Nortel Shares: From $124.50 to Worthless

It would be more useful if the vertical axis was a log scale. Or maybe the stock value should be expressed as a logarithmic unit — I suggest it could be called a “Norbel”. Sorry for the techie joke attempt.

Flags A-J: “12-18 months”

please help to understand !!!!!

i have 15000 shares in nasdaq (NTRLQ) , what is going to happend

does it going to delested or going up i hope

thanks

thanks

are you seure 100% or there is little chanse ?

have a nice weeknd

The “s” denotes begin of “streamlined ops”

Mark,

Can you please superimpose the compensation for Z/Team during the last three years. It would be interesting to see their opposite trajectories…–bb

Latests WSJ article: Nortel Will Liquidate Assets

—————
By SARA SILVER

Write to Sara Silver at sara.silver@wsj.com
——————-

GoProto I am not desk jockey but I do work in enterprise. I can tell you that the managers in our business unit are saying very firmly that a deal has already been cut to sell our division to Siemens/Gores Group. They told us that a formal press release is coming this month to announce Siemens as the Stalking Horse.

We have heard other rumors in the past about our group being sold. All of those proved to be false. But the Nortel Enterprise managers were very forceful this week in telling us “this time it is the real thing.”

Mike Z's Priorities Review:

Say:
Jan 14, 2009 – Statement made regarding chapter 11 filing
“Nortel must be put on a sound financial footing once and for all,” Zafirovski said in today’s statement. “These actions are imperative so that Nortel can build on its core strengths.”

Do:
June 18, 2009 Zmail
We had every intention of leading that consolidation, as it is clear that there will be fewer players in our industry in the future. It is clear now that Nortel will not be one of them in our current form.
…
There are important implications that flow from this decision that we must be very transparent about. If we are successful in selling our other businesses, Nortel will not emerge from the process that began with our filings for creditor protection. If we are not successful in finding buyers, then we will evaluate other alternatives for those businesses at that time.

Outcome:
_____exceeded
_____achieved
__X__not met

Other comments:
Z continued to fail to meet stated objectives and did not add value to the company. His performance as compared to peers in the industry is far below the norm and in fact should be considered an extreme outlier.

…which is why BW voted him one of the WORST CEOs in 2008…–bb

We must all agree to not let MZ shrug this off and move onto something else. We must try to make sure the magnitude of this failure 'sticks' to MZ in his post-Nortel life.

For example, we should make a point to his alma mater that their new sports facility has been built with 'blood money' that was taken from those who deserved it.

He won't escape the horrible reputation he built at Nortel. Unfortunately, that may not matter. Z may be too green or egotistical to run a company but he's good at looking out for himself.

My prediction is that he lands a sweet consulting position at one of the many firms he brought in to “advise” Nortel on various matters, all while charging the company a very pretty penny for their “services.”

you are so naive my friend. He would get an exceeded for driving down cost through cost reduction, divesting and restructuring the business. he will get his salary and bonus quietly before he moves on. simple as that. mark my words. within 6 months he will be on the board some other place with no regrets.

maybe a sugared up role at Nokia, Avaya or anybody else acquiring Nortel assets. or at a equity firm or back at his favorite consulting Mackenzie who he gave lucrative contracts.

To Companies contemplating to hire Mike Zafirovski

Mike Zafirovski is the most incompetent executive you can ever hire onto your team. He has no vision, leadership or management skills, being a dinosaur from GE and Motorola. If you want to trash your business and goodwill, then go ahead and hire him. I am sure with his 6 Sigma experience, he will improve his metrics based on Nortel performance.

And even if you give him a window office, the number of customers, employees, shareholders and creidtors that he has screwed over will come back to affect you as they become vengeful against him and not you. The difference will not matter.

Yup, or a Private Equity firm that could use another hatchet man…–bb

tell me something, when Mike Z actually said that

“These actions are imperative so that Nortel can build on its core strengths.”

and then only mere months later to have Nortel being sold off piece by piece -doesn't it make sense now that chapter 7 was the real intention after all,because if that is not the case then that would mean that Mike was too stupid to realize how transparent he really was,as I can't remember any CEO in the history of corporate America that had a CEO as terrible as Mike.

Is anyone here still holding the fraud settlement shares?

Soooo, Mark, what's the future for this blog?

To answer the question below from “VeryConfused.”

In my opinion, mike z has decided that if he cannot make this thing work then it is better if no one can ever make it work. At this point he would prefer to burn the whole house down in order to sustain his own reputation as much as possible. From this point forward he will claim that Nortel was such a horrible company when he came in that “no one could have saved it.”

I believe you are 100% correct. As others have pointed out, Z has a big ego. The events of the recent past have pushed him to the limit, so this is why he has undertaken such drastic action, effectively giving up and saying it's all over. Such an admission can only lead to Ch.7, as any potential buyers will now see that they have the upper hand in any negotiations.

Unlike the fraudulent claims of TongueInCheek, Mike Z and his cronies are the ones who “want to see Nortel destroyed and liquidated” (to borrow a favorite phrase of TIC), not the posters on this blog.

An excellent question.. another sham is what i think, never had any intention of preserving anythng, except the money in their pockets.

stfu!
BB said he does not support Mike Z and his ego!
Stop digging in that direction!

Thanks..–bb

VC,

The 'deeper strategy' was that there wasn't any strategy, period…–bb

actually you raise a very good point in that the reaspon why Mike and “his team” of execs could not find the right strategy coming out of chapter 11 protection was because when it came to selling off businesses that would not be part of Nortel's core strengths going forward,the prospective buyers knew the moment they had talks with him and his team that they (Nortel's current ELT) were not seasoned professionals who knew how to manoeuvre their way through the chapter 11 process and as such decided that they were just going to circle their victim like sharks in the water.

The above is the real translation behind Mike's statement of

“Let me be clear. Together, you have created real value for this company, and today’s news and the ongoing and tangible interest in our businesses and intellectual property by other parties are solid proof points. Our priority going forward will be to leverage that interest to maximize the value you have worked so hard to create. Around that, my focus continues to be to do everything we can to ensure our customers continue to benefit from Nortel innovation and that as many employees as possible have the best chance to move with our businesses as they potentially move into other companies.”