All About Nortel

As an added bonus, here’s CEO Mike Zafirovski’s video about the 2007 annual report.

Technorati Tags: Mike Zafirovski, Nortel

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Come and get it, the 2007 annual report!
Here’s chairman Harry Pearce’s letter.
The journey to renewal at Nortel continued throughout 2007. Progress on our multi-year transformation plan was made across the board and we are regaining a day-to-day operating rhythm for the company. We have also seen the further strengthening of the leadership team under [...]

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I just came across this CBC news report (Hat tip to Nortel Buzzboard) about how the Internet is apparently headed for a massive traffic, which CBC anchor Peter Mansbridge breathlessly opines “could slow the Internet and, possibly, mean the end of the Internet as we know it.”
It’s not surprising Nortel loves this kind of report, [...]

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There have been suggestions on a number of fronts that Nortel is spending way too much on R&D - 17% of total sales - so it does not come as much of a surprise to see CTO John Roese talk about the company’s plans to overhaul its R&D operations.
In a speech in Ottawa, Roese said [...]

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Motorola plans to split into into two publicly-traded companies - one involving its home and networks business (set-top boxes, modems, enterprise equipment), and a second involving its wireless phone business.
The move comes amid pressure from investors, include billionaire Carl Icahn, for Motorola to restructure given its sluggish performance and the struggles of the wireless device [...]

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Got a tip from a reader (Thanks!) that Nortel CEO Mike Zafirovski is putting his money where his mouth is by acquiring some more NT stock.
Earlier this week, he purchased 83,500 shares at prices range from $6.20 to $6.37 each. Mike Z. also holds 1.73 million stock options with exercise prices ranging from $8.31 [...]

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The last time Nortel did business with India’s BSNL, Nortel lost its shirt….along with more than $260-million.
Nevertheless, Nortel is taking another shot at getting a bigger foothold in the oh-so-large but oh-so-competitive Indian telecom equipment market by taking on a $100-million deal to supply BSNL with GSM lines.
“India represents an enormous opportunity for Nortel in [...]

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TD Securities analyst Chris Umiastowski headed down to the VoiceCon conference in Orlando recently, and came away impressed with Nortel’s enterprise communications prospects.
The crux of his optimism is based on Nortel’s “close partnership” with Microsoft - remember the joint venture they signed in mid-2006?
Here’s what Umiastowski had to say about it:
“Considering how important we believe [...]

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Nortel’s insistence that a turnaround is imminent doesn’t seem to be registering anymore with some analysts.
“No one listens to them,” said analyst Deutsche Bank analyst Brian Modoff told the News & Observer. “When you lack credibility, there’s a significant discount that’s applied to everything you say and do.”

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This list is nearly three months old but it does provide some insight into what institutions own a lot of Nortel. The largest shareholder is Brandes Investment Partners, a hedge fund based in San Diego.

Technorati Tags: Nortel, Brandes Investment Partners

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