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Analyst Reaction to R&D Plan
By Mark Evans | April 7, 2008
In the wake of Nortel’s new R&D strategy, the analyst community has bee fairly quiet.
Deutsche Bank analyst Brian Modoff, who is among the most “colorful” commenters, seems to be unconvinced the new approach to R&D will make a difference.
“(Nortel’s) pursuing multiple-end markets, so it’s jack of all trades but master of none,” he told the Ottawa Business Journal. “People are asking, ‘Why is this a $6 stock again?’ because no one knows who they are as a company. They muddle in a lot of things. Where are their core competencies?”
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Topics: Analyst Coverage, R&D |