My parents lost a small fortune in 2001 riding the tech crash down (Nortel was a good chunk of that). I've been trying to explain to them (1st gen Chinese immigrants) for the past three years that Nortel was killed partly by focused Chinese spying and IP-theft by Huawei. CSIS has know about this for years. They (my parents) just wouldn't believe it until I showed them this article. Their former university classmates…
The article tries to paint the picture of a fantastic company but that was not the case. It was mismanaged (and the article provides some glaring examples, including fraud), slow, bloated, it was really struggling in the cellular space.
Even the account of the hack shows how badly Nortel handled it.
There's always the temptation to find an external scapegoat but the buck does stop with Nortel's management.