Q4 and Full-Year Results Out March 2

By Mark Evans | Published: February 26, 2009

Just in case you were wondering about when Nortel would posts its fourth-quarter and full-year results, they’re coming out March 2.

Unfortunately, Nortel has decided not to host a teleconference/audio webcast. A cost-cutting measure or perhaps another initiative to avoid contact with the public what with the cancellation of the AGM and all.

Update: According to Nortel, the decision to not do a Webcast or teleconference is based on the fact that due to the bankruptcy filing there’s little coverage from financial analysts.

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  • exnt2

    Z's special online learning program.

    http://www.youtube.com/watch?v=lnW6GsMBLMg

  • TongueInCheek

    Why not contact Investor Relations and get an accurate answer rather than posting speculation?

  • http://www.allaboutnortel.com Mark Evans

    TIC,

    Good point. I'll ask.

    cheers, Mar

  • Double_Ew_TF

    Standard reply will likely be “In order to remain focused so that we may return to sound financial footing and better hold our customer's best interests as priority… Thank you for all you have done for Nortel”

  • exnt2

    and what get the usual bs. this is about not being able to face shareholders period. gutless.

  • felixmk

    I am anxious to see how Mike Z's 3 year turnaround plan is doing…..

  • joremero

    not good

    /end of discussion

  • Another_Nortel_Watcher

    I predict that the reason for Ch11 will finally become apparent. I think we'll discover that a lot of cash disappeared in Q4 and the amount of cash reserves is a lot less than everyone has been assuming.

  • scalpcutter

    Perhaps.

  • less

    speculation:

    1) supposition, view, theory, hypothesis.

    Too bad Albert Einstein wasn't able to run his Theory of Relativity by Al Gore. Al is the Goracle when it comes to energy.

    2) engagement in business transactions involving considerable risk but offering the chance of large gains, esp. trading in commodities, stocks, etc., in the hope of profit from changes in the market price.

    Yep. Nortel Investor Relations would know the “accurate answers'. Just lookit NT stock.

  • scalpcutter

    I think you are out of your mind however.

  • scalpcutter

    Al Gore is a gay forest gump.

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

    Thanks for following up on TIC's request Mark. Looks like their answer is one of desperation: “No one cares anymore, so why should we?”

  • felixmk

    Darn. I thought filing for bankruptcy was a not so good signal…

  • The psychiatrist

    That's BS with their track record over the last 3 years,someone should go over there and throw them out by their ears…since when dooes a publicly held company 's shareholders allow incompetent management to continue running a company that they have so massively failed at doing?

    That's the real reason why they have put off the AGM is because they're afraid that somone will toss them out buy the curb.

    In the modern business world anyone who is thought of as being a poor performer,incapable,incompetent etc they get shown the door-these idiots are no different!

  • yes4aapl

    this is about not being able to face shareholders period. gutless.
    =====
    re
    You are right but Nortel is right too.
    Why would they give satisfaction to shareholders now?
    It would change nothing. Lost time and energy.
    btw
    what shareholders?
    Who is left holding the bag? The current bag_holders are hyenas of the stock markets and retarded investors who think they will make money holding bankrupt company's shares.
    Why would Nortel risk its reputation to talk to shareholders mentioned above?
    Nortel has many smart employees who exercise game theories in everyday business and politics. Google Game Theories
    in conclusion
    Why would Nortel want to play the game if there is nothing to win?
    The Game is over!

  • yes4aapl

    Why not contact Investor Relations and get an accurate answer rather than posting speculation?
    ====
    re
    After 5 years of pumping NT no matte what you continue doing so.
    Why not contact Nortel?
    For the simple reason proven time and time again…
    Our speculations are proven to be 99% correct
    on the other hand
    All the official Nortel statements, PRs, reports, are proven to be misleading, clear lies and frauds.
    The list is endless…
    btw
    What IR?
    The stock is BK
    There are no shareholders but hyenas and retarder holders
    IR was first to go under the ax as not needed anymore.
    What IR?
    There is only the Answer Machine taking messages.

  • yes4aapl

    Look man
    Now you are talking like a man.
    If I check your all replies to my correct and good posts on this board I see a mess….
    OK I know you know what I am talking about
    Did I need a shrink?
    cheers

  • Another_Nortel_Watcher

    ?? Why?

  • protosphere

    Did they expect analysts to cover a bankrupt company?
    Sounds like they finally heard enough.

    Ask them no questions and they will nor tell lies.

    Silence is a tool they traditionally use that never led to better news anyways
    Seems the most obvious is what we see than what they say.

    Q4 will show -20% tanking revenue before folding let alone after… who would want to know more, or care… numbers will do the talking this time, never mind NoTell

  • OzNortel

    Apparenlty Q1 results are going to be really poor despite all the propaganda that customers are still buying

  • protosphere

    Why would a company who's most sales are right here in North America stash so much money off shore disproportionately?

    Are there any performance penalty surprises with their JVs to claim this security was to be used there locally?

    If they had folded earlier, before the downplayed 2005's revisions that doubled, there would have been a huge surprise back then too, let alone now in the boat they are in.

    Who trusts them? … every day is a surprise =)

    To get outright conspiracist, consider that just as the SEC finally closes in to monitor accounting repair after so long, they succumb to downplay folding to fold, and before the fraud trials begin with so many still there… Nah what was I thinking, must be coincidence

    Now where's the money going? Paying losing bet options, premiums for $100M legal insurance, more incentives for key employees? huh?

    or I can just see it now, show me the money, well the numbers are unreliable so you will have to wait …again. Ya right…

    Can anyone fathom more revisions given they were worse every time counted by the very week last time until brought to an abrupt halt, with no further inquiry claiming the work was already done while these revisions were for following years… SEC finally monitorsd repair and they… well… fold.

    I do not believe having 20 % more or less makes a difference at this stage anyways. They are a train wreck that can't even get salvaged.

    What cash, they are bankrupt anyways.

  • Casual_Observer

    Investor Relations and Nortel has violated the public trust enough. They do not have any credibility left to use. They don't deserve to be contacted. The ugly truth is plainly in sight now and there is nowhere they can run or hide to.

  • sick_sigma

    The claim from Nortel that they are not going to have a webcast because of the analysts contains a couple of hidden arguments.

    The first hidden(and bogus) argument is that press conferences are held purely for analysts. What bunk. Other people care too. Employees, maybe?

    The second hidden argument in the official excuse is that analysts are no longer covering Nortel so therefore they would just ignore any information we broadcast. More bunk. Nortel is a publicly traded company. They will report on Nortel with or without any press conference. The analysts are not going to cover Nortel more or less based on whether a webcast occurs. That is ridiculous beyond words.

    These guys are scared to face the music. Plain and simple.

  • Another_Nortel_Watcher

    I don't think it is only that they're scared to face the public, I think Mike Z may finally be realizing that he is unprepared to face the public. He has no plan and I'm thinking that the CH11 monitors may have finally said “Hey, the emperor has no clothes!” One can only hope.

  • sick_sigma

    They can easily sidestep questions about future plans. They can simply say that they are not permitted to at liberty to say. They have already been doing that.

  • cruzing69er

    Looks like the Z man needs some friends :) http://www.linkedin.com/profile?viewProfile=&ke…

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

    Latest downfall video, in case you haven't seen it.

    Relevant to the news and announcements this week…

  • WhoKilledDestroyedNortel

    OK let`s be serious…. who will purchase Nortel ?
    Please think about Worldcom-MCI vs Verizon ….
    In 6 months (90 days to clear the books and staff + 90 days for negotiation) from now Nortel will not exist anymore….
    One more question: Did Flextronics contributed to destroyed Nortel ?

  • less

    Why would a company who's most sales are right here in North America stash so much money off shore disproportionately?

    “Doing so rewards us with 30% less interest. Thats 30% savings!”

  • joedoe1

    Daimler Managers' Pay Cut In Half For 2008
    wouldnt that also be a measure for the Nortel Board to let the Nortel “World Class Management Team”share the pain and cut their salaries of the according to their ongoing low performance since 3 Years

  • The_math_not_add

    In Mike Z GIS he said that there were 1800 notifications yet to be completed from last year announcements. This struck me strange because I am sure a lot of notifications before year end. If you can check OSM you’ll see a huge number of entries with no phone numbers. Before searching pick the phone number as one of the fields and the headcount type. Pick any field and use “begins with” and choose different letters or numbers, or just use Title contains and just put a space and you’ll see everyone. Scroll through about a hundred pages or so and note how many missing phone numbers. I see about 10% have no number, so I think that the 1800 have all already be notified – maybe more. Looking at names I know they are all from pre-filing days in Dec., but none from Sept, Oct, early Nov. The names of those given notice back then that I know have been removed. To me the work remaining to close on the 1800 might only be to have them removed from the OSM as headcount and maybe finish giving them their RoE. This needs explaining.

  • Pingback: Richard Lowe: The Patronizer « Nortel Insider - by Desk Jockey

  • Should_have_Sold_in_Feb_2004

    Having been referred to as a hyena and retarded for still being a shareholder, I would like to state that probably the majority of people still holding NT stock had it before the CH 11 filing. I have not bought any shares since the filing. My average cost/share is just over $5 on 5K shares. I bought because it was cheap and oversold…hoping for a gain. NT leadership completely misled shareholders and should be held to account.

    My diatribe…
    The capitalist system is in dire straits. Who will ever have confidence in the stock market (always said to have largest gains in the long run) if 12 years of gains are wiped out in less than 6 months. Investors who have some influence and control had better start stepping up to the plate or the whole system is DONE!!!!! Stock investing will be a thing of the past….

    Wave the red flag in front of the Bull and lets get things going again!!!!

  • less

    But Nortel is a Canadian company, increasingly comprised of minorities. That alone should easily counter the evils of capitalism. And for free.

  • tryn2makealivin

    That can be realy mis-leading. There are hundreds of people that work in operations, network centers that do not have DID dedicated lines.

  • yes4aapl

    I am anxious to see how Mike Z's 3 year turnaround plan is doing…..
    reply edit reblog flag
    ====
    re
    Does anyone care about the old 3-5 years Plan?

    I think 3-5 year Pla is a joke now!
    I still don't understand why the guy who destroyed Nortel corporation, Mike Z, is trying to fix it?

  • yes4aapl

    I am anxious to see how Mike Z's 3 year turnaround plan is doing…..
    reply edit reblog flag
    ====
    re
    Does anyone care about the old 3-5 years Plan?

    I think 3-5 year Pla is a joke now!
    I still don't understand why the guy who destroyed Nortel corporation, Mike Z, is trying to fix it?

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