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Nortel Networks Corporation(NT Quote) bankruptcy filing could have major implications for the other tech stocks as investors weigh the impact of the equipment manufacturer's ongoing struggles.
Despite Nortel's promise to continue its day-to-day operations without interruption, networking rivals Cisco(CSCO Quote), Alcatel-Lucent(ALU Quote) and Motorola(MOT Quote) are likely looking to benefit from the Canadian company's Chapter 11 filing.
Nortel's Rivals
With Nortel embroiled in sorting out its problems, firms such as Cisco will be eyeing the equipment maker's customers, according to Henry Dewing, principal analyst at technology research firm Forrester. ...
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