Doesn't matter if stocks jump 30% or more, announcement of bankruptcy is imminent.
yahooie
perhaps it was something unexpected with more to come later this week. Interesting times we live in.
norpass
ha ha ha, vishald you too funny. That was good. Thanks. I worked there for 10 yrs and mgt has ripped the company apart. The best have already left.
McBeese
Maybe MZ discussed his resignation with the board. One can only hope...
vishaldpatel
Or perhaps it is from hope / speculation that Nortel is actually innovating despite the bad economy and therefore stands a chance of being successful again.
Nortel Shares Jump 30%
Nortel shares have climbed 30% today, or 9 cents, to 38 cents – the highest price in nearly a month.
There doesn’t seem to be much in the way of news, although there’s speculation Nortel’s board may have met this week to discuss the MEN sale.
Technorati Tags: MEN, Nortel