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	<title>Comments on: Nortel Shares Hit New Low</title>
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	<description>All the News about Nortel Networks</description>
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		<title>By: less</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-32054</link>
		<dc:creator>less</dc:creator>
		<pubDate>Tue, 02 Sep 2008 19:36:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-32054</guid>
		<description>Cissyco on the other hand, has lost as much as 54 cents in the same time span thus far. From $24.76 to $24.22 (in an obvious downward secular trend thats set to last another 7 years.) Numbers don&#039;t lie: Whats better, +70 cents or -54 cents? Cmon, this is first grade math.</description>
		<content:encoded><![CDATA[<p>Cissyco on the other hand, has lost as much as 54 cents in the same time span thus far. From $24.76 to $24.22 (in an obvious downward secular trend thats set to last another 7 years.) Numbers don&#39;t lie: Whats better, +70 cents or -54 cents? Cmon, this is first grade math.</p>
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		<title>By: less</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5233</link>
		<dc:creator>less</dc:creator>
		<pubDate>Tue, 02 Sep 2008 15:36:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5233</guid>
		<description>Cissyco on the other hand, has lost as much as 54 cents in the same time span thus far. From $24.76 to $24.22 (in an obvious downward secular trend thats set to last another 7 years.) Numbers don&#039;t lie: Whats better, +70 cents or -54 cents? Cmon, this is first grade math.</description>
		<content:encoded><![CDATA[<p>Cissyco on the other hand, has lost as much as 54 cents in the same time span thus far. From $24.76 to $24.22 (in an obvious downward secular trend thats set to last another 7 years.) Numbers don&#39;t lie: Whats better, +70 cents or -54 cents? Cmon, this is first grade math.</p>
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		<title>By: mr Zero</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5234</link>
		<dc:creator>mr Zero</dc:creator>
		<pubDate>Thu, 28 Aug 2008 03:19:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5234</guid>
		<description>mr Zero&lt;br&gt;10 mill sign on bonus. nice sal. good perks. corporate jet. 500K pension after 5 years. nice job. all the issues are past regimes problems. so blame them. just keep talking about what I remember from my GE days. er. 6 sigma, process, manufacturing stuff. thats what will get us the top line. if it does not layoff people to get the bottomline. this is da life. I got that GE ring on my finger man.&lt;br&gt;&lt;br&gt;mr Hyper&lt;br&gt;knows nothing. blow hot air. appear to know everything. hyper this hyper that. R&amp;D what is that. Investment how do you do that. &lt;br&gt;&lt;br&gt;mr Temper&lt;br&gt;beat up women. throw tantrums. my way or no way. I&#039;ll teach you how to run R&amp;D (although I only know manufacturing)&lt;br&gt;&lt;br&gt;mr Moron&lt;br&gt;metro metro metro. growing growing growing. need a new business unit. oh man! nothings making mone. ya move it all to CTO. oh its only optical now. lets keep it as a separate unit although before it was under Carrier. Heck I&#039;ll have to go back to GM. That positon is already taken Heck I might lose my job. No way. Lets just call it Metro Networks now that Ethernet is gone. metro metro metro.&lt;br&gt;&lt;br&gt;mr Low&lt;br&gt;GSM a bust. UMTS a bust. CDMA in decline. WiMesh a bust. WiMax a bust. LTE oops forgot the A in it as its actually LATE. OEMs got bought out.  almost on my way out. lets not rock the boat close to retirement.</description>
		<content:encoded><![CDATA[<p>mr Zero<br />10 mill sign on bonus. nice sal. good perks. corporate jet. 500K pension after 5 years. nice job. all the issues are past regimes problems. so blame them. just keep talking about what I remember from my GE days. er. 6 sigma, process, manufacturing stuff. thats what will get us the top line. if it does not layoff people to get the bottomline. this is da life. I got that GE ring on my finger man.</p>
<p>mr Hyper<br />knows nothing. blow hot air. appear to know everything. hyper this hyper that. R&#038;D what is that. Investment how do you do that. </p>
<p>mr Temper<br />beat up women. throw tantrums. my way or no way. I&#39;ll teach you how to run R&#038;D (although I only know manufacturing)</p>
<p>mr Moron<br />metro metro metro. growing growing growing. need a new business unit. oh man! nothings making mone. ya move it all to CTO. oh its only optical now. lets keep it as a separate unit although before it was under Carrier. Heck I&#39;ll have to go back to GM. That positon is already taken Heck I might lose my job. No way. Lets just call it Metro Networks now that Ethernet is gone. metro metro metro.</p>
<p>mr Low<br />GSM a bust. UMTS a bust. CDMA in decline. WiMesh a bust. WiMax a bust. LTE oops forgot the A in it as its actually LATE. OEMs got bought out.  almost on my way out. lets not rock the boat close to retirement.</p>
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		<title>By: StillACurrentEmployee</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5235</link>
		<dc:creator>StillACurrentEmployee</dc:creator>
		<pubDate>Wed, 27 Aug 2008 19:46:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5235</guid>
		<description>Nortel hit a low on October 10th, 2002 of $.43, or $4.30 split adjusted.</description>
		<content:encoded><![CDATA[<p>Nortel hit a low on October 10th, 2002 of $.43, or $4.30 split adjusted.</p>
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		<title>By: less</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5236</link>
		<dc:creator>less</dc:creator>
		<pubDate>Wed, 27 Aug 2008 14:17:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5236</guid>
		<description>&quot;Expect many many bank and corporate failures. The era of leverage, debt and credit is coming to a crashing ending as it all unwinds.&quot;&lt;br&gt;&lt;br&gt;And the long-suffering proletariat will ultimately give Obama all the credit. Well, because they gave him their vote.</description>
		<content:encoded><![CDATA[<p>&#8220;Expect many many bank and corporate failures. The era of leverage, debt and credit is coming to a crashing ending as it all unwinds.&#8221;</p>
<p>And the long-suffering proletariat will ultimately give Obama all the credit. Well, because they gave him their vote.</p>
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		<title>By: Just_lurking_by</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5237</link>
		<dc:creator>Just_lurking_by</dc:creator>
		<pubDate>Wed, 27 Aug 2008 03:32:06 +0000</pubDate>
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		<description>observer your comments are always so prophetic</description>
		<content:encoded><![CDATA[<p>observer your comments are always so prophetic</p>
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		<title>By: Stalin</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5238</link>
		<dc:creator>Stalin</dc:creator>
		<pubDate>Wed, 27 Aug 2008 03:25:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5238</guid>
		<description>It really comes down to discipline.&lt;br&gt;&lt;br&gt;The Gary&#039;s could have fixed NT but the Board was unwilling, would have been too drastic. Take a look at the early 90&#039;s, things were good. NT had just a couple of competitors and was FAT. It had no need to become a disciplined corporation.&lt;br&gt;&lt;br&gt;Late 90&#039;s was chaos and a free for all. Noone cared about actual business performance. MikeZ comes in to fix things with a huge ego but a total lack of will power. He changed the top level but the middle management is still the same. Top level are yes people. Middle people are still the FAT old school types who think that business will come to them based upon chartware, as opposed to market understanding. Nobody holds them to task. If I was a business leader at NT I would expect my reports to make accurate forecasts and keep them. That does not happen at NT. Not even close. The competition is not Cisco, but middle management and complacency.&lt;br&gt;&lt;br&gt;JackW would have fixed NT and so would have the Garys. NT&#039;s CTO blows a lot of hot air. Nothing he talks about has turned into $$ yet. Or even close.&lt;br&gt;&lt;br&gt;The market is &#039;soft&#039;.....right go tell Cisco that! Their numbers disagree, as does the profitability of Micro$oft.&lt;br&gt;&lt;br&gt;Anaylists....funny people really since they cant seem to predict anything and base their ratings on emotion. That aside NT does not deserve a higher share price at this point in time.&lt;br&gt;&lt;br&gt;Did I mention NT lack total business discipline?&lt;br&gt;&lt;br&gt;Z is forced into plan B. 3 - 5 years for change and we are almost at 3 with little progress. Remember his BIG? We have not seen any growth of substance, yet Crisco seems to be able to do it. Business Transformation seems to be focused on bringing YES MEN into the inner circle. As previously discussed Crackney should be terminated for his violence against women. JackW from GE would have turfed him in a heartbeat.&lt;br&gt;&lt;br&gt;That is integrity and NT&#039;s prior &#039;ethics&#039; advisor knew it and hence quit.&lt;br&gt;&lt;br&gt;Mike Z in his plan B is looking how to divest. There is no other option for him to save face and become a savior of the high tech world but who wants the various bits of NT? MS, MOT and the Germans have said no.&lt;br&gt;&lt;br&gt;These aquisitions were miniscule that were recently announced.&lt;br&gt;&lt;br&gt;Within 18 months you will see significant divestiture.</description>
		<content:encoded><![CDATA[<p>It really comes down to discipline.</p>
<p>The Gary&#39;s could have fixed NT but the Board was unwilling, would have been too drastic. Take a look at the early 90&#39;s, things were good. NT had just a couple of competitors and was FAT. It had no need to become a disciplined corporation.</p>
<p>Late 90&#39;s was chaos and a free for all. Noone cared about actual business performance. MikeZ comes in to fix things with a huge ego but a total lack of will power. He changed the top level but the middle management is still the same. Top level are yes people. Middle people are still the FAT old school types who think that business will come to them based upon chartware, as opposed to market understanding. Nobody holds them to task. If I was a business leader at NT I would expect my reports to make accurate forecasts and keep them. That does not happen at NT. Not even close. The competition is not Cisco, but middle management and complacency.</p>
<p>JackW would have fixed NT and so would have the Garys. NT&#39;s CTO blows a lot of hot air. Nothing he talks about has turned into $$ yet. Or even close.</p>
<p>The market is &#39;soft&#39;&#8230;..right go tell Cisco that! Their numbers disagree, as does the profitability of Micro$oft.</p>
<p>Anaylists&#8230;.funny people really since they cant seem to predict anything and base their ratings on emotion. That aside NT does not deserve a higher share price at this point in time.</p>
<p>Did I mention NT lack total business discipline?</p>
<p>Z is forced into plan B. 3 &#8211; 5 years for change and we are almost at 3 with little progress. Remember his BIG? We have not seen any growth of substance, yet Crisco seems to be able to do it. Business Transformation seems to be focused on bringing YES MEN into the inner circle. As previously discussed Crackney should be terminated for his violence against women. JackW from GE would have turfed him in a heartbeat.</p>
<p>That is integrity and NT&#39;s prior &#39;ethics&#39; advisor knew it and hence quit.</p>
<p>Mike Z in his plan B is looking how to divest. There is no other option for him to save face and become a savior of the high tech world but who wants the various bits of NT? MS, MOT and the Germans have said no.</p>
<p>These aquisitions were miniscule that were recently announced.</p>
<p>Within 18 months you will see significant divestiture.</p>
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		<title>By: Observer</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5239</link>
		<dc:creator>Observer</dc:creator>
		<pubDate>Wed, 27 Aug 2008 03:02:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5239</guid>
		<description>Mark - nice posting. Now let the what-ifs begin. For the record, my vote was that Nortel would be in the same position if ANYONE else were CEO. Much of Nortel&#039;s resources (around $400M in cash) were taken up in cleaning up the books under Mike Z. Once Nortel revealed the accounting and financial fraud that went on they were legally bound to clean it up and this meant spending hundreds of millions of dollars on lawyers, accountants and software that could have been spent elsewhere. That money could have been used for acquisitions, additional R&amp;D investments or anything else if the books were clean. So it wouldn&#039;t have mattered who the CEO was. We just live under a time of tighter rules and regulations that forced Nortel&#039;s hand under Mike Z. &lt;br&gt;&lt;br&gt;I will go on record today and say Nortel will not survive in its existing format as a wholly owned public company. You can take that to the bank. The downgrade today by Lehman &amp; every other investment bank is an effort to squeeze every company with a weak balance sheet in order to shore up their own reserves.  Many companies will be squeezed come September and Nortel will be shorted by hedge funds run by these same investment banks. Expect the stockholders to lose all their equity while the bonds finally get called in (again by investment banks).  The capital squeeze that is occurring will be unlike any other in modern banking or financial history. Expect many many bank and corporate failures. The era of leverage, debt and credit is coming to a crashing ending as it all unwinds.</description>
		<content:encoded><![CDATA[<p>Mark &#8211; nice posting. Now let the what-ifs begin. For the record, my vote was that Nortel would be in the same position if ANYONE else were CEO. Much of Nortel&#39;s resources (around $400M in cash) were taken up in cleaning up the books under Mike Z. Once Nortel revealed the accounting and financial fraud that went on they were legally bound to clean it up and this meant spending hundreds of millions of dollars on lawyers, accountants and software that could have been spent elsewhere. That money could have been used for acquisitions, additional R&#038;D investments or anything else if the books were clean. So it wouldn&#39;t have mattered who the CEO was. We just live under a time of tighter rules and regulations that forced Nortel&#39;s hand under Mike Z. </p>
<p>I will go on record today and say Nortel will not survive in its existing format as a wholly owned public company. You can take that to the bank. The downgrade today by Lehman &#038; every other investment bank is an effort to squeeze every company with a weak balance sheet in order to shore up their own reserves.  Many companies will be squeezed come September and Nortel will be shorted by hedge funds run by these same investment banks. Expect the stockholders to lose all their equity while the bonds finally get called in (again by investment banks).  The capital squeeze that is occurring will be unlike any other in modern banking or financial history. Expect many many bank and corporate failures. The era of leverage, debt and credit is coming to a crashing ending as it all unwinds.</p>
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		<title>By: less</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5240</link>
		<dc:creator>less</dc:creator>
		<pubDate>Tue, 26 Aug 2008 23:08:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5240</guid>
		<description>&quot;Perhaps the most important factor in the Edsel&#039;s failure, however, was that when the car was introduced, the U.S. was entering a period of recession.&quot;&lt;br&gt;A secular thingy&lt;br&gt;&lt;br&gt;&quot;Sales for all car manufacturers, even those not introducing new models, were down; consumers entered a period of preferring less expensive, more fuel-efficient automobiles.&quot;&lt;br&gt;&lt;br&gt;Nortel is greenest.&lt;br&gt;&lt;br&gt;&quot;While the car and Ford’s planning of the car are the most often cited reasons for its failure, internal politics within the executive offices at Ford are as much to blame for the failure of the Edsel. Following World War II, Henry Ford II brought on Robert McNamara as one of the &quot;whiz kids&quot; to help turn Ford around.&lt;br&gt;&lt;br&gt;&quot;McNamara left Ford when he was named Secretary of Defense by President John F. Kennedy.&quot;&lt;br&gt;&lt;br&gt;What will Obama  appoint  Mike Z?</description>
		<content:encoded><![CDATA[<p>&#8220;Perhaps the most important factor in the Edsel&#39;s failure, however, was that when the car was introduced, the U.S. was entering a period of recession.&#8221;<br />A secular thingy</p>
<p>&#8220;Sales for all car manufacturers, even those not introducing new models, were down; consumers entered a period of preferring less expensive, more fuel-efficient automobiles.&#8221;</p>
<p>Nortel is greenest.</p>
<p>&#8220;While the car and Ford’s planning of the car are the most often cited reasons for its failure, internal politics within the executive offices at Ford are as much to blame for the failure of the Edsel. Following World War II, Henry Ford II brought on Robert McNamara as one of the &#8220;whiz kids&#8221; to help turn Ford around.</p>
<p>&#8220;McNamara left Ford when he was named Secretary of Defense by President John F. Kennedy.&#8221;</p>
<p>What will Obama  appoint  Mike Z?</p>
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		<title>By: Shackled</title>
		<link>http://www.allaboutnortel.com/2008/08/26/nortel-shares-hit-new-low/comment-page-1/#comment-5241</link>
		<dc:creator>Shackled</dc:creator>
		<pubDate>Tue, 26 Aug 2008 22:23:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.allaboutnortel.com/?p=1228#comment-5241</guid>
		<description>If John Monty brought back Nortel after one dumb*ss CEO almost drove it into the ground (Paul Stern), I&#039;m sure he could do it again. Had it been him instead of Z I&#039;m sure we&#039;d be in a different position today.&lt;br&gt;&lt;br&gt;All I see from Z and his cronies is a bunch of hot air. His forced enthusiasm is getting old. I suppose if I was him though, knowing that my career is pretty much over, I&#039;d be milking it for all it&#039;s worth right till the end too!</description>
		<content:encoded><![CDATA[<p>If John Monty brought back Nortel after one dumb*ss CEO almost drove it into the ground (Paul Stern), I&#39;m sure he could do it again. Had it been him instead of Z I&#39;m sure we&#39;d be in a different position today.</p>
<p>All I see from Z and his cronies is a bunch of hot air. His forced enthusiasm is getting old. I suppose if I was him though, knowing that my career is pretty much over, I&#39;d be milking it for all it&#39;s worth right till the end too!</p>
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