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Breakup the Yankees….and Maybe Nortel
By Mark Evans | June 23, 2006
It’s just a thought and perhaps it comes from way out in left field (apologies for the baseball analogies) but what if Nortel was sold in pieces rather than trying to get bigger through an acquisition or joint venture? So speculates Orion Securities analyst Duncan Stewart, who suggests a sum-of-the-parts analysis indicates "Nortel disassembled may be worth significantly more than its current market cap". As a loyal Canadian, Stewart thinks it would be great if Nortel could survive and thrive. He ponders why Nortel couldn’t become a "profitable and happy equipment manufacturer, although than some others" if it CEO Mike Zafirovski keeps working away on his cost-cutting program.
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Topics: Analyst Coverage |
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