Comments on: The End of the Line? http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/ All the News about Nortel Networks Thu, 09 Feb 2012 03:34:00 +0000 hourly 1 By: Alisha D Herron http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-9052 Alisha D Herron Mon, 02 Feb 2009 19:26:30 +0000 http://www.allaboutnortel.com/?p=1753#comment-9052 nice article! nice site. you're in my rss feed now ;-)<br>keep it up nice article! nice site. you're in my rss feed now ;-)
keep it up

]]> By: TongueInCheek http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2819 TongueInCheek Fri, 12 Dec 2008 16:10:06 +0000 http://www.allaboutnortel.com/?p=1753#comment-2819 Nortel has stated numerous times that they have no covenants on their debt. Even a number of market analysts agree with that statement. Yet you say they do have caveats on their debt.<br><br>Since you claim to be "Ex_Nortel" what information do you have as proof they actually do have caveats on their debt? Perhaps you can share your contradictory information so it doesn't come across as pure FUD. Nortel has stated numerous times that they have no covenants on their debt. Even a number of market analysts agree with that statement. Yet you say they do have caveats on their debt.

Since you claim to be “Ex_Nortel” what information do you have as proof they actually do have caveats on their debt? Perhaps you can share your contradictory information so it doesn't come across as pure FUD.

]]> By: Nortel watcher http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2820 Nortel watcher Fri, 12 Dec 2008 13:29:44 +0000 http://www.allaboutnortel.com/?p=1753#comment-2820 Ex_Nortel,<br>If the company is worthless, which I agree it is due to the $4B net it has in longterm debt, then I fail to understand how CH. 7 can be an option - there are not enough assets given what these are worth today. Ex_Nortel,
If the company is worthless, which I agree it is due to the $4B net it has in longterm debt, then I fail to understand how CH. 7 can be an option – there are not enough assets given what these are worth today.

]]> By: Ex_Nortel http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2818 Ex_Nortel Fri, 12 Dec 2008 06:47:21 +0000 http://www.allaboutnortel.com/?p=1753#comment-2818 There is a third option and a fourth option. In the third option, Nortel enters into Chapter 11 and parts are sold off piecemeal via Bankruptcy 363 sales. The assets are sold to the highest bidder without any liabilities. What is left over can either be a stand alone company or liquidated.<br><br>The fourth option is a straight forward Chapter 7 liquidation to pay off all of the creditors.<br><br>Because of the caveats on Nortel's debt, no one is going to buy Nortel at any price. A patient competitor could buy MEN or CDMA for peanuts as the highest bidder and would not have to worry about bloated head count, pensions, etc.<br><br>Nortel's is worthless anyway. It is time for the BOD to put Nortel into bankruptcy and save the company. There is a third option and a fourth option. In the third option, Nortel enters into Chapter 11 and parts are sold off piecemeal via Bankruptcy 363 sales. The assets are sold to the highest bidder without any liabilities. What is left over can either be a stand alone company or liquidated.

The fourth option is a straight forward Chapter 7 liquidation to pay off all of the creditors.

Because of the caveats on Nortel's debt, no one is going to buy Nortel at any price. A patient competitor could buy MEN or CDMA for peanuts as the highest bidder and would not have to worry about bloated head count, pensions, etc.

Nortel's is worthless anyway. It is time for the BOD to put Nortel into bankruptcy and save the company.

]]> By: Nortelguy http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2828 Nortelguy Fri, 12 Dec 2008 00:09:28 +0000 http://www.allaboutnortel.com/?p=1753#comment-2828 I am currently working my notice (3 month notice period). It is a case of all hands to the pump at the moment to close Q4 as strong as possible. It makes perfect sense to me to continue to generate & close Q4 business whilst I am employed by the company (ultimately, it benefits me in commission payments). With a following wind, I should leave the company at y/e on somewhere around 105% target.<br><br>Am I pleased that I am leaving NN? Absolutely right, I am<br><br>Will I compromise my professionalism during my notice period? Absolutely not<br><br>At the end of the day, the company has requested I work my notice. I'm not over the moon about that, but whilst I remain in the employ of the company, I will continue to hit as hard as ever before. I am currently working my notice (3 month notice period). It is a case of all hands to the pump at the moment to close Q4 as strong as possible. It makes perfect sense to me to continue to generate & close Q4 business whilst I am employed by the company (ultimately, it benefits me in commission payments). With a following wind, I should leave the company at y/e on somewhere around 105% target.

Am I pleased that I am leaving NN? Absolutely right, I am

Will I compromise my professionalism during my notice period? Absolutely not

At the end of the day, the company has requested I work my notice. I'm not over the moon about that, but whilst I remain in the employ of the company, I will continue to hit as hard as ever before.

]]> By: Nortelguy http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2829 Nortelguy Fri, 12 Dec 2008 00:00:41 +0000 http://www.allaboutnortel.com/?p=1753#comment-2829 double post double post

]]> By: joremero http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2826 joremero Thu, 11 Dec 2008 21:27:25 +0000 http://www.allaboutnortel.com/?p=1753#comment-2826 it's true that rumors are enough to send a company into a tailspin... it's true that rumors are enough to send a company into a tailspin…

]]> By: joremero http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2821 joremero Thu, 11 Dec 2008 21:27:05 +0000 http://www.allaboutnortel.com/?p=1753#comment-2821 well, the notice of NYSE delist isn't going to help much... well, the notice of NYSE delist isn't going to help much…

]]> By: Nortel watcher http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2827 Nortel watcher Thu, 11 Dec 2008 20:13:27 +0000 http://www.allaboutnortel.com/?p=1753#comment-2827 Nortelguy, <br>I'm confused. Two weeks ago, you said on this blog that you had submitted your resignation at NT 2 months earlier. Thus, you were on your way out. <br>Now, you are telling this blog that you are hoping to close some business before yearend?<br>What gives, Nortelguy? Nortelguy,
I'm confused. Two weeks ago, you said on this blog that you had submitted your resignation at NT 2 months earlier. Thus, you were on your way out.
Now, you are telling this blog that you are hoping to close some business before yearend?
What gives, Nortelguy?

]]> By: Nortelguy http://www.allaboutnortel.com/2008/12/10/the-end-of-the-line/comment-page-1/#comment-2825 Nortelguy Thu, 11 Dec 2008 19:07:31 +0000 http://www.allaboutnortel.com/?p=1753#comment-2825 I hope to god there are & we announce something solid soon. This bankruptcy rumour will potentiially cost me $6m in orders prior to y/e, as customers are getting very twitchy I hope to god there are & we announce something solid soon. This bankruptcy rumour will potentiially cost me $6m in orders prior to y/e, as customers are getting very twitchy

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