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  1. en.wikipedia.org › wiki › NortelNortel - Wikipedia

    Nortel was the first major technology company to seek bankruptcy protection in this global downturn. Nortel had an interest payment of $107 million due the next day, approximately 4.6% of its cash reserves of approximately $2.3 billion. After the announcement, the share price fell more than 79% on the Toronto Stock Exchange.

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