Category Archives: Nortel Networks
My Nortel Experiment
In late-December 2005, I decided to conduct an experiment by launching a blog called All Nortel, All the Time that just about Nortel Networks. Why? Well, I had one of those WordPress.com “golden tickets’ that I wanted to use; there … Continue reading
Nortel Sells UMTS Unit
Nortel has agreed to sell its UMTS unit to – surprise, surprise – Alcatel for $320-million. It was only a matter of time before Nortel sold the money-losing business, and Alcatel seemed to be the most logical buyer. While Nortel … Continue reading
Nortel: When a Profit is Not a Profit
Nortel posted second-quarter earnings of $366-million this morning, or 8 cents a share (compared with analyst estimates of about 2 cents). Before investors get too excited and storm off to jump on the bandwagon again, the bottom line was nowhere … Continue reading
Show Me the Strategy
My column in today's National Post looks at Nortel's need to spill the beans on where it's headed strategically. CEO Mike Zafirovski has been working away for more than seven months on his corporate makeover, and now analysts and investors … Continue reading
Nortel Slashing 1,100 Jobs
Surprise, surprise (well, not really), Nortel is cutting 1,100 jobs and reviewing its pension plan. The jobs cuts will reduce annual operating expenses by $100-million in 2007 and $175-million in 2008. The company also unveiled changes to its pension plan … Continue reading
What Now, Mike Z.?: Part II
For another long drink about Nortel in the wake of the Siemens-Nokia joint venture, check out my story in today's National Post.
Another Telecom Domino Drops: Nokia-Siemens Unite
If there wasn't enough consolidation pressure within the telecom equipment industry, a mega-deal between Nokia and Siemens will likely up the ante. In a deal that will create a $19.9-billion entity creatively called Nokia-Siemens Networks, Nokia will combine its network … Continue reading
Kevin & Mark's Weekly Podcast
So, we're back with another podcast. This week, Kevin Restivo and I talk about:- Nortel's first-quarter results – a quarter the company described as “tough and challenging”. For more Nortel news, check out All Nortel, All the Time.- the launch … Continue reading
Why's Mike Z. So Bullish?
Nortel CEO Mike Zafirovski told analysts yesterday the company will post “some of the best results in Nortel's history” by 2008. So what does he see that investors don't given Nortel shares touched their lowest level yesterday since late-2002? How … Continue reading
The Nortel Two-Step
Sometimes you wonder if Nortel can't win for trying. The company finally manages to convince itself its 2005 financial results are ready for public consumption (a positive development), then it goes and releases them late in the day on Friday … Continue reading
