Comments on: Nortel Now a Penny Stock

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By: Nortelhand

Nortelhand — Thu, 28 Feb 2008 05:58:35 +0000

The price reflects the realities at Nortel. What does Nortel have to sell that will strongly drive earnings? Nothing! What makes Nortel the company of choice for clients? Cost; and Z is working on that by reducing overhead and talent.

Blaming the sales force is not the right thing to do, but it is easy to measure the success or failure. No matter what is being said by Z, perspective clients are looking at Nortel and wondering if this product, service, Nortel, etc… will be around in 1, 2…5 years and beyond. The recent shock in stock price will do nothing to help this perceived idea. Remember, no one gets fired (clients) for buying top tier equipment, it is easy to justify no matter what the cost and it is the safe thing to do.

It will not be a happy year(s) at Nortel for employees or investors.

By: Casual Observer

Casual Observer — Thu, 28 Feb 2008 04:34:16 +0000

At this point its all just a morale play at Nortel. Maybe its time to empty the coffers before shareholders ask for cash.

By: Johnny Aerotek

Johnny Aerotek — Thu, 28 Feb 2008 02:17:41 +0000

So, brass let the sausage hang out in Vegas leveraging all manner of synergies, eh?

Meanwhile their cube dwelling underlings empty theirs in Own It! inspired, darkened lavatories, to save money on the light bill, effectively supporting the Inevitable Turnaround.

Sigh.

By: Canary in a Coalmine

Canary in a Coalmine — Thu, 28 Feb 2008 02:13:34 +0000

Did anyone hear about Sales comp being “higher than expected”? So is NT now paying Sales teams bonuses for missing their targets???!!!!!

By: Novice Investor

Novice Investor — Thu, 28 Feb 2008 00:34:06 +0000

I'm HUNG at $22.00 per share and “MEAN” Target of $21.08 per share takes on a new investor meaning !!

By: Nortel watcher

Nortel watcher — Thu, 28 Feb 2008 00:20:02 +0000

Novice Investor,

You missed a great party in Vegas for Nortel's salesforce for the Americas. That was some tab that the executive leadership stuck the shareholders with. Then again, mgmt needed to find a way to boost morale in a year with fewer equipment deals going around….except for those local schools that Nortel has been doing press releases on lately to showcase their order closing prowess.

By: Novice Investor

Novice Investor — Wed, 27 Feb 2008 23:52:49 +0000

Where's Scotia Capital ($31 target), Gus Papageorgiou, 416-863-7552 and TD Newcrest ($28 target), Chris Umiastowski, 416-983-3599 now ??

Somebody who can talk the "Nortel and sector tech language" call these guys and report back please. Thank you !

I should of gone to Las Vegas !!