Nortel Shares: From $124.50 to Worthless

By Mark Evans | Published: June 20, 2009

Nortel’s decision to delist its shares from the Toronto Stock Exchange is a long, long, long, long way from the rockin’ days of the telecom boom when the stock hit $124.50 ($1245.00 when you take into account a 10:1 stock consolidation) in August 2000.

Here’s a chart to show how the mighty have fallen:

NT

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  • SomewunElse

    Once the decision to focus on sale begins, he was obligated to announce it. The rules say you need to tell the market when you make a decision that would impact the stock that way – in this case making it worthless. One of the hazards of being a public company

  • ExNtrl

    I have a position for Zero and his yapping poodle hackney. It is running a lemonade stand staffed with 5 year olds. :D

  • How_long

    Never, to mis-quote Sir Alan Sugar's “The Apprentice”, who was misquoting a past UK Prime Minister, Never in a Telecommunications company has so much been lost by so many in such a short space of time and in such a despicable manner.
    Lost out bigtime myself. Held on because the leaders of Nortel made unwarranted statements when common sense said sell, sell, sell. Should never have listened.

  • How_long

    Do you beleive them this time? I'm very wary of any statements coming from inside Nortel until there is a formal press release.

  • DontChokeMePlease

    Bad Idea, Hackney will end up choking the 5 year olds for cutting ahead of him in line.

  • Should_have_Sold_in_Feb_2004

    Well, I guess I should have really sold in February 2004. I have 4920 worthless shares; total investment of over $27K Cdn$.

    Mark, perhaps you could develop a Nortel Share Loss Calculator to tally up the total amount of wealth MikeZ and his GEniuses stole from investors and therefore from the Canadian and US economies…tens of Billions$ I'm sure!

  • yes4aapl

    Mark, perhaps you could develop a Nortel Share Loss Calculator to tally up the total amount of wealth MikeZ and his GEniuses stole from investors and therefore from the Canadian and US economies…tens of Billions$ I'm sure!
    ====
    re
    what about hundreds of Billions?
    There used to be 4 Bill shares with $100 Plus price tag on them…
    you are not alone in the loss in NT stock investment
    average Joe lost $40 k and there were 10 million of them
    10 mill investors lost $40 k on average
    Look at you
    You lost less than that.
    Where are the investors who lost money on NT stock?
    better yet
    Who gained on NT stock selling at the $100 levels?
    one of the billionaires who gained on NT stock was ex Nortel CEO
    He gained $4 bill and was proud of that.
    Who was he? Do you know who was he?

  • protosphere

    The Canadian Press, Monday, Jun. 22, 2009 10:22AM EDT

    Nortel Networks shares are no longer publicly traded.

    The fallen Toronto-based company, which was by far the Toronto Stock Exchange's most valuable company during the high-tech boom early in the decade, has had its shares suspended by Canada's main stock market.

    The TSX says it took the move as a result of Nortel's plan to sell a major part of wireless network business to Nokia Siemens for $650-million (U.S.).

    Nortel chief executive Mike Zafirovski also said Nortel is in advanced talks to sell other parts of the business within a matter of weeks or months and that it would ask to have its shares delisted from public stock markets.

    The company has been operating under court protection from creditors since January had a stock-market value of just $93-million on Friday when its shares closed at 18.5 cents.

    At Nortel's peak it employed more than 90,000 people worldwide and its shares were worth the equivalent of $1,245 in July 2000, or $124.50 before a 10-for-one stock consolidation.

  • yes4aapl

    Who was Jean Monty,
    read

    Bert Hill & Vito Pilieci. The Ottawa Citizen. Ottawa, Ont.: Dec 29, 2001.
    “BCE Inc. made the biggest splash in the media convergence game by snapping up CTV and The Globe and Mail with hardly a drop of debt. It did it by betting that the price of a huge pile of Nortel Networks stock might fall and made a $4-billion windfall when Nortel stock plunged. BCE is headed by Jean Monty, the Nortel chief executive officer from 1993 to 1997 who groomed John Roth for the top job.”

    -dan
    http://seekingalpha.com/user/345520/comment/367771

  • yes4aapl

    stock-market value of just $93-million on Friday
    ====
    re
    the last $93 mill stolen from investors!

  • dmcd99

    so how does one claim a loss on this if you can't sell the shares anymore?

  • dmcd99

    so how does one claim a loss on this if you can't sell the shares anymore?

  • ScarletKBronk

    They don’t stick with one type, but to many, that they may get the highest expected returns from each one. They’ll put your money into hundreds of stocks, bonds, and many other money markets out there. Try doing that in your own portfolio, and I can guarantee the following results: for that matter will result to ridiculously high trading fees. Second thing that can happen is you winding up in a mental facility, which is washington mutual bank locations very much possible considering the fact that you’ll have to be monitoring all those stock positions. Last advantage would be the very low fees of mutual funds, since the experts running the show take advantage of the economies of scale.

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    to imagine ourselves as the occupant of the manger, the recipient of all that starlight? Not, I'd suggest, if Emmanuel can mean, “If us, God? …

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    Investors who rode Nortel shares down in their RRSPs know this sting all too well. Wait a minute, some say. The tax deduction is not lost. …

  • http://www.facebook.com/craig.kesner Craig Kesner

    With Nortel selling some assets recently for Millions, any chance stockholders getting any of that money? Where did all the money go? Someone got it. Wish I would have put my $14K into Apple instead!

  • http://www.facebook.com/people/Jones-Cowley/100002034806410 Jones Cowley

    An attention-grabbing discussion is value comment. I think that you must write more on this topic, it might not be a taboo topic but generally individuals are not enough to talk on such topics. 
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