Huge Nortel Web Auction this week.

From: Lawrence Walker <>
Date: Tue Apr 16 13:30:35 2002

 Just ran across this in the Montreal Gazette.

 Nortel Networks Corp. has put up for auction untold millions of dollars worth of
computers, test equipment, office phone systems, photocopiers and tool kits it
once used in St. Laurent and Florida to build Internet equipment for which
demand has evaporated.
The auction will be Webcast - on - Thursday and
Friday, starting at 9 a.m.
A Montreal-area preview day tomorrow will allow potential buyers to physically
examine the local assets, not just massive quantities of high-end electronic gear
but also fork-lift trucks, heaters, air-compressors and more than 230 Dell laptop
computers, PCs and servers. Nortel is conducting a similar preview day at
another plant in Boca Raton, Fla.
The St. Laurent plant builds Internet transmission equipment and had 6,000
people on its payroll in mid-2000, a figure Quigley estimated has been cut in half.
Its gates, on the south side of the Trans-Canada Highway, will be open between
9 a.m. and 4 p.m. "Please watch for auction signs," DoveBid's Web site instructs
out-of-town buyers coming to see for themselves.

Received on Tue Apr 16 2002 - 13:30:35 BST

This archive was generated by hypermail 2.3.0 : Fri Oct 10 2014 - 23:34:31 BST