All About Nortel

Ericsson posted strong fourth-quarter results as sales climbed 26% year-over-year and 16% quarter-over-quarter. The improved performance was led by good sales in Latin American, North America (Cingular) and Asia (non-China). Perhaps Ericsson’s healthier wireless results will bode well for Nortel’s fourth-quarter results, which should come out in the next week or so.

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It’s been so quiet recently on the Nortel front that it’s newsworthy - albeit marginally - the company has won a $1.5-million contract to deploy a “very large” converged network at HOT Telecom’s new headquarters. HOT, one of Israel’s largest cablecos, will give its 1,400 employees the ability to access voice, e-mail and multi-media services [...]

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I’ve got an investment story in today’s National Post about how a growing number of analysts are jumping on the Nortel bandwagon. A big chunk of the enthusiasm has to do with the expectations newly-minted CEO Mike Zafirovski and his plan to revive the embattled company by giving it a sharper strategic vision - as [...]

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Nortel Networks could be making a comeback among investors if a BusinessWeek story is any indication. Entitled “Nortel’s New Lease on Life”, the article talks about how Nortel could do better than Lucent in sales growth and other financial metrics this year. Some of this optimism is focused on new Nortel CEO Mike Zafirovski, who [...]

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Is it time for another Nortel love-fest? It certainly looks like the company is moving back into favour again given Scotia Capital analyst Gus Papageorgious and RBC Capital Markets analyst Mark Sue have both come out with enthusiastic research notes. The common theme is the expected impact of Nortel CEO Mike Zafirovski, who has been [...]

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Chahram Bolouri, who used to be Nortel’s president of global operations, has been hired as president and CEO with Air Canada Technical Services - the maintenance and repair division of Air Canada. Bolouri, who spent 23 years with Nortel, replaces Bill Zoeller, who is retiring after 31 years with Air Canada. Earlier this week, Frank [...]

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If you’ve been holding your breath waiting for the date of Nortel’s 2006 AGM, you’ll be happy to know it will be May 2 in Toronto. This will be the second year in a row the meeting will be held in Toronto following stops in Calgary, Ottawa and Halifax. Here’s hoping this year’s AGM is [...]

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It hasn’t take long for ex-Nortel CEO Bill Owens to get back on the board bandwagon. Owens is one of five designees to Sprint’s board that will own its local communications business. You may remember Nortel rewarded Owens - as only Nortel can do - when he resigned many of his [...]

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Frank Plastina, who was once considered a candidate to replace John Roth as Nortel’s CEO, has yet another new job - this time with Tekelec, which makes telecom equipment from fixed, mobile and packet networks. Plastina left Nortel in late-2002 where he was president of the company’s metro and enterprise networks business. Apparently, Plastina was [...]

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According to India’s The Hindu, BSNL has lost a huge amount of revenue in the past two months due to the poor quality of its wireless network. According to the newspaper, Calcutta Telephones has told BSNL it will not make any payments until Ericsson and Nortel to fix the problems. The newspaper said Ericsson has [...]

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