Comments on: Hurray, Mike Z. Gets Rewarded!

By: R Cat Do

R Cat Do — Sun, 16 Mar 2008 20:08:27 +0000

As an employee of Nortel I'm appalled !!!!! I think they we're feeding us cocaine or another dug at the Sales Conference! — we bit, we believed! now this —- we employees (if we were in the top 10%) received a 3.4% increase max !!!

As for investments !!!!! You have people in development designing products and intrfaces 5+ years old… no committment and most products slide and the people in these groups continue to ask the sales force for statistics about what the martket needs…. I say kick these useless people out… they have no idea of what they're doing…

By: R Cat Do

R Cat Do — Sun, 16 Mar 2008 16:08:27 +0000

By: Steve

Steve — Mon, 03 Mar 2008 19:07:06 +0000

that's like going from the Lightning to the Panthers…have fun with that.

By: Not An Accountant

Not An Accountant — Mon, 03 Mar 2008 13:01:05 +0000

(REPEAT CHORUS TO FADE)

Lol….

By: many

many — Sun, 02 Mar 2008 19:13:50 +0000

Soooo, I think I've got it. They are on a journey. They are using their air miles to pay for “VPs of Tax” and exorbitant executive salaries with >20% raises. Experienced employees are so much useless baggage.

By: exNortelhand

exNortelhand — Sun, 02 Mar 2008 18:28:57 +0000

airmiles 101 explained

you have airmiles but do not use it because there is no opportunity to do so. you keep saving for that fantastic trip. then one day they send you a letter that you use them or loose them because on account inactivity. so you still cannot get a ticket but you have to use it. then you just buy any junk that you can get for the number of miles you have.

now translate to tax credits.

you have tax losses that can be subtracted. but this is kept until major profits are made because you expect to do so. now that never happens. so one day you wake up to the fact that they will expire. in this context, a merger, a breakup or bankruptcy. then the easiest thing to do is clean the books and settle them by taking out huge losses. in accounting its called throwing out the bathwater by maximizing all the bad news in one quarter. however, the writing on the wall is that the baby is going to get thrown out too.

By: Observer

Observer — Sun, 02 Mar 2008 18:04:07 +0000

I think when its all said and done even the Cisco's and the Nokias of the world will be slashing their revenue forecasts. IT and Carrier budgets are going to be pared further. When economic activity slows down with a sharp drop in consumer spending carriers will be forced to pare back spending. And finally once the US slows down, the world will follow. There will be no decoupling.

By: IamCanadian

IamCanadian — Sun, 02 Mar 2008 17:27:30 +0000

I'm not a tax expert. But to me (an average Joe Canadian) a write-off for tax purpose meaning there are some incentive gains. For example, I have my own business and I'm entitled to write off any expenditures like leasing an expensive luxury SUV, fancy iPhone and services, useless accountant services … if these tax write-off are not considered tax credits then why bother? and why now not later? Someone explains to me about frequent Air miles and I dont get ịt

By: Nortelhand

Nortelhand — Sun, 02 Mar 2008 16:33:19 +0000

Novice Investor,

Got it that Nortel is on a journey. But the issue still remains, the same debt is on the tax books (I realize no real loss it is just funny money) for the sum of $3 Billion. I don’t think anyone thinks the dollar is going to get stronger in 2008, so why wouldn’t Mike Z and team do the same thing is 4Q2008? I assume it would have the same devastating results to the price per share.

Got any ideas to make this a happy thing?

By: WE_ARE_FAMILY

WE_ARE_FAMILY — Sun, 02 Mar 2008 15:08:32 +0000

(CHORUS:)
We are family
I got all my brothers with me
We are family
Get up everybody and sing

Everyone can see we're together
As we walk on by stepping over everybody
(FLY!) and we fly just like birds of a feather
I won't tell no lie
(ALL!) all of the people around us they say
Can they be that close
Just let me state for the record
We're giving money in a family dose

(CHORUS x2)

Living life here is fun and we've only just begun
To get our share of the world's delights
(HIGH!) high hopes we have for our own future
With our retirement goals in sight
(WE!) no we don't get depressed
Here's what we call our golden rule
Have faith in you and the things you want
You can't do no wrong
This company is our family Jewel

(REPEAT CHORUS TO FADE)