« Mike Z.’s Upbeat AGM Message | Main | Conference Call Etiquette? »
Nortel to Hold Off on M&A
By Mark Evans | May 7, 2008
Lots of stuff coming out of the AGM. Among the most interesting is a Reuters story in which Mike Zafirvoski suggests Nortel could make acquisitions to fuel growth but it will refrain given tighter credit markets.
“In the current environment, of course, financing is a challenge relative to where it was a year ago,” he said, adding: “We will not do anything silly.”
Bill Nelson, Nortel’s executive vice-president of global sales, told Reuters that an acquisition could help the company fill in gaps in its technology portfolio, or give it access to markets where it has a small presence.
The last deal of any size made by Nortel was the $99-million purchase of Tasman Networks in December 2005.
Technorati Tags: Mike Zafirovski, Nortel
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
Topics: M&A |
Add New Comment
Viewing 4 Comments
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Add New Comment