Sprint like Verizon is cutting back.
Nortel is no longer Verizon's largest supplier but Verizon is still Nortel's largest customer.
Huawei is increasingly eating its pie latest news reports as are others.

Nortel announced seeking to derisk LTE as they did long boasted WiMax. (LTE we maintined was a punch line having sold 3G/UMTS to migrate 4G customers from)

Aging CDMA analysts called their “cash cow” or “gravy train” accounted for almost all their earnings/profit (80-90% EBT) and it is in seep decline going out to pasture. They downplayed this as they did folding hiring bankruptcy lawyers so as not to spook suppliers, somehow this does not seem honest to me.

Above this…

They can't even sell MENs to live another day and I suspect Carrier and Enterprise are on the auction block too.

Even the bids for MENS that we questioned why stall if coming in at twice the value are now reported low balled in absence of a bankruptcy judge. This news lifted the stock from making new lows from 20 cents to todays 29 , still bad at around 2 cents extreme presplit losing around 100% of its value this year.

Take a look at their stock chart to see what you “think” are “likely”, “easily”, “IF”, etc… and connect the dots amid ongoing news.

I do not know what you were and are trying to project in optimism no matter what news prevails but does it does not strike me as truthful.

They have not done well for shareholders or employees any favors so who else is now motivated to be optimistic with all that is undeniably before us? Optimists have not been correct over the years either. Sorry, time to say into the cornfield you go.

The will burn $250M this quarter and with a mass exodus of customers fearing they won't be around hiring bankruptcy lawyers do they really have a year of cash left with their costs? “hemorrhaging cash”.

Analysts see what they term “doomsday” scenario as a traditional bankruptcy in the link above /not folding to restructure lacking financing.

Being silly or motivated beyond basic business reasoning has been proven by optimists instead who accuse proven critics of hatred. We warned of CDMA hit, insolvency, and many other issues well before they transpired by this contradicting company we are not in live with.

Nortel has lost around 100% of its value this year for good reason TongueInCheeks and hardly worthy of cheerleading no matter what lending suspicion to where the vested interest lies, for shareholder or employee who Nortel has not done well for in all fairness here.

Consider Nortel is estimated to be burning $2M per day and hasn´t declared a quarterly profit in years, parting with $120M on top of what they are already parting with in their normal course of business & add to that the restructuring costs, it doesn´t seem so lighthearted anymore to cast it off as just 4% …..

Think about it for at least a minute. If any company in the world had a payment that represents 3.85% of their cash on hand, why would they declare bankruptcy to avoid that payment?

That suggest is plain silly and obviously motivated by pure hatred. I highly doubt that Nortel will declare bankruptcy given virtually all analysts have assumed this payment within their cash use projections. Clearly you want to see them destroyed, but many of your comments and suggestions are beyond any form of basic business reasoning.

Bill Owens: Telecom Wheeler and Dealer

“According to the Ottawa Citizen, ex-Nortel CEO Bill Owens is part of an investment group looking to buy a majority stake in Huawei’s fast-growing wireless handset business”

A far cry from when last neared folding at 43 cents before the largest fraud settlement in their country to compliment their largest pension deficit, followed by endless contradictions.

Who can believe what credible and transparent protected Nortel claims since their forecasts of single digit growth and $20 buying opportunity around a year ago to 3 to 5 year fixes 3 years ago, to downplaying folding after hiring bankruptcy lawyers today… like what ever changes there?

Who can doubt unrepentant Nortel meeting a 52 week low with news they have bids for MENs, but they were delaying pondering these bids at twice the anticipated value… heh…sure…usually the most obvious is the most truthful here, what bids, talk after they are sold not before I say.

With their transparency and credibility, we are forced to draw our own conclusions from the most obvious.

What can they possibly do to make up for what analysts termed their “cash cow”/”gravy train” CDMA's decline alone. CDMA accounted for almost all their earnings (80-90% EBT)., that's right almost all! Given they were already losing money for a decade they had to resort to print billions in Nortel paper and selling off so many assets to just survive this long, Now with CDMA an area that accounts for almost all of their profits in decline, forget it, the death spiral has just dramatically accelerated to overkill as the stock nosedives.

Add the exodus of customers leary they will be around, or suppliers being fed their downplaying researching bankruptcy and they must do something at some point, the most pressing question is just when.

Who says they have another year or so paying interest given this rate of decline? Nortel? With their endless other contradictions and credibility?

The Business Network indicates “inevitable bankruptcy” as per analysts and that shareholders will get zero like Mark Sue's targets. Moody's also warns like Altzman's score right off the chart, we hear increasing talk of folding right down to Nortel hires bankruptcy lawyers and delisting announcement:.
http://watch.bnn.ca/#clip120371

Will they fold before the 15th to preserve cash when over 100M is due or keep milking it to zero given they can not restructure lacking financing in this climate where a traditional bankruptcy is anticipated.

Bankruptcy is overkill at this stage, They are lucky they survived this long with all their political and economic power. Analysts feel Nortel will not survive as Nortel hires bankruptcy lawyers. Ex Marconni's Binning at the helm after so many insider only CFOs where again perhaps the most obvious is the most truthful here.

The only question is when will they throw in the towel… when is the best time. And for who…