Nortel’s Plans to Unload the GSM Business

Not sure if a given GSM employee's fate is better handled by Nortel/E&Y or by 2 potential buyers. Probably not the best place to be right now, but is anywhere at the company formerly known as Nortel a good place to be?

Aw, now, public perception of telco guys is them Apple commercials, when in fact, if some sorry bi#$h cut us off in traffic we'd be all over her face.

6% of employees generated 13% of Nortel's revenue.
Who said GSM was such a lousy business ?

Hook, line, and sinker… you two took the whole bait. And if NSN or E is as guilable as you two I suspect we will see some acquisition activity… but I'm guessing the value is less and the costs more than you two are being lead to believe.

Revenues mean nothing without earnings. Only idiots buy losing revenues or sell below cost in desperation right into bankruptcy. Hype, slander, contradictions, in desperation, name it. nothing helped… 3 to 5 years, $20 screaming buys, can manage larger companies and pals talking it to new levels reiterating focus with their Ninja cuts, was a joke.

They rewarding themselves to print so many more billions just a while back before after diluting hundreds of millions of shares a year in the $50 to $80 adjusted range. Where did this money go? To keep good people like they said as the3y even voted to keep fraud bonuses. Who trusts their long extended repair on books for these revenue figures after playing musical chairs on product groups, hiding the bad news, or presenting horror like a happy talk sales flyer on their web site.

A green team lacking engineers neglected technological innovation to maintain, transform, and further facilitate a bonus driven culture of financial innovation to reward cutting costs on the more revenues the better, regardless of how they were generated or acquired.

They lost and try to sell these white elephants today with the carrot of eliminating liabilities (cost cuts they reward themselves for right into looting the corpse) for revenue sake as even the revenues tank after folding.

Doubling the revenue to employee ratio with more popular GSM over CDMA (when CDMA accounted for almost all of their profits / 80-90% EBT) when they were not a big player in GSM as cash cow CDMA goes out to pasture fast. GSM never bought new shoes.

Even leapfrogging 3G to future 4G/LTE has little promise with their declining customers and having sold UMTS. I also argue that the LTE development time was too short, providing too little everyone else claims may have value, short of a uniqueness no one may use or have little interest in aside from the R&D energies already dedicated or if lacking anything in this area for something.

By following than leading in GSM's revenue stream, only highlights how inefficiently the rest of their business was operating.. evident by going bankrupt.

Never mind the revenues from what Nortel claims revenues, look at the below zero earnings for so many years even if their numbers could be trusted any more than them.

Doubling the employee's revenues for this area means nothing.

“Well I waited and waited and No check. Thought it was too good to be true”
“they said the Letters were sent in ERROR. So sorry. Money won't be sent.”

…they have a terrible sense of humor, and the punch lines never cease

1.36Bill NO WAY!
maybe i´m so wrong and spent 5 years working in a fart cloud,
but the unique way to reach that number is having the revenues on Europe, ME and Africa near the 1Bill -under my eyes, very doubtful-.

?
Nokia stock took a 10% plunge this morning. I can only conclude that the market is punishing it for not jumping at the chance to synergize leverages with the recognized global leader – led by the same.