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Archive for April, 2006

Why Mike Z. Took the Job

If you were at all curious about Mike Zafirovski decided to become Nortel's CEO, he came clean yesterday after a speech at a conference in North Carolina. "I would go with a small company and grow it, or I could go to a tarnished icon and rebuilt it," he said. "Obviously, Nortel fits into the [...]

The Last Restatement??

Has Nortel finally dotted the "I"s and crossed the "T"s on its financial results? Maybe, maybe not. In any event, the company said yesterday it will add another $350-million of revenue to an earlier restatement of $866 million. Nortel said the latest revenue juggling for: "2005, 2004 and 2003 revenues would increase the revenue adjustments [...]

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Nortel’s Dance Partners

TD Securities analyst Chris Umiastowski has a new report on the telecom equipment market entitled "Who’s Next to Get Hitched?". He works on the assumption Nortel will attempt to stay independent rather than seeking out a mega-merge a la Alcatel-Lucent. Instead, Umiastowski focuses on a key M&A market - GSM/UMTS - where he believes a [...]

Troubles for Juniper?

Analysts are not expecting to be overwhelmed when Juniper Networks posts its first-quarter results today. Apparently, demand for routers has softened as carriers such as Verizon looking for equipment at the edge and access parts of the network. Juniper’s prospects will also be impacted by the marriage between Alcatel and Lucent - given Juniper had [...]

Nortel Serious About India

Despite its painful and costly experience with BSNL, Nortel appears committed to doing business in India. At a recent telecom conference in Malaysia, Nortel executive Phil Edholm said a five-year managed services agreement with Bharti Televentures is an indication of his company's increased focus on India. He said Nortel is particularly focused on SMBs (a [...]

New Nortel CMO Hired

Nortel has lured its second senior executive away from IBM in the past week with the hiring of Lauren Flaherty as chief marketing officer. Flaherty, who had been IBM's vice-president, worldwide marketing for small and medium business, will come on board in two weeks. She replaces Clent Richardson, who announced his resignation last December afer [...]

Nortel-Siemens Combo?

In light of the $13.5-billiion Alcatel-Lucent marriage, Prudential Securities analyst Inder Singh believes a combination between Nortel and Siemens' communications group makes sense. he analyst writes: "We believe a joint Siemens/NT would hold lead shares in several key markets, including enterprise telephony (28% worldwide market share), next-Gen switching (36%), wireless infrastructure (22%), and optical (19%)," [...]

Mike Z.’s Challenge

The Triangle Business Journal has a story looking at Nortel Mike Zafirovski's turnaround plans and challenges. There's nothing earth-shattering in the story but it sets up a keynote Mike Z. is giving at a conference in North Carolina this week.

Sign Me Up, Nortel!

Although never tempted in the past to join Nortel, maybe it’s time to reconsider given the company is planning on opening a new office in Trinidad & Tobago. Imagine spending the winters in sunshine and warmth - playing a few rounds of golf, walking on the beach and - when time permits - selling some [...]