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Nortel Shares Hit New Low
By Mark Evans | August 26, 2008
For those still counting, Nortel shares touched a low of $5.51 earlier today. It’s either a record low or 25-year low but it’s still a low.
For what it’s worth, NT has dropped by more than 75% since Mike Zafirovski came on board as CEO. The question is whether the stock would have performed differently if someone else had been at the helm. As much as you want to critique and/or criticize his performance, Nortel is operating in a volatile landscape at a time when it continues to go through dramatic structure changes to remain competitive.
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Topics: Stock |