Archive for February, 2006
« Previous EntriesNext Entries »Nortel Demonstrates High-Speed Wireless Service
Monday, February 13th, 2006As the focus of the wireless world moves from voice to data, Nortel is making a lot of noise to stay in the game. At the 3GSM World Congress in Barcelona, Nortel and Vodafone Spain provided a peak at a service with speeds of 3.6Mbps - more than twice as fast as basic DSL service. [...]
Is Nortel Back?
Monday, February 13th, 2006The Toronto Star has a “let’s quickly add this coverage to our PR package” story today that looks at whether Nortel Networks is back. It gives Dion Joannou, president of the Nortel’s North American operations, a golden opportunity to present the company’s direction but fails, for the most part, to address any of the company’s [...]
New Procurement Chief
Sunday, February 12th, 2006The overhaul of Nortel’s executive team how includes a new chief procurement officer. This time the appointment comes from within as John Haydon will be promoted from his current jog as vice-president for global supply chain. Nortel said Haydon will be responsible for about U$7-billion in annual purchases and all supplier relationships. This looks like [...]
Is John Roth Home and Free?
Saturday, February 11th, 2006In the wake of Nortel’s plan to settle its outstanding class-action lawsuits with a $2.5-billion stock and cash payment, where does this leave ex-CEO John Roth? One of the lawsuits dates back to activities between 2000 and 2001 - during which Roth was CEO. At the time, Roth was going around telling investors that Nortel’s [...]
Nortel Post-Mortem
Thursday, February 9th, 2006If you didn’t get enough fodder yesterday about Nortel’s $2.5-billion class-action lawsuit settlement plan, here’s some more material from the National Post, which includes a look at what CEO Mike Z. needs to tackle next, and a somewhat odd story from the Toronto Star that leads off with the fact two institutional funds are pursuing [...]
Nortel Moves to Settle Lawsuits
Wednesday, February 8th, 2006Nortel CEO Mike Zafirovski’s work to clean the decks has moved to the legal world on news the company has reached a settlement in principle to settle two major lawsuits filed in the Southern District Court of New York. The deal will be part of a global settlement involving all the class-action lawsuits launched against [...]
Nortel Shows Off High-Speed Wireless Technology
Tuesday, February 7th, 2006As wireless devices are used for more than just voice, Nortel is hoping to be well-positioned with technology that can deliver high-speed traffic between two wireless devices. The company is doing demos of its commercial UMTS base transceiver station that Aeroflex TM500 handset simulator to produce calls at speeds of 1.4Mbps - four times faster [...]
Nortel Downgraded by CitiGroup
Tuesday, February 7th, 2006It appears not all analysts are ready to jump on the Nortel bandwagon. Citigroup has lowered its rating on Nortel to "hold" from "buy", while reducing its target price to $3.20 from $4. The brokerage firm said the downgrade is due to Nortel’s lack of exposure to the access equipment market (something they are trying [...]
Nortel Shares Stuck
Saturday, February 4th, 2006Despite the excitement surrounding the joint venture with Huawei, Nortel shares barely budged this week - closing at $3.56 in Toronto. Even though a growing number of analysts have "buy" recommendations, investors are probably waiting for Nortel’s Q4 results to be released before they jump on the bandwagon. That said, Alcatel posted some very strong [...]
ECI-Nortel Parting Ways?
Friday, February 3rd, 2006It looks like Nortel’s partnership with broadband access equipment maker ECI Telecom Ltd. is close to winding down after ECI CEO Rafi Maor said his company is looking for a new partner. Maor said the agreement isn’t working because Nortel hasn’t been able to help ECI strike deals in North America. “We are tallking to [...]
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