Mike Zafirovski Renewal Quotations

I have found a deep sense of commitment and pride from the Nortel employees and I am excited by the energy generated for our business transformation, integrity renewal and growth activities. I also want to thank our employees and leadership team who have continued to execute with a passionate customer focus in the face of many challenges over the last several years.

Resolving these important issues will enhance the company's ability to focus on our transformation and renewal priorities and our customers.

Unfortunately, this was a necessary next step for us to achieve renewal and stay competitive in today's dramatic business environment, particularly given the current slowdown in the economy.