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Yearly Archives: 2006
Talking About Nortel
I have a weekly podcast with Kevin Restivo called Talking Tech. This week, we are joined by technology analyst Duncan Stewart to talk about Nortel’s decision to split with its long-time auditor, Deloitte & Touche, and what it means in terms of Nortel’s strategic focus. Technorati Tags: Nortel
Posted in Financials Leave a comment
Nortel Wins Taiwanese WiMax Contract
As Nortel pursues a strategy to gain 20% of the emerging Wi-Max market, it has won a contract to provide equipment to Taiwan’s Chunghwa Telecom Co.’s WiMax network. Terms of the deal were not disclosed. Obviously, any contract win is a big deal but the question that analysts and investors need to ask is whether [...]
Posted in Contract Wins, Wireless 5 Comments
RBC Reduce Target Price
RBC Capital Markets has dropped its 12-month target price on Nortel to $24 from $25 while maintaining its “sector perform” rating. Technorati Tags: Nortel
Posted in Analyst Coverage 4 Comments
Breaking Up is Hard to Do
If you’re Deloitte & Touche, Nortel’s decision to end a 92-year relationship is no doubt painful – particularly in the old pocket book given Nortel paid Deloitte a staggering $81-million in 2005 for auditing and other services. According to the National Post, that accounted for more than one-third of the fees that Deloitte collected from [...]
Posted in Financials 6 Comments
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 [...]
Posted in Financials 2 Comments
Barron’s Jumps on Nortel Bandwagon