Comments on: A Bid to Save Nortel?

By: Cherry Matt

Cherry Matt — Wed, 16 Mar 2011 08:07:11 +0000

hope Nortel can devolpment good!
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By: whopperscan

whopperscan — Tue, 13 Oct 2009 05:40:52 +0000

Hilarious, isn't it? The gall of guys like Z and Owens, wanting millions in “pensions” for a couple of years of work where their results were about as bad as could be imagined.

For Mike Z, they should counter-claim back the $9 million or so that he took from Motorola to NOT work for competition, and he broke his word and went to Nortel anyway – who's stupid board kindly paid it all back to him, plus “sign on bonus” (whatever that is).

He's putting in an amibit incredibly high claim, so the pennies to the dollar he might get at the end of all this add up higher. I hope Karma exists, and hits him full on here…

By: whopperscan

whopperscan — Tue, 13 Oct 2009 01:40:52 +0000

Hilarious, isn't it? The gall of guys like Z and Owens, wanting millions in “pensions” for a couple of years of work where their results were about as bad as could be imagined.

He's putting in an amibit incredibly high claim, so the pennies to the dollar he might get at the end of all this add up higher. I hope Karma exists, and hits him full on here…

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By: NortelEngineer

NortelEngineer — Mon, 06 Jul 2009 17:42:25 +0000

Nortel pieces would be sold out and concerned employees would be transferred but do u think about NBS and similar groups.

Don’t be selfish. Better if Nortel can be saved

.

By: ASIAonfire

ASIAonfire — Mon, 06 Jul 2009 13:16:46 +0000

Nortel in Asia is a sinking ship.

By: yes4aapl

yes4aapl — Sun, 05 Jul 2009 15:24:17 +0000

Nortel has become political issue in 2004 or earlier...in my opinion
Gov is partially responsible for what happened and current Gov tries to stay away from the issue.
Nortel's BOD and Mike Z have been ignored by current Gov. /see Dec talks and Parliament Hill's summon/
In return BoD and Mike think that they can do whatever they want to, that's the fire sale of assets in action.
As you've mentioned before, you don't believe Nortel can be restructured.
All the signs show that it's exactly what Gov thinks based on the Gov knowledge of Nortel's culture /past/
CH11 protection law protects current BoD and Mike's team, so they have been cashing on that regardless of suffering of all the stakeholders.
Shareholders who supposed to get rid of Directors and Mike Z have no say at all.
Why?

By: NTInfidel

NTInfidel — Sat, 04 Jul 2009 18:34:21 +0000

Anyone who thinks a vultue capital group would be better for employees than an established player like NSN is smoking some seriously strong stuff.

We have already had one Vulture named Mike, we don't need more Vultures from MatlinPatterson. There is no hope for employees with Vultures in charge. There would only be a continuation of the hollowing out that Mike Z has been working at. Mike Z has already been doing what Vulture firms do.

Emerging from creditor protection is a pipe dream at this point. It is much better to let the creative destruction portion out viable pieces to viable companies than dream of resurrecting this corpse.

A strong company like NSN can take on one weakened pieces of Nortel and nurture it back to health.

But the gravely ill pieces of Nortel can not support each other even with new cash infusion, it would just be pouring money down the drain and prolonging the death march of employees, though I am sure it would immediately result in the flight of more key individuals.

By: ChaiTea

ChaiTea — Sat, 04 Jul 2009 17:42:59 +0000

>They don't care about employees or the Nortel name

Doesn't the Canadian government have a say in the sale? I thought the previous press releases seem to imply that any deal will also have to be blessed by the Canadian government. If this is true, then they may be forced to play fair (atleast for some initial period).