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Archive for September, 2006

More on Force 10

Orion Securities analyst Duncan Stewart does not believe Nortel’s rumoured interest in buying Force 10 Networks for $550-million will materialize. “We do not think this deal is likely,” he said in a research note. “Nortel just has not got enough discretionary cash (even after selling [the] UMTS access [business to Alcatel]), they do not need [...]

Will The Force (10) Be with Nortel?

Susquehanna Financial Group analyst Joseph Chiasson is either really insightful or a really good speculator after issuing a research report that suggest Nortel will spend as much as $550-million to acquired Force 10 Networks Inc. Why Force 10? Apparently, Chiasson, who cites “industry sources” believes Nortel wants Force 10’s high-speed Ethernet switches and routers so [...]

Nortel has Limited Downside

RBC Capital Markets analyst Mark Sue issued a short research note on Nortel yesterday. Here’s a summary that appeared today’s National Post.
Mike Zafirovski, Nortel Networks Corp.’s president and chief executive, believes the company needs at least 20% market share in each market to be a viable and profitable player.
So what will Nortel do with its [...]

Nortel Recognized by Hall of Fame

Did you know Canada has a Telecom Hall of Fame? Did you know they have special recognition awards? Well, Nortel is getting an award for “its role in pioneering digital communications” - an initiative that was launched in 1976 under the “Digital World” program. Of course, Nortel’s real push from analog to digital happened under [...]

Gimme Credit Likes Nortel Bonds

Nortel sold $2-billion of high-yield bonds in July to, in part, retire a $1.3-billion bank credit facility. Gimme Credit said the 10-year bonds with a yield of 10.5% are pretty attractive to investors. “With ample near term liquidity, this bond looks interesting for aggressive accounts seeking yield, but we will need to reasses this name [...]

Nortel Teams up with Telus

Nortel has signed a deal with Telus develop multimedia infrastructure — including IP-TV, which Telus has already rolled out in Calgary and Edmonton. “Telus is working closely with Nortel to create a unique communications and entertainment experience for our customers that we call the Future Friendly Home,” said Ibrahim Gedeon, Telus’ chief technology officer.  In a [...]

Nortel Goes After European SMBs

Armed with a snazzy marketing log - “Grow your Business. Think Small”, Nortel is courting re-sellers in Europe to pursue the tantalizing but hard-to-reach SMB market. According to The Register, Nortel is offering “generous rewards” to recruits, and conducting a roadshow that will hit the U.K., Ireland, Germany, France and Spain before hitting the rest [...]

Nortel Looks to Expand in India

As part of Nortel’s cost efficiency drive, it is looking to source more R&D from places such as China and India. Nortel is already using more than 1,000 employees of India’s Wipro, which recently celebrated its 15th anniversary working with Nortel on R&D. Wipro now provides Nortel with design, system integration, consulting, software release management and [...]

Rich Tehrani’s Bullish Take on Nortel

TMCNet’s Rich Tehrani reviewed Nortel’s recent announcements - several contracts in Europe and CEO Mike Zafirovsky’s press conference - and offered his take on Nortel’s operations and prospects. Below, you find Rich’s take, which is a lot more bullish than the general sentiment. (Everything below is from Rich’s story, including the last paragraph.)
Mobility
A super-hot area [...]

Ovum Unconvinced of Nortel Strategy

Ovum, the U.K. consulting firm, recent met with Nortel CEO Mike Zafirovski, chief strategy office George Riedel and Dietmar Wendt, president of global services, about Nortel’s strategic direction and its growing focus on expanding its services business. Ovum analyst Peter Hall said Nortel has ambitious plans for its services unit, which already employs 10,000 people and [...]