Nortel’s “recovery” has caught the attention of the Wall St. Journal, which published a story today (subscription needed). In the story, CEO Mike Zafirovski said the company’s financial rebound will come from reducing costs by $1.5-billion by 2008 and a boost in profit margins from new product offerings.
Nortel in the WSJ Spotlight
Nortel’s “recovery” has caught the attention of the Wall St. Journal, which published a story today (subscription needed). In the story, CEO Mike Zafirovski said the company’s financial rebound will come from reducing costs by $1.5-billion by 2008 and a boost in profit margins from new product offerings.