Nortel on CBC’s The Current

Do they only have past episodes available or does it broadcast live online? I clicked on the site but didn't find a live streaming or similar option.

http://www.cbc.ca/ottawamorning/

Monday – Future of Nortel employees

if there’s enough cash, why take that route?

Thanks. It doesn't seem available yet. i tried mikez's link and got the real player to open, but the connection is timing out for me

With $2.6 Billion is cash, they can easily afford the interest payment. The bankruptcy statements are pure speculation.

Quoted in the news was:

“CBC News is speculating in a report today that Nortel maybe forced into bankruptcy if it can't make its debt payments this week.”

I believe they will make the payment.

Nortel downplayed hiring bankruptcy lawyers. Once then they downplayed revisions that doubled in the past, so who knows, This recent downplaying folding s what suppliers and customers want to hear BNN said.

I can not see bond holders moving this quickly before the 15th either, even though they hired the same lawyers that handled the Lehman Bros. bankruptcy.

Besides, it is the company's money they must pay before the 15th, not theirs. =)

I do not believe they would abandon their carrot? I believe they will make the payment because they do not want to lose their high paying jobs.

What would be their advantage to an early insolvency given analysts (as per BNN) predict “traditional” “inevitable bankruptcy” given the inability to refinance thereafter in this climate. What would the saved money do for them? Or the MENs sale for that matter than to buy another day.

Heh, even MENs sale rumor rallied the stock from a recent all-time low of 20.8 cents (2 cetns presplit) but they supposedly stalled to ponder of all things, bids at amazingly twice the anticipated value. Even though this was contradicting by following news that bids were low it traded above 40 cents today on large volume albeit tanking from the open. Digesting what we are fed takes time it seems with Nortel, the longest to generate institutional interest with a extreme 10X split than delisting, which is coming too…

They pay themselves too well in my opinion to jeopardize their cash cow with board members on the voting audit committee to approve lottery sized pay practices, severances, and retirement packages. Who there would be quick to self terminate their positions to look for a job of their caliber in this market.

Many motives to downplay the inevitable where I also question their forecasts of 12 to 18 months left given the rate of decline and business exodus. Even their more recent forecasts haven't bode well from single digit growth to loss , or $20 buying opportunities, etc…. Who believes them?

Like I say, unless some one pulls the rug from under this green contradicting management protected by safe harbor, reluctant to chase past officers and with so many still there if I may add, I can not see them killing their cash cow and everyone else's white elephant. The further time and costs the numbers the SEC finally monitored repair, is yet another matter that may plague the trustee or creditors…

Even with their profound resilience and enormous political/legal power to date, I believe some one else will pull the plug… with no bailout or buyout.

I wonder if they premtively hired bankruptcy lawyers in anticipation and prior to the bondholders requested for a sit down. We do not hear about the legal wranglings behind closed doors, so we are in the dark as to exactly when too.

I just don't think it is right now if they can help it, and I think they will pay for many reasons, even though they may not be the right ones… as usual =)

I would be shocked to hear they are not gone by Q109 though…. some one will scream enough is enough well before then I suspect, albeit I would not be surprised if it came tomorrow, I only doubt it will.

Only one thing is for certain in that it is “inevitable”… as for when… fascinating speculation… I'd wildly guess mid March flexing the strongest resiliency in stalling tooth and nail… and I disregard a word Nortel says lacking credibility for exhaustive reasons if we are looking for any insight from these pinnacles of transparency reiterated their refusing to comment on 2009 .

Ah, I hate to sound so negative but since when is folding pleasant let alone the endless punchlines this keystone laughing stock has pulled, and keeps pulling… endless…

I listened to the podcast. The two NT employees, Paul Arbour and Mark Lavoie, are the heroes within NT like many others who are trying to keep the company afloat. It´s people like them who must pay the “tab” of management's mistakes with their personal layoff. Never mind that business trips to Europe and South America still put people in First Class and then unto $250 a night hotels at their destination followed by pricy meals, etc. And let's not get into those exhorbitant expat packages of free housing, car allowance, etc.

I do not believe they would abandon their carrot? I believe they will make the payment because they do not want to lose their high paying jobs.
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re
Proto
It's not about paying $107 mill this quarter
It's about the big picture

Total payment this year would be around $450 mill which is 10% on average from $4.5 bill debt
The killing is in the Pension deficit!
Nortel has to pay a lot this year, if not bankrupt!
If Nortel goes under BK protection, Pension deficit payments will be smaller.
in other words using pre emptive bankruptcy is the best solution for Nortel, for employees, for customers, for bondholders (they will get new shares after BK) for current shareholders.
One would ask how BK and restructuring is the best for current shareholders?
I say it will save them time of watching NT each day when their NT portfolios have already lost 99.9%
There is no sense to watch the last dollar in their NT account!
Sooner is better for them as well!
Bankruptcy and restructuring is much better than bankruptcy and liquidation, isn't it?
I , as the member of wide public opinion accept BK as the best solution.
Yes4aapl

Don't you bloggers think it's good to go back sometimes, find posts and find who was wrong and still pushes this blog's discussion sideways?
example is here
TongueInCheek
With $2.6 Billion is cash, they can easily afford the interest payment. The bankruptcy statements are pure speculation.
…
or another one
that blogs and bloggers destroyed the company not managers and crooks inside Nortel.
or we can see all his brilliant posts here
http://disqus.com/people/TongueInCheek/#main
TiC
show me one post of yours in which you were right or that you did not mislead readers?
Why don't you want us to discuss about real Nortel?
about their new orders $2 bill lower in 2008, about restructuring Plan not being ready yet, about customers halting their purchases because the very reason, there is no Plan! (example Verizon)
TiC, how many investors you misled in last 4 years and they lost money investing in NT?
The Big Picture of Nortel is just ugly. Before BK the signs of slowing business for Nortel showed that Nortel should cut 7 000 jobs asap. There was no money for that that's why Nortel used CH11.
3-5 year Mike's Plan; failure
Nortel tried to monetize MEN.
failure!
It's not bloggers who failed, It's Nortel management!
NT is still trading on TSX and investors are still losing money. It's still $50 mill market cap company. $50 mill to be lost! Is it much? I think so. Don't you think, TiC that investors have rights to talk about NT stock and Nortel's company? about risks involved in that stock?