and the Roots of the Branch Plant Economy<\/em> by Gordon Laxer (1986)<br \/>\n<em>Foreign Ownership and Myths about Canadian Development<\/em> by Gordon Laxer (1985)<br \/>\n<em>Gale of &#8220;Creative Destruction&#8221; Engulfs Nortel<\/em> by Sanjeev Kumar Sharma (2011)<br \/>\n<em>Nortel Technology Lens: Analysis and Observations<\/em> by Peter MacKinnon, Peter Chapman, Hussein Mouftah, University of Ottawa (2015)<br \/>\n<em>Capital Gains Taxation in Canada 1972-2017: Evolution in a Federal Setting<\/em> by Francois Vaillancourt and Anna Kerkhoff (2019)<br \/>\n<em>The 2010 Federal Budget \u2013 A summary of the key tax measure that have a direct impact on you<\/em> \u2013 RBC Wealth Management Services, March 4th, 2010<br \/>\n<em>The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth<\/em> by Ashish Arora, Sharon Belenzon, Andrea Patacconi, and Jungkyu Suh (2019)<br \/>\n<em>Do Tax Differences Cause the Brain Drain?<\/em> By Don Wagner (2000)<br \/>\n<em>The Branch Plant Economy<\/em> by Stephen Clarkson (1972)\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>BobbyBroccoli Published Nov 4, 2023 For a brief moment, Nortel Networks was on top of the world. Let&#8217;s enjoy that moment while we can. Part 1 of 2. 00:00 This is John Roth 02:04 The Elephant and the Mouse 12:47 Pa without Ma 26:27 Made in Amerada 42:15 Right Turns are Hard 57:43 Silicon Valley [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,6,25,84,7,15,13],"tags":[829,320,174,571,769,469,544,275],"class_list":["post-85883","post","type-post","status-publish","format-standard","hentry","category-business","category-cancon","category-economics","category-government","category-history","category-technology","category-usa","tag-brianmulroney","tag-freetrade","tag-innovation","tag-investment","tag-jeanchretien","tag-monopolies","tag-pensions","tag-personalfinance"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-mld","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/85883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=85883"}],"version-history":[{"count":3,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/85883\/revisions"}],"predecessor-version":[{"id":87735,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/85883\/revisions\/87735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=85883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=85883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=85883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}