All About Nortel

Vonage continued its lawsuit settlement streak by reaching an agreement with Nortel that will see a license exchange but no cash involved.
The dispute, which involved 411 and 911-related services, came after Nortel recently filed a lawsuit against Vonage for patent infringement.
Earlier this year, Vonage settled lawsuits with AT&T, Sprint, Nextel and Verizon.
For more, check out [...]

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The Wall St. Journal asked a number of CEOs how they will try to manage their time better in 2008.
In an answer we can all probably appreciate, Nortel’s Mike Zafirovski said he hopes to make e-mail less of a distraction. “I know I get too many emails, and probably issue too many as well,” he [...]

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Not that I want to be a Grinch during the holiday season, but it should be noted that Nortel shares hit a 52-week low of $15.17 earlier this week - more 50% below the 52-week high of $31.79.
When taking the 10:1 stock consolidation into consideration, the stock is trading at $1.51, which is really not [...]

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Tis the season for good cheer…..and legal settlements.
According to Bloomberg, Vonage and Nortel are apparently in discussions to settle a dispute over the use of 12 patents by Vonage.
Vonage has reached settlements in several other high-profile lawsuits this year, including a recent deal to pay $39-million to AT&T.
Update: Vonage and Nortel announced a settlement on [...]

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Nortel CTO John Roese had a pretty good media run in 206 but then he seemed to disappear from the spotlight. (Maybe he was focusing on his blog…and the 12,000 engineers, scientists and designers he oversees.)
For anyone looking for Roese taking where networks are going, the wireless market, and why Google is bidding for spectrum, [...]

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Unless Nortel does something newsworthy over the holidays (similar to buying Tasman Networks in late-December, 2005), things will be pretty quiet around here.
Happy Holidays, and thanks for visiting/reading!

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Is there anything to this move involving $1-billion of senior notes other than paper shuffling?

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Looks like 24/7 Wall St. is losing patience with the pace of Nortel’s turnaround efforts.
Nortel “still has a $6 Billion market cap, has somewhere around 33,000 employees (down from over 90,000 workers in the tech bubble), and it still has major strategic partnerships on every continent. It offers close to a full service product [...]

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Charlie Giancarlo, seen by many people as John Chambers’ successor as Cisco’s CEO, has left to become a venture capitalist with Silver Lake Partners.
He’s the second high-ranking senior manager with Cisco abandon ship following the departure of Mike Volpi, who left to become CEO with Joost.
For more, check out GigaOm and ValleyWag, which suggests Giancarlo [...]

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As promised, here’s what “the people” had to say about Nortel’s strategic priorities for 2008.
Topping the list is - surprise, surprise - make a major acquisition with 35% of all votes.
The $64,000 question is what to buy, what to buy. In 2007, Nortel seemed to have major ambitions but fell short in its bid [...]

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