Comments on: Mike Z.’s Nortel Legacy: Fail

By: lardo

lardo — Thu, 25 Jun 2009 04:23:55 +0000

Well, you're probably right. I remembered Jean when he was BCE CEO and when he took the decision to beak Northern Telecom from BCE. This was really bad…Anyhow, from my view, John Roth was worst with all those acquisitions he made with astronomic numbers. At that time, John was convinced this was the best things to do preventing other competitor to take it. As far as I know, none of the competitors have taken that route…During that period we burned a lot of cash and consequently we are now to the dead end….I'm not surprised…

By: lardo

lardo — Thu, 25 Jun 2009 00:23:55 +0000

By: broadbandbill

broadbandbill — Wed, 24 Jun 2009 01:23:55 +0000

No, because if that were the case than there would be no buyers. No one will buy an 'overloaded' biz unit; no one is that dumb..–bb

By: broadbandbill

broadbandbill — Wed, 24 Jun 2009 01:22:15 +0000

No accusations, just historical facts – period! Love u2..–bb

By: Casual_Observer

Casual_Observer — Tue, 23 Jun 2009 23:58:09 +0000

HA ! This blog did not affect Nortel one iota. Its tough for an economy to function once global debt to GDP of the country that is responsible for 25% of global consumption is close to 100%. As I said in my post above, Nortel was doomed long before Mike Z came on board. The company could have been broken up sooner for better value but Mike Z decided to give shareholders the worst possible value because of his lack of understanding of market dynamics, economics and math (what he majored in). The global economy is still in a long process of deleveraging from all kinds of shenanigans the last 15 years that were primarily based on debt (via central bank leverage) and not savings. Instead of reading AAN now that Nortel is really done, perhaps folks can focus on macroeconomic issues of real impact. Nortel has been yesterday's news for over 8 years. That should give you a hint as to how much longer things can go on before their demise.

By: GoProto

GoProto — Tue, 23 Jun 2009 22:03:13 +0000

Nope,
so sorry-
not a single dram of any of the above.

By: yes4aapl

yes4aapl — Tue, 23 Jun 2009 21:38:32 +0000

Being in that company for more than 30 years before they let me go last March. I do believe that the downfall started when John Roth bought the famous Bay Network
-----
re
I have no rational arguments to defend John Roth..
It's my opinion
He was a good guy! my opinion
but hey
what about crooks like Jean Monty?
Ex Nortel CEo who stabbed Nortel in the back!?

By: yes4aapl

yes4aapl — Tue, 23 Jun 2009 21:28:25 +0000

I don't agree for such accusations.

sorry
BB you crossed the line in that.
I love u anyway!

By: Milan_Bekich

Milan_Bekich — Tue, 23 Jun 2009 21:24:18 +0000

What am I bid for Enterprise? Do I hear an opening bid?

Milan

Nortel Networks will soon announce the sale of its big enterprise division as it moves closer to a decision to break itself apart completely.

Nortel said it would sell its CDMA and LTE wireless businesses to Nokia Siemens Networks for $650 million. The enterprise unit, which makes networks and gear for large corporate clients, is seen as a next logical candidate,.

After the wireless division, it is Nortel's biggest business unit. It had first-quarter revenue of $395 million, down 41 percent from a year earlier, Nortel reported last month.

Nortel said on Friday it is making progress in selling its other businesses, but added it will "assess other restructuring alternatives" if sales don't materialize.

By: Nortelinio

Nortelinio — Tue, 23 Jun 2009 20:57:37 +0000

>>At least 2,500 employees would have the opportunity to continue with Nokia Siemens Networks.

So – what is hapenning to the remaining 20,000 Nortel employes? There is probably not that many employess in the remaining business units – Enterprise, Optical, and Wireline

On a side note, it is interesting how all media reports referring to 30,000 employees. I left in early June as of last count, there were just around 23,500 employes in their HR system