Guest post by Frank Burch
Why is Janet Craig Rude to Analysts?
You know…Nortel doesn’t have too many friends out there, especially in the analyst community. That may beg the following questions:
1. Is NT management so busy that they can’t take all of the questions at a quarterly Conference call? C’mon, it takes an extra hour every quarter! We know Mike Z. is a busy guy…but so are we…and even taking into consideration Mike’s stock buys, he has made plenty of money in NT.
2. Why is Ms. Craig {Nortel’s VP of investor relations] so nasty to analysts, not to mention actual shareholders? Whether you like the conclusions of some street analysts or not, they are smart people. Silverstein, Umiastowski, Arya, Bhargava, Coleman, Gelblum, Sue. They have influence. They have been following NT since before Janet, Pavi and Mike were even around. You need the analysts on your team. Don’t be short, don’t be rude, don’t screw them (anymore).
Consider the following:
First, Craig lets her good friend, Gus Papageorgiou at Scotia, (one of the real bulls on NT) get absolutely shanghaied in Q1. It will be a long time before Gus gets a real warm fuzzy about NT. Institutional Investor award for 2008, probably not? Thanks, Janet.
And then from the conference call:
Vivek Arya - Merrill Lynch - Analyst
Maybe I could just follow-up with a clarification.
Janet Craig
I don’t know, Vivek, so the clarification okay we’ll see if it goes, okay.
Wouldn’t want to let the Merrill Lynch analyst ask a question! We have rules!
Craig won’t even let Mike Z talk…
Mike Zafirovski - Nortel Networks - CEO
Sorry. In terms of the first element of that question I just missed that because I think Janet was just talking.
Craig
I was trying to interrupt you, if you could only ask one question actually, Paras. Okay, your first question was on deferred revenue?
Janet…don’t interrupt The Boss. And to Ehud Gelblum of JPMorgan:
Craig: One question. One question, thank you.
And to UBS analyst Nikos Theodosopoulos:
Craig: I think Nikos, Pavi answered that question. So we’re going to go to the next caller.
Gee, Nikos, I know you really don’t favour NT. I’ll be extra rude to you just to make sure you never change your mind.
Janet, what’s with the attitude?
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