When faced with crisis, companies have to cut costs and delay investments. Cutting costs, leads to a slowdown in the economy, further stimulating a possible crisis. It’s safe to say 2009 will be a crisis year, this means companies going bankrupt and even more companies cutting costs, as such cutting profits in other businesses. So what does 2009 has in store for the VoIP market?
Once it was one of Canada’s biggest employers and a stock market darling, just a couple of days ago it filed for Chapter 11 bankruptcy protection in the United States. Nortel has been struggling for years now, facing increasing competition from companies such as Alcatel-Lucent and Ericsson. While its stock was once worth more than C$1100, it now plumetted to C$0.15
A new year traditionally comes with New Year’s Resolutions and looking at our last post, one of our resolutions must include blogging more often. It is true that when business is going fast, blogging gets lower on the priority list. But a 6 month hiatus is not acceptable, so here we are again with all the best wishes for 2009 and an introduction of Cisco’s newborn, the Cisco SPA-525G.
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