All About Nortel

….he could have become CEO now that the embattled Ed Zander is stepping aside, and being replaced by Greg Brown, 47, currently the company’s president and chief operating officer.
For more, check out Bloomberg, as well as CrunchGear.

Technorati Tags: Ed Zander, Mike Zafirovski, Motorola, puppy

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Verizon Wireless’ decision to use long-term evolution technology could make life, well, interesting for Nortel.
LTE is technology supported by the GSM community - a market where Nortel has a minor presence. At first blush, this suggests that Verizon’s decision could be bad news for Nortel.
The silver lining, however, is CDMA (the technology used within Verizon’s [...]

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At the end of the day, ex-Nortel CEO Frank Dunn and the other executives who allegedly cooked the books to trigger a lucrative bonus scheme may very well be exonerated. The entire accounting mess may, in fact, be - as Dunn contends - a result of mistakes and errors rather than a case of greed [...]

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The last time Nortel aggressively waded into India, it ended up losing more than $260-million on a GSM/GPRS deal to expand Bharat Sanchar Nigam Ltd.’s wireless network - a project pushed by ex-CEO Bill Owens despite the objections of ex-COO Gary Daichendt, who correctly believed it was an uneconomic proposition.
Since then, Nortel has taken a [...]

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Before you knew it, Mike Z.’s second anniversary as Nortel’s CEO slipped by last week with little fanfare.
For anyone keeping score, when Zafirovski was appointed Nortel’s president and CEO in mid-October, 2005, the company’s shares closed at $4.10. Yesterday, they closed at $1.69 (or $16.90 when you take into account a 10:1 stock consolidation). Zafirovski [...]

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It must be nice to be a senior telecom executive who moves on to pursue other interests. Dion Joannou, the who used to head up Nortel Networks’ North American sales, before leaving for “personal reasons” a couple of months ago. From a SEC filing, he will be getting a$780,000 U.S. severance package and other benefits [...]

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This is not a surprise…but Cisco continues to dominate the worldwide router and switch market.
According to Synergy Group Research, Cisco had 66.1% of the $3.3-billion router market in Q3. The router market grew 21% year-over-year, with service provider routers accounting for $2.4-billion of sales (+29%). Juniper gained 1.7% market share in the carrier ethernet market, [...]

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If you haven’t done so already, you might want to check out what Nortel’s in-house bloggers, John Roese and Phil Edholm, have been doing recently.
Much to my surprise, both have written blog posts that aren’t Nortel-centric. Roese, for example, has a post on the One Laptop Per Child program that appears to be gaining some [...]

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On the heels of a disappointment sales forecast, Cisco Systems has decided to double its share buy-back to program to $10-billion - or potentially 6% of the company’s outstanding shares based on the current stock price.
A Bloomberg story on the buy-back plans, includes this juicy quote from Standard & Poor’s analyst Ari Bensinger:
“The company [...]

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Robert W Baird has maintained its “outperform” rating on Nortel with a target price of $26.
In a research note, the investment firm said Nortel has indicated that it is making progress on operating profit improvement targets of +$750 million and +$1.5 billion set under the business bransformation plan for 2007 and 2008, respectively. Baird said [...]

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