I respect Nortel for doing what they had to do to apply the brakes back in January. I believe that after restructuring, Nortel will emerge stronger and better positioned than before.
Just a couple of sidenotes-
I once heard rumors that Nortel switches were in a basement adjacent to the World Trade Center. During the attacks on September 11th 2001, concrete walls caved in on the cabinets and racks, toppled them over and half burried them with rubble, yet they were STILL processing calls.
As far as from the Government side: As recent as this past April, Nortel's Optical Multiservice Edge 6500 was the first 40G optical platform to achieve approval for the "DISA/JITC" (Defense Information Systems Agency / Joint Interoperability Test Command) Approved Product List.
