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 has been hiding out from analysts and the media since he took the job in November. Anyone getting too excited about Nortel’s prospects should heed a comment from AIC analyst Peter Hofstra who warns the telecom market “is a tough business”.
BusinessWeek Bullish on Nortel
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 has been hiding out from analysts and the media since he took the job in November. Anyone getting too excited about Nortel’s prospects should heed a comment from AIC analyst Peter Hofstra who warns the telecom market “is a tough business”.