Is Nortel next?

Story over at C/Net highlights that long troubled networking and telecommunications gear maker Nortel is again suffering.  They are slashing their outlook and guidance and have announced that they will be looking to sell some business units.  Could this be the beginning of the end for Nortel?  Are they the next bailout candidate?  Maybe Canada can bail them out.

So, who will take on Cisco?  Juniper seems to be gearing up.  Sometimes I think if you took the next 3 or 4 network gear vendors and lumped them together, you might have a real Cisco killer.  Until than there is not much on the horizon that will change the status quo on the network gear market