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Let the Downgrades Begin
By Mark Evans | August 4, 2008
With Nortel disappointing the market with its Q2 results lat week, it’s takrn little time for the analysts to jump off the bandwagon.
Jefferies & Co.’s George Notter lowered NT to a “hold” from a “buy” amid fears of lower wireless sales. Notter is concerned the decline of Nortel’s CDMA business will not be offset by sales of other wireless technology.
George, I could have told you that!
Topics: Analyst Coverage |