Comments on: Nortel in Asset Sale Talks

By: godstypo

godstypo — Fri, 13 Mar 2009 21:54:11 +0000

What is happening atleast in the Nortel office in India is that managers have been asked to prepare for re-badging. And people are hinting that the new employer is going to be Avaya.

By: NortelSouth

NortelSouth — Fri, 13 Mar 2009 20:53:31 +0000

Nop...look this: http://www.allaboutnortel.com/2009/03/13/whats-...

" In terms of what Nortel could get for its wireless and enterprise units, the Globe & Mail is suggesting $1.3-billion"

By: danman

danman — Fri, 13 Mar 2009 18:25:49 +0000

i dont know exactly h ow much they will sell for. But some people on the net have been speculating for a while now its in the 2-3 billion range.

By: godstypo

godstypo — Fri, 13 Mar 2009 17:54:11 +0000

What is happening atleast in the Nortel office in India is that managers have been asked to prepare for re-badging. And people are hinting that the new employer is going to be Avaya.

By: NortelSouth

NortelSouth — Fri, 13 Mar 2009 16:53:31 +0000

Nop...look this: http://www.allaboutnortel.com/2009/03/13/whats-...

" In terms of what Nortel could get for its wireless and enterprise units, the Globe & Mail is suggesting $1.3-billion"

By: danman

danman — Fri, 13 Mar 2009 14:25:49 +0000

i dont know exactly h ow much they will sell for. But some people on the net have been speculating for a while now its in the 2-3 billion range.

By: betoX

betoX — Fri, 13 Mar 2009 13:39:09 +0000

Something is going on with Enterprise … people managers’ have been requested to sign-off internal NDAs to learn about the current situation … keep watching for the news …

By: scalpcutter

scalpcutter — Fri, 13 Mar 2009 12:46:18 +0000

you are probably right.

By: stinkyfoot

stinkyfoot — Fri, 13 Mar 2009 09:33:31 +0000

Be serious guys ! UMTS was sold in 2006 at 220 M$ if I remember well when Gartner was estimating this at 500 M$ before the deal. And market conditions were not so bad at the time. So seriously, my guess is that all bidders together will not put more than 1.5B$ in cash on the table for ALL Nortel pieces in the current financial / market conditions. And secured creditors should accept.

By: Nortel watcher

Nortel watcher — Fri, 13 Mar 2009 03:28:37 +0000

Jo,

Those businesses are already for sale. I don't think layoffs will happen any faster or any slower than what is laid out by mgmnt up until a deal is reached. At that point and especially if the transaction is expected to close quickly, layoffs will likely stop.

Look at it this way, once you've sold your house, why give it a coat of paint? I've seen banks acquire banks to later determine which branches should close and which employees to fire. Usually, the acquiring company will factor into their offer any subsequent restructuring charges. Remember, both sides have experienced counsel and it's only the employees who are the chumps.