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Archive for August, 2007

Buoyant IP Growth

According to a Dell’Oro Group report, shipments of IP lines in the second-quarter climbed 30% due to strong demand from small businesses, which is good news for suppliers such as Nortel, Avaya and Cisco that have been targeting the small business market with VoIP services.
“Vendors continue to broaden their VoIP offerings to small [...]

Mike Z.’s Quote of the Day

Nortel CEO Mike Zafirovski speaking in New Dehli about Nortel is a different beast from how it operates during the telecom boom.
“We are far more pragmatic this time around, we are very cautious”, which I hope means that Zafirovski and his chief strategist George Riedl won’t be spending billions of dollars acquiring start-ups with little [...]

Nortel Buys Stake in Indian Company

With Nortel CEO Mike Zafirovski in India, the timing is perfect for the company to announce it has purchased a minority stake in Bangalore-based Tejas Networks, the country’s leading optical equipment maker.
Tejas is a privately-owned company whose investors include including Sycamore Networks founder (and former Queen’s University teacher) Gururaj Deshpande, venture capitalists Battery Ventures and [...]

Nortel’s Wi-Max Dreams

Light Reading has an in-depth story looking at Nortel’s ambitious Wi-Max strategy following a presentation at Nortel’s Maidenhead site in the U.K.
With $100-million of R&D spending now on Wi-Max, it is clearly a major strategic priority for Nortel. However, Heavy Reading analyst Patrick Donegan has his reservations in light of the fact Nortel has [...]

Mike Z.’s Quote of the Day

“It will take us three to five years to recreate that great company”
- Mike Zafirovski speaking in Mumbai about how long it will take to bring Nortel back to its former status as one of the world’s leading telecom equipment makers.

Zafirovski Q&A

Nortel CEO Mike Zafirovski sat down for a Q&A with India’s Economic Times before speaking tomorrow in Mumbai.
Among the more interesting tidbits was Mike Z.’s concession that Nortel did not invent the term or concept of “hyper-connectivity”, which will make folks such as Jim Carroll a little happier. That said, there’s no doubt hyper-connectivity [...]

Nortel Adjust Job Cut Plans

According to the Ottawa Citizen, Nortel’s plans to cut 2,900 has been tweaked. Rather than cutting 1,700 positions, Nortel will only be slashing 1,450 jobs. The company is still intent on reaching its stated goal of eliminating 2,400 positions overall as part of a plan to reduce operating expenses by $1.5-billion.

Talking the Talk; Walking the Walk

When Nortel CEO Mike Zafirovski said recently that Nortel shares were attractive, he wasn’t just blowing smoke.
According to SEC, Mike Z. bought $1-million of shares earlier this week - 52,000 shares at prices between $19 and $19.33 a share. These are the first shares he’s bought since coming on board in late-November.
Of course, given [...]

Genuity Maintains Hold

In the wake of Nortel’s second-quarter results, Genuity analyst David Hodgson has maintained his “hold” rating and $24 target.
“While the valuation has become more appealing to us, we need to see some evidence that Nortel is going to become a more focused company before upgrading it,” he said in a research note. “It quite simply [...]

Q2 Conference Call Transcript

Anyone looking for a transcript of Nortel’s second-quarter conference call, head on over to Seeking Alpha.