« Talking About Nortel | Main | The Power of Barron’s? »
Barron’s Jumps on Nortel Bandwagon
By Mark Evans | December 10, 2006
Nortel’s PR machine continues to work its magic. After a positive story recently in the Wall St. Journal, the company is getting some serious love from Barron’s, which believes Nortel shares could climb by more than a third as its restructuring starts to bear fruit. I don’t have access to Barron’s Online but the article starts like this:
“MIKE ZAFIROVSKI EARNED HIS CHOPS under Jack Welch at General Electric, then the corporate world’s farm system for operations-minded chief executives. He went on to Motorola, where he tended to a struggling handset division — and helped lay the groundwork for that company’s RAZR-led revival.
Now he may be giving Nortel Networks (ticker: NT) a sharp edge of its own. The Toronto-based maker of telecom-infrastructure gear, battered by the collapse of the tech bubble and an accounting scandal, tapped Zafirovski to lead a turnaround last November. One year later the fruits of his work are starting to become apparent.”
Update: Joe Ismail, a technical analyst with Maison Placements Canada, told Reuters that “”The big story today is the one about Nortel in Barron’s and that could probably push Nortel’s stock on the upside”.
Technorati Tags: Nortel
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
Topics: Stock |
Add New Comment
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Add New Comment