this post was submitted on 29 Dec 2023
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[–] pc486@reddthat.com 3 points 8 months ago

Nortel wasn't killed by Huawei stealing their IP, which certainly did happen. They tanked themselves with some terrible accounting that hid the terrible situation they put themselves in. Nortel and Enron are the reason GAAP is the gold standard and legally required to be reported these days.