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Archive for October, 2006

Buenos Dias, Mexico

In yet another component of Nortel’s cost-cutting program, it unveiled the details of a new call centre being established in Mexico City. The $38-million facility (over five years) will employ 300 people, who will focus on providing services to companies in North America, Europe, Caribbean and Latin America. For more Nortel, check out the Ottawa [...]

Nortel Executives Look to Long-Term

The Ottawa Citizen has a story looking at the approach that Nortel’s senior management team is taking towards the company’s turnaround. The article features how chief technology officer John Roese was recruited and why he decided to join Nortel after less than a year at his last job.

The Habs Goes Wireless

The Bell Centre (where the Montreal Canadiens play hockey) is turning to Nortel for a wireless communications system. Everything from scanning tickets at the door and vendor sales to VoIP and Internet access for 300 journalists will travel over a high-speed wireless network powered by Nortel’s LAN and WLAN technology.

Dim Outlook for NT Shares

CBC.com did an investment feature on Nortel, focusing on who’s trading the stock (mostly retail investors, it appears) and the stock’s outlook. The most bearish comments came from Ross Healy, president and CEO with Strategic Analysis Corp. and a long-time Nortel watcher. Healy suggests Nortel’s fair market value is $1.33 a share and he describes [...]

Nortel’s Wi-Max Plans

Anyone looking for some insight  into Nortel’s Wi-max strategy may be interested in an interview that chief technology officer John Roese gave to Computer World.

Nortel: We’re Acquisition-Friendly

Hmm, I wonder what this means:
“If there’s a good opportunity that makes strategic and economic sense for us … we don’t feel constrained to act on it,” - Nortel chief strategy officer George Riedel, who told Reuters that the company does not feel constrained in its ability to make acquisitions. While Nortel be may be open [...]

OSC Could Drop Probe

Looks like ex-Nortel CEO Frank Dunn and Nortel may be able to escape being investigated by the Ontario Securities Commission. In an appeal, the OSC said it would not be possible to continue the probe unless a decision is overturned that restricts the OSC from questioning Dunn, who was fired with cause two years ago. “To [...]

RBC Still Looking for Answers

GigaOm weighs into the Nortel fray with a post about an RBC Capital Markets’ report on the progress of Nortel’s turnaround. GigaOm and RBC both seem unimpressed with what’s happened so far. Here’s a snappy line from the GigaOm post: ”The report doesn’t blatanty say Nortel sucks, but it is so conservative that it’s the equivalent of saying, “Well, [...]

Nortel Hot on Indian SMBs

After flaming out in India’s wireless market ($500-million contract with BSNL that produced more than $200-million in losses) $327-million of losses on $340-million of revenue, according to Nortel’s 2005 10-K), Nortel is shifting gears by focusing on the country’s “burgeoning” small and medium size business market. Nortel has introduced new products, including switches, routers and [...]

Can Nortel Get Some BT 21CN Love?

According to Orion Securities analyst Duncann Stewart, British Telecom (BT) is reloading on its core network technology plans. Stewart points to comments made at a recent conference by Tim Hubbard, who heads up strategy for BT’s $19-billion next-generation network initiative. Hubbard the carrier is changing its core network technology plans and will to use provider backbone transport (PBT) to [...]