All About Nortel

Three ex-Nortel employees have settled fraud charges with the SEC in the wake of allegations they kept improper accounting reserves in Q4 of 2002.
Craig Johnson, James Kinney and Kenneth Taylor, who were VPs of finance for the wireline, wireless and enterprise business units respectively, agreed to each pay $75,000, and will be barred from acting [...]

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I don’t know about you but Friday - and Nortel’s first-quarter results - can’t come soon enough.
Just for fun, let’s do a poll on how you think the results will be:
Nortel’s Q1 Results Will: ( surveys)

Technorati Tags: Nortel

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With Nortel in a quiet period before its first-quarter results are unveiled on Friday, there’s a dearth of news.
So for all you Nortel addicts looking for a fix, check out this podcast on “LTE (or Long Term Evolution), what it is, why it is needed, some typical uses for LTE and how it will benefit [...]

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Mike Zafirovski, President and CEO, and Pavi Binning, Executive VP and CFO, will present the first quarter 2008 results during a live audio webcast and conference call.
Date: Friday, May 2nd, 2008
Time: 8:30 a.m. ET
To take part in the audio Webcast, visit: http://www.nortel.com/q1earnings2008
To participate in the audio teleconference and Q&A, call: North America 1-866-225-6564; [...]

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Nortel’s first-quarter results don’t come out until next Friday but there’s already noise that they won’t be pretty.
MarketWatch has a short pre-earnings story that analysts believe it will be a tough quarter due to “soft demand”. Nortel is expected to lose six cents a share (excluding extraordinary items) on revenue of $2.5-billion. The compares with [...]

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Motorola looks increasingly vulnerable these days after it posted a 21% decline in first-quarter sales and a net loss of $194-million. The big shocker was a 40% drop in the mobile phone business to $2.1-billion.
With Motorola scrambling financially, maybe the idea of a marriage/deal with Nortel looks more appealing as a way for two struggling [...]

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According to Unstrung.com, Germany’s 02 is poised to say “Auf Wiedersehen” to Nortel.
The wireless carrier is going to replace all of its Nortel GSM and UMTS base stations with new equipment from Huawei and Nokia Siemens.
Unstrung reports this is Nortel’s second loss in Germany to Huawei following T-Mobile’s decision to use Huawei’s Packet Switched [...]

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Don’t be too surprised if you see Nortel ads on television over the next little while after it launched a new campaign around the tag line “Business Made Simple”.
The 30-second spots feature senior executives discussing how Nortel’s technology helped their businesses. For example, the general director of India’s Mumbai International Airport talks about how Nortel’s [...]

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Hey, Nortel’s going green!
Click here to watch CEO Mike Z. talk about the company’s effort to embrace the environmental movement. Nortel is among a number of companies attending Fortune Magazine’s Brainstorm: Green Conference this week in Pasadena, Ca.
Quick fact: Did you know that more than 50% of the world’s used computers are shipped to China [...]

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LightReading is reporting that BT Group’s Provider Backbone Transport plans may be in flux as a new management team reviews the company’s 21CN project. This could see more emphasis on MPLS to deliver Ethernet service as opposed to PBT.
After initially being left out of the $10-billion 21CN project, Nortel got its foot in the door [...]

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