Archive for August, 2006
« Previous EntriesNext Entries »Nortel Outsources More Operations
Thursday, August 10th, 2006As Nortel pursues its aggressive cost-cutting program, it has selected Johnson Controls to provide facilities management, energy program management, project management, lease administration, and real estate property tax and landlord operating cost audit services for 30 sites in Canada, 90 sites in the U.S. and 20 sites across nine countries in Latin America. The five-year [...]
Nortel Should Buy Redback
Wednesday, August 9th, 2006Here’s a suggestion for Mike Zafirovski as it works to give Nortel some competitive mojo again: acquire edge router maker Redback Networks. Why? For one, Redback seems to be a on roll given it plans to double its workforce to 1,200 from 600 over the next year. So what’s behind Redback’s bullish hiring plans? Redback [...]
Motley Fool Picks Apart Results
Tuesday, August 8th, 2006After sifting through Nortel’s balance sheet, Motley Fool has put together a story called “Nortel’s Sleight of Hand: Fool By Numbers”, which suggests everything on the good ship Nortel may be worse than appearances suggest. One thing that did stand out as strange ast week was Nortel’s inclusion of a $510-million gain from a lawsuit-related [...]
Nortel, Ciena Settle Lawsuit
Tuesday, August 8th, 2006Nortel and Ciena Corp. have settled two patent lawsuits filed in Texas over the use of telecommunications equipment by agreing to let each other use the products involved in the suit. In January 2005, Ciena accused Nortel of infringing six patents related to communications networking systems. Nortel countersued, and accused Ciena of infringing 13 of [...]
Q&A With George Riedl
Tuesday, August 8th, 2006Network World has a Q&A with George Riedel, Nortel’s chief strategy officer who was hired away from Juniper Networks earlier this year. The interview includes his views on IP-TV, IMS, ethernet and UMTS, which has the subject of rampant speculation it will be sold soon. When Riedel was asked about Nortel’s committment to UMTS, here’s [...]
Analysts Down on NT
Monday, August 7th, 2006UBS has maintainted its “neutral” rating on Nortel but reduced its target price to $2.35 from $2.55. In a research note published last week, UBS said it is concerned about the absence of visibility of the revenue contribution from the NT-LG JV and large deferred revenue balance. Meanwhile, Prudential analyst Inder Singh has downgraded Nortel [...]
Nortel Q2 Recap
Sunday, August 6th, 2006LocalTechWire provides an overview on the reaction to Nortel’s Q2 results, which have solicitied mixed reviews from harsh (Prudential - see previous post) to optimistic (BusinessWeek).
Prudential: Nortel Restructuring Falls Short
Saturday, August 5th, 2006In a stinging criticism, Prudential Securities believes the pace of the company’s restructuring program is not happening quickly enough to achieve its market share and cost savings goals. In addition to poking holes at Nortel’s recent strategic partnership with Microsoft and its prospects in the WCDMA market, Prudential turns its sites to CEO Mike Zafirovski’s [...]
The Future of UMTS: Partner or Sell
Friday, August 4th, 2006Nortel CEO Mike Zafirovski didn’t spill the beans on the future of the company’s UMTS access business yesterday but he did make it clear there are just two options: find a partner or sell it. So what could Nortel get for the money-losing unit, which has sales between $250 million and $350 million? Desjardins Securities [...]
Alcatel-Nortel Talks: On or Off?
Thursday, August 3rd, 2006There has been all kinds of speculation Alcatel is interesting in buying Nortel’s UMTS assets. But is a potential deal off the table now that Alcatel has acquired Fujitsu’s 34% stake in joint venture called Evolium that specializes in UMTS technology?
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