Yearly Archives: 2006

Nortel Loses Out on Sprint’s WiMax Plans

By Mark Evans | Published: December 29, 2006
According to the Wall St. Journal (hat tip to Seeking Alpha), Sprint has rounded out its WiMax suppliers by selecting Nokia ahead of Alcatel-Lucent and Nortel. Nokia will join Motorola and Samsung Electronics to supply technology for Sprint’s $3-billion WiMax network over the next two years. This can’t be good news for Nortel, which has [...]
Posted in Contract Wins, Wireless | 2 Comments

It’s All Over but the Paying

By Mark Evans | Published: December 27, 2006
Nortel moved a major step forward in finally putting its accounting scandal behind it after two U.S. judges approved a $2.25-billion class-action lawsuit settlement. U.S. District Judge Loretta Preska said the global settlement reached earlier this year is “fair, reasonable and adequate” to compensate people or entities who bought common stock or sold options on [...]
Posted in Financials, Legal Issues | Leave a comment

Can Nortel Stay Independent?

By Mark Evans | Published: December 26, 2006
Blogging Stocks questions whether Nortel can stay independent given it is trading at a market cap to sales ratio lower than Alcatel-Lucent and Motorola, and the lacklustre performance of Nortel shares recently. “There are several companies that might find Nortel an attractive acquisition. The list would be lead by Motorola, Cisco Systems Inc., and Alcatel-Lucent,” [...]
Posted in Blogs, M&A | Leave a comment

Now, Forbes Loves Nortel

By Mark Evans | Published: December 22, 2006
Whoever is doing Nortel’s PR should be getting a huge year-end bonus. First, a glowing story in Forbes; then, another one in Barron’s; and now, a “Has Nortel Turned Around?” story in Forbes. This media bonanza featuring CEO Mike Zafirovski is a far cry from his predecessors, Frank Dunn and Bill Owens. Dunn had an [...]
Posted in Executive Suite | 1 Comment

Nortel Gets Another New PR Head

By Mark Evans | Published: December 22, 2006
Nortel received an early holiday gift after Ron Alepian agreed to come over from BCE to become the telecom equipment maker’s v.p. of global communications. He replaces Bill Durling, who replaced, Marian MacKenzie, who replaced…Well, you get the picture. Alepian will be responsible for the “strategy and execution for global public relations, employee and executive [...]
Posted in Executive Suite | 3 Comments

Ericsson Buying Redback for $2.1B

By Mark Evans | Published: December 20, 2006
Anyone who was hoping Nortel would snap up Redback Networks to expand its router business is going to have to think about a new strategy after Ericsson made a $2.1-billion offer for Redback. The cash offer of $25 a share is a modest premium of 18% over Redback’s closing price yesterday, and now puts Ericsson [...]
Posted in M&A | 1 Comment
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