Comments on: What If It’s Not Enough?

By: Regret

Regret — Thu, 30 Oct 2008 22:52:13 +0000

Nortel and her JV have many talents with very good dedication, capabilities and potentials, but I feel Nortel limit them with fixed position but does not unleash them with various challenges and reward.

The process can secure the past, but only the people with vatality can strive for the future.

By: Regret

Regret — Thu, 30 Oct 2008 18:52:13 +0000

The process can secure the past, but only the people with vatality can strive for the future.

By: exnt2

exnt2 — Tue, 21 Oct 2008 17:17:52 +0000

Mark

you might want to change to something else. being associated with something negative will only make you and the blog appear negative.

as you rightly put it, there is not much positive to talk about. who cares about the negative.

By: more

more — Tue, 21 Oct 2008 12:57:13 +0000

Lehman Brothers also prospered for 100+ years before being driven into bankruptcy by careless management.

By: yes4aapl

yes4aapl — Tue, 21 Oct 2008 00:47:09 +0000

If I had to pick a single person who has done the most to put Nortel down, point out its flaws, totally mock its successes and completely deflate company morale it would be you.
----------
re
In my opinion it's investors who desert Nt stock and don't want to pay for a share more than 15 Cents pre split
Why don't investors hold their shares tight for the future?
Nortel used to dilute the stock each year to the tune of $500 mil to finance the business; it was just like printing new paper.
Try to do it now!
haha
Investors don't accept new shares and sell off old shares with a loss
The institutions holding NT stock lost billions on that investment in just few last years.
Analysts try to assess Nortel's value and the numbers Nortel has been reporting quarter after quarter are just disappointing.
Let's continue the blame games.
Analysts downgrade NT stock to the $2 targets
Investors sell off their investments with loss based on the downgrades.
Nortel has no access to cash because stock has no value.
So Mike Z decided to sell the best assets with discount just to continue paying salaries and bonuses for managers.
3 years of Mike Z failures and he is very proud of that.
http://www.youtube.com/watch?v=YzfWcH7rP3w
that video is old but current situation at Mike Z as CEO is a hundred time worse than it was at J Roth

By: Nortelhand

Nortelhand — Mon, 20 Oct 2008 15:11:00 +0000

Guys,
The Nortel has good stuff, and really innovative people. Perhaps selling the bread and butter product line of the company could have been put off, but that is history. Now Nortel is in a crisis of confidence with its customers; Customers are afraid that Nortel will not exist in the next few years. This is very real and is a major factor in deciding who will win a contract. If the client is worried that the vendor will not exist in the coming years, they will NEVER go on a limb and purchase the product.
The best option for employees and shareholders alike is the sale of Nortel, and this needs to be engineered as soon as possible. The more Nortel continues to show losses Q after Q, the more the value of the asset is diminished. If Norte was in the hands of a company that could instill confidence in the clients, sales would pick up and the company (or division at that point) would be profitable. Nortel has the people and products, what it lacks is credibility with the clients and prospective clients.

By: less

less — Mon, 20 Oct 2008 14:41:16 +0000

I wonder: Are there any Nortel fans out there defending Nortel beyond the convenience of their cubicle desktops (that Nortel provides), perhaps emulating Europe's Rebel Clown Army (look it up) and following Frank Dunn around in their free time, chanting “Thanks, Frank” and waving their butts and farting at him?

By: Tongue.In.Cheek

Tongue.In.Cheek — Mon, 20 Oct 2008 14:24:31 +0000

Careful Mark, with posts like this you will get the label of: “Stalking Multi-ID Pumper”.

If Nortel chooses Unified Communications as their market focus, I am good with that but can also see that they would likely need to make some software acquisitions to round out the portfolio.

By: A Close Observer

A Close Observer — Mon, 20 Oct 2008 13:37:42 +0000

sickofAAN,

The AAN blog is a good place where the issues can be aired, and people can share their opinion on them. I've been associated with NT, in one capacity or another, for over 20 years. Most of that time has been good. But you would be less than intellectually honest if you couldn't admit that the last few years have been bad for NT.

Frank Dunn's accounting shenanigans came at almost the exact wrong moment for NT - just as the rest of the industry was consolidating. NT had to be inwardly focused during this period. By the time NT emerged from cleaning up its balance sheet, the changes had past it by, and NT was left the sick man of the industry - it doesn't have the economies of scale of Ericsson, NSN or ALU, and it doesn't have the low costs competitive capabilities of Huawei. It's caught in a vice between these two realities.

Further, NT is spread too thin. It no longer has the critical mass to effectively invest (i.e., to maintain the 1 or 2 position) in R&D in the many segments in which it participates.

Last, one can have a genuine debate about the effectiveness of Mike Z and his management regime. They were dealt a bad hand, BUT don't appear to have been effective in dealing with it. I'm a big fan of GE's management, but Z's cost-side focus of the business is only ever going to help eek out a little profitability, it won't materially impact NT's ability to innovate and grow. Given NT's size and the competitive dynamics of the industry, Mike Z's team has been slow to acknowledge that it must shrink and focus to grow. And given how long they've dallied, it's legitimate question to ask to which segment of the industry they can now refocus into and lead.

So, sickofAAN, if you're going to pick on this blog, you might as well trash all of those financial blogs/forums where frustrated NT investors (a NT investor is a frustrated investor) and employees can exchange information, thoughts and opinions.

By: Mark Evans

Mark Evans — Mon, 20 Oct 2008 12:23:41 +0000

Well, there hasn't been an awful lot to be positive about. By the way, love the moniker.

Have a good one!

Mark