Archive for February, 2007
Next Entries »Currie’s CEO Aspirations
Wednesday, February 7th, 2007The National Post has a story today speculating that the reason Peter Currie may have decided to step aside as CFO is because he wanted to be CEO. The story hinges on a quote from an unnamed source:
“He’s a very driven guy. He’s left for other challenges before. He’s perhaps been looking to become [...]
S&P Downgrades NT
Tuesday, February 6th, 2007S&P analyst Ari Bensinger has downgraded Nortel to a “sell” from to a “hold” amid concerns about “heightened competition and carrier consolidation hampering marketing growth opportunities”. Bensinger expects Nortel’s sales grow by just 3% in 2007. Commenting on the departure of CFO Peter Currie, Bensinger said the company needs to “better stabilize its management group, [...]
Nice Work, Mr. Currie
Tuesday, February 6th, 2007After two years as Nortel’s CFO, Peter Currie has decided to resign - a decision that has to be a surprise to many Nortel watchers given Currie has played an instrumental role in the company’s rebound from an accounting scandal, and he seemed to be an integral part of CEO Mike Zafirovski overhauled senior management [...]
Investors Need Patience for $$
Tuesday, February 6th, 2007If you were involved in one of Nortel’s class-action lawsuits that have been settled, don’t get your hopes too high about getting your money soon. According to the Toronto Star, the cash from the biggest lawsuit - $2.5-billion that was settled with a combination of $819-million in cash and $1.66-billion in stock - won’t be [...]
Nortel AGM in Ottawa
Monday, February 5th, 2007Mark your calendars for May 2 for Ottawa if you’re looking forward to attending Nortel’s AGM. Chances are it will likely be a dull affair compared to recent AGMs (the six hour affair in Halifax a few years was the “highlight” but given Nortel’s history, you never know what could happen.
Technorati Tags: Nortel
Shrinking Nortel Sales Hammer Bookham
Friday, February 2nd, 2007Putting the blame on declining purchases from Nortel, optical equipment maker Bookham Inc. said it has no choice but adopt an “aggressive overhead reduction plan” that will see it eliminate employees, consolidating its U.K. semiconductor business and move more R&D to China. Bookham said Nortel will only account for 5% to 10% of sales in [...]
Where are the Posts, John?
Thursday, February 1st, 2007So Nortel CTO John Roese has launched a blog, which is great. But he hasn’t written a post since last Friday, which is not great. John, you can’t be afraid of making a commitment when you launch a blog. You’ve got to nurture it, tend to it, give it some love and attention and, most [...]
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