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Archive for January, 2007

More Thoughts on Nortel-BT Deal

Duncan Stewart, one of Canada’s leading technology analysts, is writing his column again for the National Post. This week, he takes a look at Nortel’s recent contract agreement with BT and the prospects for provider backbone technology (PBT).

Technorati Tags: Mike Zafirovski, Nortel

Nortel Looking To Go Shopping

After spending the past year and a bit restructuring Nortel and dealing with its accounting troubles, CEO Mike Zafirovski says the company is “stable enough” to make an acquisition, according to a Reuters story. “”I am much more comfortable that we have a foundation in place right now within Nortel from an operational and financial [...]

TD’s Thoughts on the BT Deal

TD Securities analyst Chris Umiastowski has some thoughts on Nortel’s recent Ethernet supply deal with BT, which he believes is worth well under $100-million.
“n our view, this win with BT is more psychologically important than financially material. Nortel has driven the development of this new flavour of Ethernet, and is clearly now seeing [...]

UBS Maintains Neutral Rating

In the wake of Nortel’s Ethernet deal with BT earlier this week, UBS has maintained its “neutral” rating on Nortel with a target price of $26. The investment firm said the agreement to supply equipment to BT’s next-generation network will boost the value of Nortel’s provider backbone technology, while the stock is expected to appreciate.

Technorati [...]

Nortel Gets into BT’s 21CN

After being unceremoniously shut out of BT’s $19-billion, next-generation network contract, Nortel has squeezed its way back into the game after BT has selected Nortel’s Metro Ethernet Routing Switch 8600 and Metro Ethernet Services Unit 1850 for the Ethernet component of its 21CN. (Siemens also got part of the Provider Transport Backbone business) “Today’s announcement [...]

Nortel Could Sue Apple Too

Looks like Apple’s new iPhone is becoming a legal hot potato. First, Cisco threatens to sue Apple over the use of “iPhone”; and now Nortel could have some issues about Apple’s use of the term “Visual Voicemail”, according to The Register. Nortel sells a product using “Visual Voicemail” within its Voice Office Applications Suitem and [...]

Bernstein Downgrades NT

In the better than late than never news category, Sanford Bernstein analyst Paul Sagawa downgraded Nortel last week to “underperform” from “market perform”. Sagawa expects a “sharp deceleration” in telecom equipment spending.

UBS Raises 2007 Estimates, Target Price

Citing Nortel’s prospects in the CDMA business this year, UBS Securities has raised its EPS and revenue targets to $12.12-billion and $0.66 respectively from $11.96-billion and $0.56. UBS also raised its stock target price to $26 from $23.50.
In 2008, UBS is looking for revenue and EPS targets to $12.4-billion and $1.50 compared with earlier estimates [...]

So Why Did Sprint Overlook Nortel?

In the wake of Sprint selecting Nokia rather than Nortel as the third supplier for its $2.5-billion to $3-billion WiMax contract, it’s interesting read a research report issued last week by TD Securities analyst Chris Umiastowski (before Sprint officially unveiled Nokia as its choice). Umiastowski said Nokia’s selection would be a “disappointment” for Nortel because [...]

My Top Pick is….Nortel. Say What?

It’s not often you come across a fund manager who has Nortel has his/her top pick but Robert Callander, a portfolo manager with Caldwell Securities Ltd., appears to be the exception to the rule. Mr. Callander, who ranks Nortel as a “buy”, told the Globe & Mail he was encouraged by the company’s recent stock [...]