On the plus side, Nortel has been having some success in those market sectors that impact small and medium businesses directly. Nortel's Enterprise Solutions group saw its revenue dip by three percent in 2007, and the company's Global Services group saw its income actually increase by 12% during the year. Despite those numbers, Nortel is cautious about its future. The network equipment vendor projects that its 2008 revenue will grow in the low single digits.
Like other network equipment suppliers, Nortel has been struggling to adjust to declining growth rates and intense pricing pressure. Historically, many small and medium businesses have found that Nortel offers high end functionality and quality service at reasonable prices. Now with the company struggling to adjust to current market conditions, such faith becomes harder to justify and doubts about the companyï¿¼s long term future intensify.
Do you have Nortel equipment? What do you think of the company's management team? What do you think the future holds for the company?