All About Nortel

RBC Capital Markets analyst Mark Sue expects Nortel to post better results in the second-half of the year, which should help the company see 5% revenue growth in 2006. When Nortel releases its second-quarter results next week, Sue is looking for Nortel to confirm its guidance of operating margins in the mid-teens by 2008 and [...]

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Nortel plans to sell its real estate in Galway, Ireland for about 28 million pounds, according to the Irish Times. The company, however, plans to lease-back 86,000 sq. feet of space for 20 years.    

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Rich Tehrani has a post on an alliance between Nortel, Microsoft and LG involving WinCE6. The partnership will include R&D and marketing to customers and channels, and a licensing deal for WinCE6. and lead to the launch of new WinCE6-based IP phones and features for corporate and residential users in a few months. The press [...]

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Barron’s has a post on how Redback shares have been surging this year - and how well-known Silicon Valley venture capital firm, Technology Crossover Ventures, recently invested $50 million to buy 2.3 million shares (on the heels of the 1.07 million shares it purchased for $11 a share in November). Last week, Redback stock traded [...]

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Nortel must be back if the Belfast Telegraph Journal deems it worthy of a story.

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Looking for a challenging work environment with plenty of volatility? Well,  Nortel's looking for someone to work for CEO Mike Zafirovski - not sure if the job means you have to go for long jogs with the marathon-running Mike Z. Anyway, here's the job responsibilities if you're at all tempted (I like the part about [...]

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Nortel has appointed 20-year Michael Pangia as president of its Asia operations, which makes him responsible for sales and operations in India, China, Japan, Australia, New Zealand, Southeast Asian and Pakistan. Pangia has worked around the world for Nortel, and done stints as VP for global enterprise operations and services, and VP of finance for [...]

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Norkia is the creation of Scotia Capital analyst Gus Papageorgiou, who suggests in a research report there is "great merit" to a deal that would see Nokia fold its networks business into Nortel. The new entity, Norkia, would be 52%-owned by Nokia and would create the world's second largest GSM player behind Ericsson. Papageorgiou believes [...]

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About about Norkia? Combine Nokia's networks business with Nortel = Norkia. More later…

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Leo Valiquette, a reporter with the Ottawa Business Journal, thinks Nortel needs to change its name because "Nortel has become synonymous in [Ottawa] with massive job loss, executive arrogance, white elephant real estate and euphoric hype." Who knows, maybe this is something that Nortel's new chief marketing officer, Lauren Flaherty, has on her agenda as [...]

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