TD Securities analyst Chris Umiastowski’s faith in Nortel’s prospects disappeared when the company unveiled its intention to sell the metro Ethernet network business and reduced its revenue growth expectations.
So, it shouldn’t come a huge surprise that Umiastowski’s enthusiasm for Nortel at WiMax World last week was, at best, muted.
We did not see any significant changes from Nortel to excite us. They did demonstrate tight integration with Alvarion, but we are not convinced the
company’s momentum has changed. We understand why Nortel decided to abandon base station development by partnering with Alvarion. But given the supposed synergy that Nortel had between WiMAX and LTE, we wonder how long it will take the company to forma similar arrangement with an LTE partner.
Perhaps Motorola would be a good partner on LTE, but this could strain the Alvarion relationship since Motorola also competes with Alvarion in the WiMAX market. We are left feeling like Nortel’s next move in wireless is not obvious at all. We know they need to do something to de-risk their 4G investment strategy, but nothing jumps off the page at us as a clear winning strategy.
Update: While Umiastowski came away unimpressed with Nortel’s Wi-Max portfolio, Jeff Orr suggests Nortel is staging a Wi-Max rebound.
Is Chris Umiastowski a reverse indicator ? Starting 2008 Chris picked Nortel as an “Action Buy” and very bullish. With Chris jumping off the Nortel bus, maybe we'll see big run ?
Chris, you couldn't of been more WRONG !
The Psychiatrist
Most analysts are always wrong,I don't know why investors give them any merit at all.
They are nothing more than cheerleaders when the markets are bullish and parade rainers when the markets are bearish.Enough of this shit,I too would like to see all of these brokerage houses trading activity who have covered Nortel over the 2 years !
Ever since online trading has taken off and given retail investors control of their own destiny,many houses now are in a battle to earn profits to cover their salaries and overhead.
Believe it-I'm talking to you Mark Sue,Nikos,Chris among others.
Not all of us are stupid you know!!
Novice Investor
Is Chris Umiastowski a reverse indicator ? Starting 2008 Chris picked Nortel as an “Action Buy” and very bullish. With Chris jumping off the Nortel bus, maybe we'll see big run ?
Chris, you couldn't of been more WRONG !
The Psychiatrist
Most analysts are always wrong,I don't know why investors give them any merit at all.
They are nothing more than cheerleaders when the markets are bullish and parade rainers when the markets are bearish.Enough of this shit,I too would like to see all of these brokerage houses trading activity who have covered Nortel over the 2 years !
Ever since online trading has taken off and given retail investors control of their own destiny,many houses now are in a battle to earn profits to cover their salaries and overhead.
Believe it-I'm talking to you Mark Sue,Nikos,Chris among others.
Nortel @ WiMax World
TD Securities analyst Chris Umiastowski’s faith in Nortel’s prospects disappeared when the company unveiled its intention to sell the metro Ethernet network business and reduced its revenue growth expectations.
So, it shouldn’t come a huge surprise that Umiastowski’s enthusiasm for Nortel at WiMax World last week was, at best, muted.
Update: While Umiastowski came away unimpressed with Nortel’s Wi-Max portfolio, Jeff Orr suggests Nortel is staging a Wi-Max rebound.
Technorati Tags: Nortel, wimax, wireless