The Sky and NT are Falling

By Mark Evans | Published: November 12, 2008

Nortel now trading at 67 cents – 6.7 cents when taking into account 10:1 stock consolidation.

Nortel can now be yours for $337.5-million, not including $4-billion of debt; $2.3-billion of cash and a $1.2-billion pension fund deficit.

More: CNet’s Jon Oltsik has an interesting article asking if there is a way out for Nortel. Among his suggestions:

1. Sell the metro optical equipment and services groups to IBM.

2. Lean on Microsoft to broker a deal for Unified Communications.

3. Sell core Ethernet switching and routing products to HP.

4. Get out of the network security business.

Picture 1-130

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  • yes4aapl

    ANW, its very simple, he wants Nortel destroyed. He will continue to manufacture digital diarrhea (I like that one LOL) until he achieves his mission.
    Tongue.In.Cheek
    =============
    re
    If you had some brains you would clearly see what I do.
    Nortel is finished yet you don't admit that you have been wrong for the last 5 years. You and ANW. I don't want to use other your aliases here. Don't you find it shameful to be wrong so long yet to personally attack those who were just correct about NT stock and the company?
    Let me remind you that NT is 5 cents stock now and you considered $5 was a gift few years ago.
    The stock fell from $5 to 5 Cents and you shamelessly are proud of your diarrhea posts on both message boards.
    When will you admit your posts misled readers and apology for that?
    When?

  • yes4aapl

    The BoD is pretty clear what they wanted and what was the best in their opinion.
    They are very consistent in their plans. They did not let big changes when Garys where there. They knew what it would be to implement Garys' plan. BoD did not like the plan.
    They avoided that letting them go.
    At that time shareholders had a chance to see the stock returning some value for them.
    It wasn't the most important for the BoD. The stock price is secondary for BoD.
    I don't want to go back much to bring more examples.
    One simple question I posted here was
    Why Mike Z did not sell Nortel when NT was above $30? Why he is ready to sell Nortel now when the market cap is $300 mill?
    In addition there has not been a buyer for the best part of Nortel yet, how he can sell the rest?
    There is nothing you can do about that, Sir.
    Nortel will use ch11 as the law is created for such situations.
    It's the best solution at this moment.
    Sooner is better for Nortel and the remaining employees.
    It show ignorance when Nortel's employees vent their anger here against best solution for them.
    Current Nortel's shareholders will not find sympathy from anyone with 2 brain cells working. They invested in risky stock and they lost. Simple as that.
    By using AC scenario Nortel will stay in Canada, restructure and come back stronger. What's wrong with that?
    I say nothing wrong.

  • Another Nortel Watcher

    yes4aapl – more nonsense. You aren't paying attention. The next time you post, you better present your roadmap – in no more than 10 lines – that the board should implement. I expect high quality because you spend so much time watching Nortel. If you just vent again, you'll show all of us that you're just noise and we'll all laugh at you.

    Remember, no more than 10 lines or you fail and nobody will read your post.

  • NewAge

    Are you working for NSN? Cos there is a rumour as IBM will buy MEN.
    You are the only one that saying NSN will but NT.

  • Alexander

    So much for the man who quoted Alexander the Great all the time. I guess you can tell a cheap watch from the genuine article. Go ack to driving taxis Mike

  • Jery

    If you work for Nortel and need a steady income, get out now Go find another employer before you need to compete with another 30,000 employees.

    If you think Mike Z is losing sleep , think again. He has enough dough to last him 5 lifetimes.

  • Sally

    The whole irony with the staff cuts is that the least effectives are getting nice payouts and moving into jobs with Nortels competitors, while the employees who are highly regarded remain in hell and receive no payrises for 2009

    Its a strategy of rewarding poor performers and punishing high achievers….but i guess that is why we have well paid low performers at the top

  • South of the Border

    NT the New Titantic is going down. All one can do is enjoy the song.
    Fare thee well titantic!!!

    http://www.youtube.com/watch?v=yf-6wlvaLHM&feat…

  • Clint

    Not too mention the gross disparity between managers and employees.
    I heard it was like one manager for every 8 people at NT.
    That tells you all you need to know.

  • Outspoken

    Wow – now you are a man…oops did I say man…try boy who has no b**** but your response is testimony to your character and small winker….guess you have to make up for your inadequencies somewhere.

  • Nortelguy

    No worries. I wouldn't work for them for as long as I have got a hole in my arse.

  • http://nortelinsider.wordpress.com/ Desk Jockey

    Despite my disdain for MZ and the GEnius exec team, that last comment was uncalled for.

  • http://nortelinsider.wordpress.com/ Desk Jockey

    Given the historical share price slide, if the exec team receives the same compensation this year they will be able to buy a majority stake of NT! Not that they would…

  • http://nortelinsider.wordpress.com/ Desk Jockey

    Not a good strategy. Company is stingy with severance which is why there were so few layoffs. They want to maximize attrition and the more people that leave this way the less need the see for packages. NT will hit BK before they give out mass severances!

  • South of the Border

    NT the New Titantic is going down. All one can do is enjoy the song.
    Fare thee well titantic!!!

    http://www.youtube.com/watch?v=yf-6wlvaLHM&feat…

  • Clint

    Not too mention the gross disparity between managers and employees.
    I heard it was like one manager for every 8 people at NT.
    That tells you all you need to know.

  • Outspoken

    Wow – now you are a man…oops did I say man…try boy who has no b**** but your response is testimony to your character and small winker….guess you have to make up for your inadequencies somewhere.

  • Nortelguy

    No worries. I wouldn't work for them for as long as I have got a hole in my arse.

  • http://nortelinsider.wordpress.com/ Desk Jockey

    Despite my disdain for MZ and the GEnius exec team, that last comment was uncalled for.

  • http://nortelinsider.wordpress.com/ Desk Jockey

    Given the historical share price slide, if the exec team receives the same compensation this year they will be able to buy a majority stake of NT! Not that they would…

  • http://nortelinsider.wordpress.com/ Desk Jockey

    Not a good strategy. Company is stingy with severance which is why there were so few layoffs. They want to maximize attrition and the more people that leave this way the less need the see for packages. NT will hit BK before they give out mass severances!

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