Archive for September, 2006
Next Entries »Nortel’s Dutch Treat….Not!
Thursday, September 7th, 2006While Nortel was talking up a number of European contract wins earlier this week, a key development that received little attention was Dutch carrier KPN’s decision to replace its legacy switched network with IP multimedia system (IMS) solution from Lucent Technologies. So what’s the big deal? Well, KPN is a long-time customer of Nortel, which has [...]
Nortel’s Strategic Direction Revealed..Kinda
Thursday, September 7th, 2006Not sure why Nortel CEO Mike Zafirovski decided to make London to provide more details about the company’s strategy direction but there the curtains have been pulled back a little bit. Speaking at press conference to announce several contract win, he said Nortel plans to focus on metro Ethernet, CDMA and 4G. “The bandwidth glut [...]
Mike Z. Ready to Go Shopping
Wednesday, September 6th, 2006Flushing with cash (editor’s note: tongue firmly in cheek) after selling its UMTS radio access business to Alcatel last week for $320-million, Nortel is apparently ready to make some acquisitions. Let’s hope history doesn’t repeat itself given the last time Nortel went on an acquisition binge, it paid billions of dollars for companies that disappeared [...]
Nortel Tiene gusto Del Americano Latino
Tuesday, September 5th, 2006In keeping with Nortel’s all-bullish, all-the-time approach these days, the company is optimistic about Latin America where first-half sales climbed 22%. Latin Business Chronicle has a story featuring Martha Bejar, who heads up Nortel’s Latin American operations. "The region is…..fantastic," she said. "We’re very bullish about it." Bejar said there is strong demand for all [...]
Baird Maintains Neutral Rating
Monday, September 4th, 2006Robert W Baird has maintained its ”neutral” rating on Nortel with a target price of C$2. The investment firm expects the $320-million sale of Nortel’s UMTS radio access business to Alcatel will be accretive by one to two cents a share, and it believes there is limited downside in Nortel’s share price from current levels.
Now What, Nortel?
Saturday, September 2nd, 2006Now that Nortel has walked away from the UMTS radio access market by agreeing to sell the business to Alcatel, what is Nortel today other than $400-million to $500-million smaller in terms of sales and $200-million more profitable? In other words, what is Nortel’s strategic direction? What’s the IMS strategy? What’s the VoIP strategy? What’s [...]
Nortel Sells UMTS Unit
Friday, September 1st, 2006Update: Nortel has agreed to sell its UMTS unit to - surprise, surprise - Alcatel for $320-million. Here’s a quote from CEO Mike Zafirovski: "Nortel is sharpening its focus on the markets in which we intend to lead. Our UMTS access business lacks the scale and momentum needed to become profitable." That’s an understatment given [...]
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