One of the most high-profile victims of the technology bubble at the end of the 1990s was the Canadian firm Nortel Networks. Due to wildly over-optimistic expectations, and a glut of fibre-optic cable, its market cap plunged nearly 99% in the space of two years.
Meanwhile, Vikram Mehta was managing the firm’s development of its Blade network technology, designed for computer servers and data centres. Given Nortel’s problems, he realised that his project was the equivalent of “redesigning the [...]
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