At the ITU Telecom World 2006 Forum in Hong Kong, Nortel CEO Mike Zafirovski said the company is still on track to meet its operating profit targets by 2008. “There is a commitment, there’s a path for us to go from a break-even, a loss position, to be a $1.5 billion operating margin company in 2008,” he told reporters, adding the $1.5-billion would be before special charges and interest expense.
Nortel On Track for ‘08
At the ITU Telecom World 2006 Forum in Hong Kong, Nortel CEO Mike Zafirovski said the company is still on track to meet its operating profit targets by 2008. “There is a commitment, there’s a path for us to go from a break-even, a loss position, to be a $1.5 billion operating margin company in 2008,” he told reporters, adding the $1.5-billion would be before special charges and interest expense.
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