Comments on: Matlin Patterson Working on Buy-Out Proposal

By: Your Move, Matlin Patterson

Your Move, Matlin Patterson — Tue, 21 Jul 2009 12:52:42 +0000

[...] it change anything given MP was in the midst of preparing a bid to buy Nortel, including the CDMA wireless business being pursued by Nokia [...]

By: Avaya Buys Nortel’s Enterprise Business: A Sad Day for Canada | The Telecom Blog

Mon, 20 Jul 2009 17:10:34 +0000

[...] the deal isn’t done yet – (Matlin Patterson is putting together a competing bid for the entire Nortel business unit), this is a sad day for telecom and a sad day for [...]

By: Nortel to Sell Enterprise Business to Avaya

Nortel to Sell Enterprise Business to Avaya — Mon, 20 Jul 2009 15:02:18 +0000

[...] the CDMA and enterprises businesses now being that much closer to being sold,Matlin Patterson’s interest in buying Nortel will have to take on even more [...]

By: Is Nortel Fishing for New CDMA Bids? | All About Nortel

Is Nortel Fishing for New CDMA Bids? | All About Nortel — Sat, 11 Jul 2009 11:30:55 +0000

[...] Matlin Patterson, an investment firm that buys distressed assets, is working on a buy-out offer for Nortel with speculation it will sell the enterprise [...]

By: yes4aapl

yes4aapl — Thu, 09 Jul 2009 16:09:24 +0000

How_long
re
We call it the death spiral.
Costs are reduced but revenues fall more than that
The gap between revenue and costs is growing to the negative effect.

By: How_long

How_long — Thu, 09 Jul 2009 13:54:44 +0000

I agree, the Q2 report will make interesting reading. There have been more staff losses in Q2, that was what I meant by costs have fallen more.

By: yes4aapl

yes4aapl — Thu, 09 Jul 2009 12:09:24 +0000

How_long
re
We call it the death spiral.
Costs are reduced but revenues fall more than that
The gap between revenue and costs is growing to the negative effect.

By: How_long

How_long — Thu, 09 Jul 2009 09:54:44 +0000

I agree, the Q2 report will make interesting reading. There have been more staff losses in Q2, that was what I meant by costs have fallen more.

By: ChaiTea

ChaiTea — Wed, 08 Jul 2009 19:24:37 +0000

FYI.

Read Docket 1021 Exhibit A if you want more information on (I) procedure for Solicitation Of Initial Bids; (II) procedure for Public Auction And Sale Hearing etc.

MP has a lot of work cut out in front of them. I wonder if they can finish the paperwork!!!

By: ChaiTea

ChaiTea — Wed, 08 Jul 2009 18:14:59 +0000

http://www.markit.com/assets/en/docs/products/d...

Seems to imply that some Nortel bond debts (via CDS) were traded for 7.5 to 6.5 cents on the dollar. That's cheap isnt it?