I've been hearing this about Nortel for a while. At the last place I interviewed at -- one of the top ten banks in America -- I was told they used to be mostly Nortel, but had migrated nearly everything over to Cisco in the last 3 years.
What a boring and trite excerpt. I hope this didn't get any accolades or high-praise.
I'll sum it up for those who didn't read:
Hard work + Intelligence + Luck = Success