What Nortel's loss really means

A lobbyist friend here in Ottawa who works on issues that help promote Canadian research and development sends me this note today:

“In all the discussions about Nortel, one point that hasn't been made is that Nortel accounts for about one-third of all the commercial R&D done in Canada. If it goes south in bits and pieces, that would be double jeopardy – short term job losses coupled with longer term loss of R&D capacity in Canada.”

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