Comments on: Nortel Wins $2B Contract http://www.allaboutnortel.com/2006/12/19/nortel-wins-2b-contract/ All the News about Nortel Networks Thu, 09 Feb 2012 03:34:00 +0000 hourly 1 By: many http://www.allaboutnortel.com/2006/12/19/nortel-wins-2b-contract/comment-page-1/#comment-664 many Sat, 23 Jun 2007 13:11:46 +0000 http://allaboutnortel.com/?p=401#comment-664 Don't believe this marketing hype. It is total crap. Service providers, large enterprises and governments cancel old "deals" and replace them with new ones all the time. MoU "Deals" mean nothing in terms of revenue. The only thing that matters is when/if the revenue is in the bank. Hasn't nortel punished their shareholders and employees enough booking revenue as "realized" before it has been collected? There have been repeated instances when millions/billions of dollars were "booked" in the wrong year, millions taken off the books, through audit then never heard from again..........it has happen under dunn, owens and to a lesser degree, zafirovski. It probably should have happened under roth too, but he left before the music stopped. October 2001 CFO Frank Dunn named CEO October 2003 First restatement April 2004 Dunn fired, replaced by William Owens March 2004 Second restatement CFO Doug Beatty replaced with William Kerr February 2005 Former CFO Peter Currie becomes CFO November 2005 Mike Zafirovski becomes CEO March 2006 Third restatement May 2006 Nortel admits “material [accounting] weaknesses remain unremedied” February CFO Peter Currie resigns March Fourth restatement Don’t believe this marketing hype. It is total crap.

Service providers, large enterprises and governments cancel old “deals” and replace them with new ones all the time. MoU “Deals” mean nothing in terms of revenue. The only thing that matters is when/if the revenue is in the bank.

Hasn’t nortel punished their shareholders and employees enough booking revenue as “realized” before it has been collected? There have been repeated instances when millions/billions of dollars were “booked” in the wrong year, millions taken off the books, through audit then never heard from again……….it has happen under dunn, owens and to a lesser degree, zafirovski. It probably should have happened under roth too, but he left before the music stopped.

October 2001
CFO Frank Dunn named CEO

October 2003
First restatement

April 2004
Dunn fired, replaced by William Owens

March 2004
Second restatement CFO Doug Beatty replaced with William Kerr

February 2005
Former CFO Peter Currie becomes CFO

November 2005
Mike Zafirovski becomes CEO

March 2006
Third restatement

May 2006
Nortel admits “material [accounting] weaknesses remain unremedied”

February
CFO Peter Currie resigns

March
Fourth restatement

]]> By: Shawn Franks http://www.allaboutnortel.com/2006/12/19/nortel-wins-2b-contract/comment-page-1/#comment-665 Shawn Franks Sat, 23 Jun 2007 03:17:20 +0000 http://allaboutnortel.com/?p=401#comment-665 http://www.intelligentmarketinvestor.com http://www.intelligentmarketinvestor.com

]]> By: Apple http://www.allaboutnortel.com/2006/12/19/nortel-wins-2b-contract/comment-page-1/#comment-662 Apple Mon, 25 Dec 2006 16:03:30 +0000 http://allaboutnortel.com/?p=401#comment-662 Two: On Jan 7, 2004, in iternetnews.com, a proposed 5 year deal is announced for conversion to VoIP =========== re You did it again. I showed you that that deal was/is dead but you are still listing it as the deal! No, the Jan 07 2004 was DOA! 2500 switches bocome dozen. Read my leaps DOZEN! Do you know what it means? It means NT has PRs with propaganda_misinformation! You are the proof of that NT's propaganda works well! You think, Verizon signed the deal with NT on Jan 07 2004, don't you? Yes you do, but it's wrong! Search for the article I mention about DOZEN switches installed and the deal was never signed! never signed! the letter of intentions was signed but not the deal! Stop your BS! Two: On Jan 7, 2004, in iternetnews.com, a proposed 5 year deal is announced for conversion to VoIP
===========
re
You did it again.
I showed you that that deal was/is dead but you are still listing it as the deal!
No, the Jan 07 2004 was DOA!
2500 switches bocome dozen.
Read my leaps
DOZEN!
Do you know what it means?
It means NT has PRs with propaganda_misinformation!
You are the proof of that NT’s propaganda works well!
You think, Verizon signed the deal with NT on Jan 07 2004, don’t you?
Yes you do, but it’s wrong!
Search for the article I mention about DOZEN switches installed and the deal was never signed!
never signed!
the letter of intentions was signed but not the deal!
Stop your BS!

]]> By: nortel http://www.allaboutnortel.com/2006/12/19/nortel-wins-2b-contract/comment-page-1/#comment-661 nortel Sat, 23 Dec 2006 22:09:37 +0000 http://allaboutnortel.com/?p=401#comment-661 This is a new deal with Nortel supply new technology to replace existing gear being used by Verizon already. The question is whether the $2-billion will materialize or whether it's a projected number based on estimates. This is a new deal with Nortel supply new technology to replace existing gear being used by Verizon already. The question is whether the $2-billion will materialize or whether it’s a projected number based on estimates.

]]> By: jayemmay http://www.allaboutnortel.com/2006/12/19/nortel-wins-2b-contract/comment-page-1/#comment-663 jayemmay Wed, 20 Dec 2006 16:46:49 +0000 http://allaboutnortel.com/?p=401#comment-663 Mark, more investigation on your part is needed. Verizon has long been a customer of Nortel. Is the most recent announced deal a replacement of others or what? In a brief search that I did, I found three deals. One: Sept 3, 2003, in a Nortel press release, there was a deal for $1 B for more CDMA 2000. Two: On Jan 7, 2004, in iternetnews.com, a proposed 5 year deal is announced for conversion to VoIP. Three: On July 19, 2006, techweb.com reported a major deal about EV-DO. Any more insights from you? Mark, more investigation on your part is needed. Verizon has long been a customer of Nortel. Is the most recent announced deal a replacement of others or what?

In a brief search that I did, I found three deals. One: Sept 3, 2003, in a Nortel press release, there was a deal for $1 B for more CDMA 2000. Two: On Jan 7, 2004, in iternetnews.com, a proposed 5 year deal is announced for conversion to VoIP. Three: On July 19, 2006, techweb.com reported a major deal about EV-DO.

Any more insights from you?

]]> By: Apple http://www.allaboutnortel.com/2006/12/19/nortel-wins-2b-contract/comment-page-1/#comment-660 Apple Tue, 19 Dec 2006 23:25:19 +0000 http://allaboutnortel.com/?p=401#comment-660 I knew there was a reason this story sounded very familiar. In January 2004, Nortel signed a five-year deal estimated to be worth $5-billion with Verizon Communications to migrate the carrier’s local and long-distance networks to Internet-based technology from older circuit-based systems ------------ re Yes, investors remember NT-VZ big deals! 2004 big deal was wireline deal with VZ. VZ signed only initial agreement /LOA_I/ and has never signed the deal. Nortel installed a dozen switches instead of 2500 as planned. /There was Tyler Hamilton's article about that/ 5 years, it's a stretch on its own. As you said, what does it mean, 5 years of what? In my opinion Market did not buy that news. Any other company signing $2 bill contract would move the stock 10 % at least. NT is actively rewriting old deals, reheating them, and making big PRs! It's good, it shows that customers are ready to wait and see what Mike can do, if Mike Z can turn around that company and bring it back to life_ profitability _and honesty! My best wishes to all honest Nortel's employees! and at the same time I wish all crooks would get what they deserve for defrauding NT’s investors. I knew there was a reason this story sounded very familiar. In January 2004, Nortel signed a five-year deal estimated to be worth $5-billion with Verizon Communications to migrate the carrier’s local and long-distance networks to Internet-based technology from older circuit-based systems
————
re
Yes, investors remember NT-VZ big deals!
2004 big deal was wireline deal with VZ. VZ signed only initial agreement /LOA_I/ and has never signed the deal. Nortel installed a dozen switches instead of 2500 as planned. /There was Tyler Hamilton’s article about that/

5 years, it’s a stretch on its own.
As you said, what does it mean, 5 years of what?
In my opinion
Market did not buy that news.
Any other company signing $2 bill contract would move the stock 10 % at least.
NT is actively rewriting old deals, reheating them, and making big PRs!
It’s good, it shows that customers are ready to wait and see what Mike can do, if Mike Z can turn around that company and bring it back to life_ profitability _and honesty!
My best wishes to all honest Nortel’s employees!
and at the same time I wish all crooks would get what they deserve for defrauding NT’s investors.

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