All About Nortel

In light of Mike Z.'s contention that Nortel needs at least 20% share to be viable in each market in which its participates, National Bank Financial analyst Tom Astle has issued an intriguing research report looking at some of Nortel's major units to determine what should be turfed, what should be fixed, and what should [...]

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Prudenttial Financial analyst Inder Singh reiterates his "overweight" rating on Nortel Networks with a target price of US$4.

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….Joseph Flanagan, who becomes vice president of order management. Flanagan, who will report to senior vice-president for global supply chain Joel Hackney, has spent the past 13 years working with General Electric - Nortel CEO Mike Z.’s old stomping grounds. In the wake of the GE-ification of Nortel, it is interesting to look at a [...]

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The $99.5-million, all-cash acquisition of Tasman Networks closed today, and it’s now part of Nortel’s enterprise data networks business unit. "This furthers Nortel’s strategy to be a leading provider of IP telephony products and applications to the enterprise market", the company said in a press release. With Tasman officially in the fold, it would be [...]

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And now for something different….some positive news for Nortel. According to Infonetics Research, Nortel leads the IP-PBX market - with Cisco and Avaya hot on its heels. That said, Infonetics said most of the PBX market’s growth is coming from EMEA, Asia and the Caribbean/Latin America while the North American market grew only 4%. Over [...]

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There seems to be some confusion about CEO Mike Zafirovski’s promise to reveal Nortel’s $1.9-billion R&D plans this week. The $1.9-billion figure is what Nortel spent in 2004 so he seems to be implying Nortel will maintain R&D spending at the same level, even though the company has talked about having a more effficient structure [...]

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In the after-math of Mike Z.’s presentation yesterday, here are the basic issues at play. First, Zafirovski is trying to transform how Nortel operates its business. This runs the gambit from the markets in which it plays, being smarter and more focused about R&D spending, a more streamlined, efficient and flexible operating style, and better [...]

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It’s somewhat ironic that on the day CEO Mike Zafirovski reveals the broad strokes of his strategic plan to revive Nortel, the stock falls 8 cents to a 2006 low of $3.17. As much as Mike Z. put on a good show yesterday and the housecleaning he has done during his first 100 days as [...]

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Mike Zafirovski’s first public presentation as Nortel’s CEO was impressive. At the RBC conference in Whistler, he came across as straightforward, frank and focused on doing all the grunt-like “blocking and tackling” needed to build a foundation for the company to move forward. Unlike Bill Owens who was short on details, Mike Z. provided investors [...]

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After three months of hiding, Nortel CEO Mike Z. finally talks publicly today at an RBC conference in Whistler. To be honest, I don’t suspect he’ll say much given Nortel’s Q4 results will be filed within the next six weeks. As well, RBC’s analysts - if yesterday’s performance is any indication - won’t ask any [...]

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