[HN Gopher] Did a Chinese hack kill Nortel? (2020)
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Did a Chinese hack kill Nortel? (2020)
Author : mepian
Score : 31 points
Date : 2021-09-25 21:40 UTC (1 hours ago)
(HTM) web link (www.bnnbloomberg.ca)
(TXT) w3m dump (www.bnnbloomberg.ca)
| robbedpeter wrote:
| Goddamn autoplay. People who embed or enable autoplay videos
| should be impaled on stakes, eaten by ants, and burned alive.
| Repeatedly.
| heyitsguay wrote:
| Would you have to catch all the ants and then burn them? Seems
| like a lot of extra work.
| farmerstan wrote:
| I lost so much money when Nortel died. It was unimaginable at the
| time. It's like Cisco going belly up overnight, it would be so
| shocking no one would believe it.
| hn_throwaway_99 wrote:
| Betteridge's law of headlines applies: No.
|
| I mean, from the description in the article of _how_ the hack
| occurred, and how management basically did nothing to respond,
| makes it pretty clear that if weren 't a Chinese government hack,
| it would have been something else. Nortel management appeared
| very "asleep at the wheel" and it seems pretty apparent the
| company was suffering from a significant cultural rot.
| mmh0000 wrote:
| Did an American hack kill a Netherlands tech company? [1]
|
| [1] https://en.wikipedia.org/wiki/DigiNotar
| garren wrote:
| ...or a 21 year old Iranian student...or the Iranian
| government? [1] The source you've provided isn't exactly clear
| on that point.
|
| [1] https://en.wikipedia.org/wiki/DigiNotar
| DiogenesKynikos wrote:
| No, the bursting of the tech bubble and financial scandals killed
| Nortel.
|
| Huawei wasn't even a major player outside of China back when
| Nortel fell into trouble. From 2001-2004, Nortel's sales
| collapsed, it began downsizing, and the share price plummeted. In
| 2004, the SEC began investigating the company for financial fraud
| (misstating earnings).[1] Huawei only began to expand its
| overseas sales in 2003-2004.
|
| The idea that hackers (whose identity isn't even known) brought
| down Nortel is just _post facto_ rationalization of the
| mismanagement of the company. When the article says the hack
| began, in April 2004, Nortel 's stock price was already down by
| over 90%, and the SEC was just announcing its investigation into
| financial irregularities at the company.
|
| 1. https://www.reuters.com/article/us-nortel-timeline-sb-
| idUKTR...
| burnished wrote:
| Note that on mobile at least the page autoplays a loud video ad
| (1 of 2 for me before I bounced), which when you scroll down to
| get away from it simply pops out and follows you.
|
| Did not read the article as a result.
| redis_mlc wrote:
| It's an interesting history lesson, but the problem with Huawei
| today is this:
|
| They (and the CCP) will fund 100% of the rollout for a telecom to
| use their 5G server equipment. For Western mfgs. to compete,
| either Huawei has to be banned, or equivalent pricing and funding
| has to be instantly available. Or no sale.
|
| Nortel never had a chance to compete with that.
|
| The US funds Boeing's overseas sales via the Export-Import Bank,
| but that plan has to be extended to domestic and foreign 5G
| sales.
|
| https://en.wikipedia.org/wiki/Export%E2%80%93Import_Bank_of_...
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(page generated 2021-09-25 23:00 UTC)