All the News about Nortel Networks

All About Nortel

• Home
• About
• Advertise
• Contact
• Privacy

Archive for April, 2008

Pangia Gets Promotion

Michael Pangia must have been doing some good things for Nortel in Asia and/or they really need to fill the newly-created position as senior vice-president, global sales operations and strategy.
Here’s the official statement from Bill Nelson, EVP, global sales:
“We are driving towards world-class sales operations and customer focus, and Michael Pangia, with his recent experience [...]

Nortel May Dump Sasken Stake

According to India’s The Financial Express, Nortel may be planning on selling its 11.31% stake in Sasken Communication Technologies Ltd., a Bangalore-based telecom R&D firm that Nortel invested $10-million in three years ago.
Sasken, which has worked with Nortel since 1991 on many of its GSM technologies, may back the stake back from Nortel. Its board [...]

EPS Estimates for Q1

My friend, Frank Burch, was kind enough to pass along a compilation of analyst estimates for Nortel’s first-quarter results:

Technorati Tags: Nortel

Nortel: MIA in LTE?

The National Post wonders why Nortel wasn’t among the list of companies included in a major LTE licensing announcement.

Technorati Tags: Nortel

Price Target Update

With Nortel rebounding from a record low of $5.73 recently, and its Q1 earnings being released on May 2, here’s a snapshot of what the analysts think of NT’s prospects:

I’m still curious about the analyst(s) holding out with a $31 stock-price target - if, in fact, this information is still accurate.

Technorati Tags: Nortel

Another Day, Another New Nortel Blog

Given how much Nortel likes to talk about “hyperconnectivity”, it comes as no surprise at all that it’s launched a new blog called….”Hyperconnectivity“.
Phil Edholm said the blog, written by Alex Lewis and Carl Longino, will “look at the Hyperconnectivity revolution from the view of Nortel’s key initiatives addressing the Hyperconnectivity challenge - UC, WiMAX, [...]

Nortel Pins Hopes on Wireless

So, what’s going to save Nortel’s bacon?
According to chief technology officer John Roese, Nortel is going to reap the benefits of wireless upgrades as carriers look to boost the speed and size of their networks.
In an interview with Bloomberg, Roese said the company’s focus on LTE (Long Term Evolution) technology will produce dividend as [...]

Merrill: Break-up of NT could unlock >35% value

Merrill Lynch Tal Liani issued a research report today suggesting Nortel has a theoretical breakup value of $10 - $4.25/share for the wireless business and $5.44 for the rest of the company.
He suggests that long-term valuation creation depends on improving the scale, growth activities and cost structure of Nortel’s wireline and enterprise units. To provide [...]

Lehman Maintains Rating, Revenue, EPS Estimates

In the wake of the CTIA conference last week, Lehman Brothers came away with some sense of comfort regarding Nortel’s CDMA/GSM prospects, while maintaining its 2008 and 2009 revenue and EPS estimates at $11.1B/$1.03 and $11.6B//$1.33.
Here’s a synopsis of the Lehman report:

“NORTEL: Sees LTE Deployments Earlier than Anticipated; CDMA/GSM to Carry Stable Revenues Near-Term
We met [...]

Baird Lowers Rating

The analyst community is clearly worried about Nortel’s enterprise prospects. R.W. Baird has lowered its rating to neutral due to a combination of a weaker enterprise environment, as well as lower CDMA spending expectations.
Source: RCR WirelessNews

Technorati Tags: Nortel