Sunday, December 27, 2009

SmartSwipe (and HomeATM)- A Very Smart Tool For The Cautious Online Shopper

I hadn't heard of this device until I was leafing through the Hammacher Schlemmer catalog tonight and the claim of a credit card reader that you plug in to your USB port that will read your credit card and encrypt the card info, and insert it into the browser, pre-encrypted, to be securely transmitted to any online store without ever passing the unencrypted data to the user's computer caught my attention.

The device is the SmartSwipe by Canadian company NetSecure.

I had a hard time believing that what the catalog was claiming was possible, but then after reading the white-paper on it at the SmartSwipe site I think it's incredibly smart. With this device installed, it's driver is used by the web browser as an encryption engine. The browser (for now it only works with IE) passes off the unencrypted form to the device, which inserts the creditcard data into the form an encrypts the page before passing it back to the browser to transmit to the store website. The device does the encryption, not the browser, so since the card scanning and encryption are done outside the computer, there is no unencrypted data for spyware running on the user's PC to read.

Normally, if you typed it in yourself, there are a number of places where spyware or keyloggers could grab the unencrypted data before the browser gets a chance to encrypt it to pass it securely over the net to the store.

This way the spyware would have to be running on the card reader (which for now anyway, isn't an issue, no one has written spyware that runs in the external card reader) so, it is safe from all the current spyware until it gets to the store's end of the chain.

These are very nice, and I hope that they manage to work deals with the major manufacturers to install these, or better yet, a next generation chip and pin version directly into new PCs.

The SmartSwipe is probably not the only such device out there, the technology to look for if you find another device like it is called Dynamic SSL. I believe Dynamic SSL is the future for secure online shopping. 

For a little company from Saskatchewan, they certainly have made inroads with this device being carried by Costco, Futureshop, Dell and Amazon already, and it only works with 32 bit Internet Explorer so far. Once it works with other browsers it'll probably become a commonplace tool for regular internet shoppers.

[Ed note: Only a few hours after the initial post which mentioned only SmartSwipe, a sales person from Home ATM posted a comment. Therefore I have changed the title to reflect that. Having read the website at I cannot say for sure how the HomeATM works, but I am really disappointed in the video demo that they use to show how secure it is. The fault in the video isn't really with the device itself, but the method that Western Union used to send the money that was taken from his account to the recipient.

Sure, it was securely transferred from his account to Western Union, but then Western Union sent an unencrypted e-mail to a Gmail account with a web link and all the details including a password needed to retrieve the funds. Anyone who could intercept that e-mail could take the money before it got to the recipient. Sure, then it is securely transferred to the hacker's account from Western Union, but the intended recipient is left with nothing.

It is not the device's fault how Western Union chose to implement the transfer, what W.U. should have done was what the Canadian banks on the Interac system do and have the user create a password that they tell the recipient OUT OF BAND so that an intercepted e-mail transfer is still secured by a password that is not known to the intercepting bad guy. It is a poor marketing choice to use a video of a system with such an obvious security problem to demonstrate a security device.

The biggest problem I see with the device itself, aside from being a magstripe and PIN device as opposed to Chip and PIN (which I'm sure will be the next version) is that there doesn't seem to be any way to actually get one.]

Friday, December 18, 2009

New Adobe Reader Vunerability

Adobe Acrobat has another newly discovered 0 day vulnerability.

As usual the fix is to disable JavaScript in Acrobat Reader. Adobe won't have a patch out till Jan 12.
If you have to do it network wide follow the instructions from this post I did back in October to do it via logon scripts.

Upgrade to 9.2 even though it is technically vulnerable, if you turn off JavaScript (which you should do even after the patch is out) 9.2 will let you enable JavaScript on a document by document basis as needed. (usually it is NOT necessary)

Monday, December 14, 2009

Xmas Gifts For Techies 2009

Ok, it's already Dec 14, you only have 10 days of Xmas shopping left. If you haven't already got a big gift for your resident techie, here are a few ideas:

1. PS3 slim. One of the first posts on this blog back in 2006 was the PS3 line watch. Back then I was drooling with anticipation of the upcoming PS3. I bought one in the summer of 2007 because I was stuck at home all day for a few months because of a car accident. ...even back then with hardly any games available it was fun. The new slim version is out now for this Xmas season. It doesn't play PS2 games anymore, and only plays PS1 games if you download them from the online store (about $6 each) but there are lots of PS3 games and bluray movies out now so that's not much of an issue, and if it is, you can always pick up a PS2 slim to go with it for peanuts.

2. Drobo. Every techie needs more disk space... constantly. Drobo will manage it all by itself. You just stick a disk in, when you need more space you stick in another disk, when you need more, stick in another. when you run out of slots to stick disks into you pull out the smallest disk and stick a bigger one in in it's place. No config, no copying files around, it takes care of it all for you.

3. ReadyNAS. For the techie that has more stringent requirements for his/her data storage, ReadyNAS is like Drobo on steroids.

4.Amazon's Kindle e-book reader. For a geek or a book lover (or a geeky book lover) this is a great gift idea. It stores and displays (in black and white) books and magazines bought through Amazon or downloaded as PDF. It has a rechargeable battery, but it only needs to be charged about once a week, even when the wireless is left on all the time. You can go much longer than that if you remember to turn off the wireless connection when you aren't actually downloading a new book.

Network Vulnerability Scanners

Back in September I mentioned that GFI LanGuard was available for free for small companies or home use where you only needed to scan 5 PCs.

One other option that has come up since then is the new much easier to use web-based Nessus 4.2.

Nessus has always been free for home users, but now I feel that it's easy enough for most home users to set up. It comes in a windows version, and there is only the server end to set up now, everything else is done through a browser.

Unfortunately the Pro version of Nessus is a little pricey for the average small business at $1200 per year, but you can hire a pro, like me, to come in and scan your network on a regular basis with this tool for probably a fair bit less than that. (pro licenses are not tied to a physical network, but limited to one machine... so if that machine is a laptop, a pro feed license can go wherever the security contractor takes it.)

Rapid 7 has also recently released NeXpose Community Edition, which I have yet to try out, but is free to use for a network of up to 32 PCs, and there is the open source OpenVAS, which was spun off from Nessus back at version 2, when Nessus was still an open source project. These 2 options I suspect would be more difficult to get up and running than the first two, as they are really aimed at folks with a high level of tech knowledge. NeXpose comes in several other versions for varying levels of additional features, and larger networks, but it is more expensive than the Nessus Pro feed, so very much out of the reach of the average small business or home user, but the Community edition is supposed to be very good, and I'll be playing around with it in the next few weeks and I will let you all know what I think.

No matter which you choose, scanning your network, especially for business networks, is an important part of keeping your network secure. If you don't scan it to find the holes in your security, someone else will, and they probably won't point out the holes to you, they'll probably just use those holes in ways you don't want them to.

One other option, from the folks at Rapid 7 is the free online scan. You can scan 2 IP addresses for free from the internet at This should give you an idea of how exposed your servers that are attached to the internet are. This will only scan public Internet IP addresses. It is probably best to get a local scanner set up or hire a pro to come in and scan the private address space as well, especially if you use wireless.

Friday, December 11, 2009

Making E-mail Private

Ok, hopefully some folks read and made use of my previous post on using SSL in Gmail.
If you didn't and you use Gmail, go read it now. It only takes about 10 minutes to read and another 10 minutes to implement.

Now, I have to wonder why is it that people never seem to care enough about privacy to encrypt e-mails?

Sure, for some it's a matter of not knowing you CAN encrypt, for others it's a not knowing HOW to do it... but it seems the biggest thing is an aversion to using passwords.

I have a 30 character password that I type in whenever I want to encrypt or digitally sign an e-mail. Most people would not go to such an extreme, but even a 6 or 8 character password with PGP or GnuPG that you only had to type once per mail session, when you first open your mail program or when you send the first message that day, would afford a lot more privacy and ensure that mail you think is from friend X isn't really from stranger Y pretending to be friend X.

How many people have had an e-mail come to them apparently from a friend that turned out to be spam, or worse, a virus? ...or even a roommate playing a practical joke on the supposed sender? PGP/GPG would solve that. I've been using this technology on an off (and recently more and more) for years, but surprisingly few others I know use it. I could understand if it were like S/MIME encryption that requires a yearly fee for a certificate, but PGP is free. All it takes is a little bit of effort to get started then you can stop sending love letters and secret passwords and Grandma's secret family recipes on the electronic equivalent of postcards and start mailing things in e-envelopes. (strong e-envelopes).

If anyone reading this is thinking "hey, I should do that, but it's too hard" e-mail me and I'll help you get started. ...just don't get discouraged if Microsoft and I are the only ones who even send you signed e-mails for a while. It's something that will take time to catch on amongst your friends, and that many people won't ever bother with....some folks will always think that secret codes are only for spies and criminals, but if you don't try to protect your privacy, who will?

Rod MacPherson
My PGP key

"Spacebook" Security Lessons In The Form Of A Comic


Friday, October 23, 2009

Upgrading From An Old BlackBerry?

If you have a blackberry and you have your personal e-mail forwarded to it (not your corporate mail) when you upgrade it, send it in for replacement, or even just toss it away, you MUST remember to log in to the BIS server at or or ...  depending on who your phone company is, or just through the mail setup icon on the blackberry device, and disable the forwarding. This does not happen automatically when you cancel your phone plan or move it to a new phone.

The corporate mail is different, it comes through a corporate BES server hosted at your company, and they can easily shut off the forwarding of any info to the blackberry device, but BIS used for personal e-mail is managed via the servers and linked to an account that only you know the password to. It collects the mail and forwards it to the device you specified by PIN #, which is attached to the device, NOT your account!

If that device is reused by another user with another phone #, the BIS server will still send your mail to the device until you log in and tell it not to.

That is just one more reason I dislike the BIS setup rather than letting the blackberry connect directly to the POP/IMAP server for personal e-mails. #1 I don't like that I have to trust RIM and their partners with my personal account passwords, and #2 wiping the blackberry and cancelling the phone plan isn't enough to ensure that the next guy doesn't get free access to my mail. I also have to either log in to the BIS and cancel forwarding, or change my e-mail password.

This is also why I discourage the use of PIN messaging except as an alternate, emergency communication channel if normal e-mail is down.

People still think of PIN as being more private than e-mail, but it is not. It can be, and often is, logged at one or both end's corporate servers, but if your contacts have an old PIN# in their address books and they try to PIN you a message, but somone else owns that Blackberry device now, guess who gets the message!

Wednesday, October 21, 2009

Tips Of The Day

If you have a Google Reader account or use an RSS reader here is a link you ought to be following:

Wednesday, October 14, 2009

Adobe Virus Update

Users can undo the change, as it is in the Current User part of the registry, but here are the lines to add to the login script.
reg add "HKCU\Software\Adobe\Adobe Acrobat\9.0\JSPrefs" /v bEnableJS /t REG_DWORD /d 0 /f
reg add "HKCU\Software\Adobe\Acrobat Reader\9.0\JSPrefs" /v bEnableJS /t REG_DWORD /d 0 /f

You need both lines to get Adobe Reader and full Acrobat Reader/Writer.
The new Reader 9.2 gives the users a better warning saying that it can be potentially hazardous to turn it on and allows them to choose to turn it on "for this document" or permanently. (until they log in again and the script shuts it off again.)

Friday, October 09, 2009

More Adobe PDF Viruses On The Loose Patch On The Way

"You can get viruses from a PDF?" you say??
YES you CAN!!! and Seth Hardy of Symantec's MessageLabs just did a talk the other day at SecTor 2009 about how he's been able to (in a test lab) create a virus, embed it in a PDF and get past every known antivirus. This is scary stuff folks, and there is one little thing you can do to stop most of it.

HelpNet Security says that a new round of these viruses is out in the wild and Acrobat 9.1.3 is vulnerable, but a patch is coming on Oct. 13th. In the meantime they recommend turning off Javascript.

Open up Adobe Reader/Acrobat and turn off JavaScript! Yes, PDFs can have Javascript, though you've probably never even seen a PDF file that legitimately uses Javascript.

Here is how you do it in Reader 9.1.x :
Click on the Edit menu, click Preferences.

Select Javascript from the Categories menu.
Click the checkbox OFF next to Enable Acrobat JavaScript

Saturday, October 03, 2009

Loading CD-ROMs On A Netbook

OK, everyone knows that the biggest fall back of a netbook is it's lack of CD-ROM/DVD-ROM drive.
Most people know you can get a USB CD-ROM drive and fix that.
A few know about CD-ROM emulators like the one included with Alcohol 120%... but that has an extra cost.

After a little browsing around the net I found a FREE CD-ROM emulator from Microsoft!

Download the Microsoft Virtual CD-ROM Control Panel package now.

Thursday, October 01, 2009

OWASP top 10

This is a little higher level then what I normally post here, but this is info that every IT guy ought to know about so I feel I should pass this stuff on. October, being Cyber Security Awareness Month, will probably see more than the usual rate of security related posts here, and some may be aimed at IT people, others will be aimed at home users and small business owners.

OWASP Top 10 Security Vulnerabilities Part 1 (Barry Dorrans) from Edge UG on Vimeo.

OWASP Top 10 Security Vulnerabilities Part 2 (Barry Dorrans) from Edge UG on Vimeo.

Friday, September 04, 2009

Gmail Security

There are a few things you really should do if you use Gmail that will make it more secure (and more convenient).

First, log in and then click the Settings tab as shown.

Now scroll down to the bottom and check the "Always use https" option.
This will help keep people from spying on you at public WiFi stations like McDonalds, Starbucks, or the library.

Now for the more convenient part...
You can actually check Gmail in your own e-mail program! You don't need to log into the website, or to download some special Gmail only software to get the "you have mail" pop-up.

Click on the "Forwarding and POP/IMAP" link.

Down at the bottom, again you will find the "Enable IMAP" option. Turn that on.
Then follow the instructions in the Configuration instructions shown as step 2 in the image.
make sure you always select SSL as the connection method. (on port 993)

DO NOT cheat and select the gmail option in Thunderbird if that is your mail client. That will set you up with unencrypted POP mail. Trust me you want SSL encrypted IMAP. In fact, no matter who you are getting your e-mail from, you want SSL, or better yet, TLS encrypted IMAP. POP is so 1994. (and if you run it unencrypted you are enabling "Big Brother" maybe I should have said it's so 1984.)


If you don't know what PCI-DSS is and you run a business that takes credit cards you need to read this:
Click for a free PDF copy

The Payment Card Industry (PCI) Data Security Standard (DSS) is something you have already agreed to, and MUST follow. Does your bill for your merchant account include a line about non-compliance fees? This is what it's about.

GFI LanGuard

There are all kinds of different network vulnerability scanners out there, but the best bet for small businesses is probably GFI Languard.

The reason? It's simple and it's free.

It is an easy to use Windows based program, so no need to learn or install Linux to use it.
It is absolutely free if you have 5 or fewer IP addresses (computers) to scan.
It is free for a 30day trial if you have more than 5 IPs to scan.

Wednesday, September 02, 2009


VirusTotal is a free service that lets you check a suspicious file against 35 different Antivirus tools.
If you get an e-mail attachment that you really are not sure about, and your own AV doesn't see a problem, you can check it here and know with some certainty that at least no other AV vendor sees the problem.

Monday, August 31, 2009

Secunia - Keep ALL Your Software Up To Date

You have Windows Automatic Update to keep windows itself up to date, and if you remembered to opt in to it maybe you've even upgraded it to Microsoft Update to keep your Office programs up to date too. ...and some software like Firefox and Java have their own updaters, if you didn't disable them to keep your performance up...

But what about all the other programs you run? do you know you are upto date?
Secunia will tell you.

You can go to their web portal for a free scan of your system any time you like, and it will check it all for you. If you are using it at home you can download Secunia PSI (Personal Software Inspector) or if it is for business use there is the cooler sounding Secunia CSI (Corporate...) at a cost, but well worth it.

Wednesday, August 26, 2009

SecTor 2009 - Last week for discount pricing

SecTor (Toronto's big InfoSec conference) admission prices go up on Sept 1.
If you haven't got your tickets yet now is the time.

After Sept. 1 it'll cost $250 more to get in to this great IT security conference.

If you are a member of TASK or OWASP You can get an additional 10% off, just look through those mailing lists, there have been discount codes posted.

There are some great speakers booked for this year. I'm really looking forward to it.

Tuesday, August 11, 2009

Canadian pricing for Windows 7 family pack

Windows 7 will be available in a "Family pack" 3 pack of licenses for $200 ($67 each license) for home users wanting to upgrade from XP to Win7 Home Premium.

Read more at Digital Home.

Thursday, June 25, 2009


I recently (June 23, 2009) became certified as a CISSP® by (ISC)2.

Wednesday, June 10, 2009

BlackBerries and E-Mail

Why is it after all these years in the messaging business BlackBerries cannot handle E-mail as well as my old Pocket PC or Zaurus handhelds did? Sure they weren't cellular, but they could handle POP and IMAP over wired or wireless 802.11 connections without help. Even encrypted IMAP wasn't a problem.

Yes I can access my IMAP account from my Blackberry, but it has to use an intermediary server hosted by RIM which means that I have to enter my e-mail credentials for my private personal account into RIM's server so that it can check my IMAP mail and relay it to my Blackberry. Why doesn't my Blackberry come with an IMAP capable e-mail client?

The way they are doing it now has several problems.
#1 I have to give RIM my account info instead of just inputting it into a device that would normally be on my person.
#2 I can't access anything but the inbox. None of the other folders are available via this 2 stage e-mail retrieval process.
#3 (ok this is more a complaint about the OTHER type of e-mail BlackBerries do....) My BES e-mail from work doesn't get it's own icon like the BIS ones do so while I can look at each of my personal mail accounts individually, when I want to read my work e-mails it's all mixed up with the e-mails from my home accounts.

If I could have encrypted IMAP done on a 400 Mhz ARM processor 8 years ago, why can't my BB Storm do it?

Friday, May 22, 2009

Why isn't Apple giving us a patch?

Why isn't Apple giving us a patch for the java bug that Sun fixed 5 months ago?
SANS Internet Storm Center doesn't know either.

Wednesday, May 20, 2009

Klingons need antivirus too.

You think you're immune just because you run MacOS or Linux, but not even the Klingons can keep today's malware at bay without a little help.

Wednesday, April 29, 2009

SecTor 2009 - Early bird registration ends tomorrow

Hurry up and register before May 1 or the price goes up.
SecTor (short for Secure Toronto, I believe) is a conference for Information Security folks in Toronto, Ontario, Canada.

It is Oct. 6 & 7 this year, with training courses on the 5th for those who desire a bit of heavy duty security training before the conference. The training on the 5th is in any one of these topics:

Session Title Presenter Cost Link
Securing your Microsoft Infrastructure Brian Bourne
CMS Consutlting Inc.
$999 Register
Understanding Web Application Attacks Security Compass $999 Register
Auditing systems and networks with Backtrack 4 The Academy $999 Register
Data Forensics – Essentials for Survival Robb Beggs,
Digital Defence
Larry Gagnon,
$999 Register

Currently you can get admission to the 2 day conference for only $499 After May 1st it goes up to $749. ...and for the really tardy, tickets will be available at $999 after Sept. 1st. (if there are still tickets to be had)

(Hint: TASK [Toronto Area Security Klatch] has a 10% off coupon to reduce that price even further, but I 'm not going to tell you what it is, if you really want it you can find out for yourself.)

SecTor 2009 Tickets are Limited!

Sunday, April 26, 2009

Big news for fans of Windows.

Rafael Rivera and Paul Thurrott reveal a new Windows 7 application compatibility feature called Windows XP Mode here.

Basically, any owner of a copy of Windows 7 Professional, Enterprise or Ultimate (which covers just about everyone who will be using it in a corporate environment, and a lot of home users). will be entitled to download what is essentially a copy of Windows XP in a virtual machine that will run in parallel with Windows 7, seamlessly integrating it's windows and icons with the host Windows 7 ones, thereby relieving Microsoft of the need to keep old code in Windows 7 and future versions for compatiblity with old software. If it won't run in windows 7 you install it as an XP compatibility install and it runs in XP on top of Windows 7.

Tuesday, April 14, 2009

Microsoft prepping IE8 auto update

Microsoft is preparing to roll out IE8 to IE6 and IE7 users via autoupdate "on or about the third week of April".

IE8 will be available to WSUS in July 2009.

Visit the Microsoft IE blog for more info.

Sunday, April 12, 2009

Twitter hit by a worm on Saturday

A worm infected Twitter on Saturday April 11, 2009.

The worm seems to have originated at the site, as it seems that it's main purpose is to direct people there. Twitter warned people against visiting the site or linking to it.

The worm sends spam tweets from the infected person's account that direct others to the StalkDaily site. Simply visiting the profile page of an infected user can lead to one's own profile getting infected.

If you have been locked out of your twitter account due to this worm, you need to do a password reset as Twitter has locked some infected accounts.

Twitter claims to have now fixed the security hole that enabled this worm, and that no passwords, phone numbers, or other sensitive information were compromised as part of this attack.

Ubuntu 9.04 ...just around the corner

Also, Ubuntu 7.10 reaches end-of-life on April 18, 2009

Saturday, March 28, 2009

Ubuntu 9.04 Beta ... and cloud computing

The Beta version of Ubuntu Linux 9.04 is out.
I don't recommend the beta release for anything you want to keep working and stable, but if you want to run the liveCD and get a preview of what's coming at the end of April it's here.

9.04 promises faster boot up and support for the new Linux file system ext4. It also provides the really ambitious folks the tools to build a cloud computing server system.

This may be an interesting year for Linux. Cloud computing is hot and with all the little mini laptops on the market (perfect clients for cloud computing clusters) I imagine it'll get hotter. Ubuntu is packaging the tools for the server guys to use into it's system... It's only a matter of time I think before cloud services start popping up in large numbers.

Thursday, March 19, 2009

Internet Explorer 8

For those of you who haven't upgraded to IE 7 yet, now you are another version behind. Microsoft officially took IE 8 out of beta.

The most touted feature seems to be InPrivate Browsing, which lets you browse the web without saving your history. A number of other new features are added in IE8 though, so check it out. IE 8 is also supposed to be better at identifying and blocking malware sites. That alone is worth the download.

Tuesday, March 10, 2009

Need to Budget?

If you find yourself needing to tighten down your spending in this economy Intuit has a free helper for you. Quicken Online.

Thursday, February 26, 2009

Improving Your Mac's Firewall

The Mac comes with a firewall built-in, but like the Windows built-in firewall,
it is very limited in it's capabilities.

NoobProof and WaterRoof are both free (open source) firewall front-ends from that improve the flexibility of the Mac's built-in IPFW firewall.

WaterRoof is a very complex and powerful tool, which allows you to configure almost every aspect and option of "ipfw". And more, you can list/manage active connections or network files, do graphics log analisys, configure your mac as a router with bandwidth management with stateful rules and tons of other options. You need a good knowledge of "what a firewall is", and you should also have at least a basic ipfw knowledge.

NoobProof is a very easy tool. When you start it the first time you have a service list and you can choose to "allow" or "deny" connections to those services. So you have only to decide which service to allow, and then check "Activate NoobProof". You can also add selective "allow" and "deny", and you can delete or add new custom services in service list.

Static rules list x x
Customizable dynamic service list
Customizable rules builder x
Startup Script and Startup configuration x x
Import and export firewall configuration x
Bandwidth Management (Dummynet) x
NAT setup (Network Address Translation) x
Dynamic rules (stateful firewall) x
Ready rule sets x
Logs listing x x
Logs parsing and graphic statistics x
Network connections and applications list x
Network connections selective block or limit x
Appfirewall debug and logs listing x
Interface list and DNS/WHOIS queries x
Configuration Wizard x

Wednesday, February 25, 2009

Windows 7...It's better than Vista. Promise.

Tech Republic posted a PDF today, "10 Reasons Vista Haters Will Love Windows 7"
Trust me, from what I've seen it is better than Vista.

Tuesday, February 24, 2009

SouthPark style Mac vs. PC vs. Linux

I have all 3 (and then some)

Tuesday, January 27, 2009

IE8 RC1 released today

Internet Explorer 8, Release Candidate 1 (the first beta actually being considered for release) was released today.

You can get it here:

This follow up to previous versions of IE that I'm sure everyone is familiar with adds private browsing (with no history recorded for private sessions) and improved security features.
It also allows you to simulate earlier versions for websites that insist on a specific version.

And while you are at it, if you have a spare machine just laying around, or if you are geeky enough to use a virtual machine (like me) download Windows 7 beta too.

It's like an improved, faster Vista. But make sure you have the minimum system requirements and that you have no problem with the computer just stopping when the Windows beta expires on Aug 1.

Saturday, January 24, 2009

Mac trojan - Beware of pirate iLife 09

A MacOS trojan infects over 20,000 systems who's users downloaded iLife 09 from pirate bittorrent sites.

Thursday, January 15, 2009

NOT the end of Nortel

There's a lot of talk about Nortel right now, but to give you all a little cozier feeling about it, just let me say "this is not the end of Nortel".

They have only applied for creditor protection. They are not closing shop, just re-organizing.
The new Nortel may be a slimmer Nortel after this, but I strongly believe that we will still have Nortel around for many years to come.

They say they will still be doing R&D. As much as they have been? Who knows? Time will tell.

They will still sell products. Will they eliminate some products? Will they sell off some lines of products to other companies just as they bought up product lines like Bay Networks switches? Maybe.

The CEO released a statement and video here:
...and they have an investor's FAQ here: