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"We're the largest participants in their restructuring plan by far".
UBS and several regional banks have adopted similar strategies as part of their restructuring plans.
The company's current managers have until the end of September to complete their restructuring plan.
Taiwan additionally faces rising bad loans; the other two countries, growing disappointment with their restructuring efforts.
Nortel will complete the bulk of their restructuring by the end of this year.
A lot of the platforms have gone through their restructuring and are back in the market.
"It's going to force them to accelerate their restructuring," he said of the major carriers.
G.M. and Chrysler rush to finish their restructuring plans by today as bankruptcy looms.
Twice they had to revise rosy assumptions for their restructuring plan.
"Both banks had difficulties, but both are very advanced in their restructuring," said Matthias Lücke, a spokesman for BayernLB.
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Meanwhile, their restructured suppliers, which have mostly shaken out their excess capacity, are now calling more of the shots in contract and price negotiations.
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