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Go Figure!
By Mark Evans | February 24, 2006
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 CEO, clearly there is still a lot of “show-me” investors who are unwilling to climb back on the bandwagon just yet. Then again, it won’t take much for Canadians, in particular, to fall in love again if Nortel reports one quarter of encouraging results given our strange fascination with all things Nortel.
Topics: Executive Suite, Stock |