Updated October 20, 2008

Headlines Nortel: CEO tries to boost the troops

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“The path forward is filled with challenges,” Nortel (NYSE: NT) CEO Mike Zafirovski told employees in a pep talk at the troubled networking communications firm last week, reports Mark Evans at AllAbout Nortel. “The path forward is filled with challenges and the work ahead for us for the balance of 2008 and beyond is significant,” he said.

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