Comments on: How Much Will Nortel Get for Optical Assets?

By: zeroman

zeroman — Thu, 15 Oct 2009 23:08:26 +0000

750-850 million.

By: zeroman

zeroman — Thu, 15 Oct 2009 19:08:26 +0000

750-850 million.

By: less

less — Wed, 14 Oct 2009 15:56:29 +0000

Mike has paid more than that in taxes from Nortel his salary alone… ;p

By: freqmgr

freqmgr — Wed, 14 Oct 2009 15:25:49 +0000

This sounds more reasonable….

By: mtvessel

mtvessel — Tue, 13 Oct 2009 22:54:31 +0000

I have a question about what Nortel would do with these shares.

If there is going to be no remnant of Nortel, how are these shares going to be monetized for the creditors? If millions of shares are placed on the market at once, then the Ciena share price will collapse.

I can only think that an arrangement would be made for a hedge fund or similar body to buy a large stake in Ciena for the price of these shares. Could this be the real deal here? A hedge fund is behind the deal using Ciena as a beard? Why would such a thing be done?

By: gone2moro

gone2moro — Tue, 13 Oct 2009 21:05:49 +0000

A bushel and a peck.

By: fishymcdonk

fishymcdonk — Tue, 13 Oct 2009 20:19:58 +0000

I think MEN will eventually go for over 1 bagillion dollars.

By: GoProto

GoProto — Tue, 13 Oct 2009 18:23:14 +0000

I heard that the IRS/NT resolution is about nothing more than stating that Avaya will not be held responsible in any way and the tax issue will not affect their agreement to purchase Enterprise.
It also said that Nortel after stating weeks ago that they did not owe anything in back taxes, their tune has changed to this:
"The documents say Nortel has agreed that it will owe the IRS a minimum claim of at least $9.8 million US after its final tax liability was determined"

http://www.cbc.ca/money/story/2009/10/09/nortel...

By: mtvessel

mtvessel — Tue, 13 Oct 2009 15:41:56 +0000

By: protosphere

protosphere — Tue, 13 Oct 2009 15:33:44 +0000

Nortel bought PEC's growing revenues amid declining earnings for $448M when it became worth less than half so shortly thereafter. Acts of desperation in wild gamble for all the good it did them.

They also bought BSNL revenues at a loss. Again, what good are revenues if they cost big money. Paying big money to lose big money just doesn't make cents when the odds are against them, hardly a gamble for all the good greater revenues do them. In Notell's case, declining revenues too.

Look at the other players that were looking to buy Nortel assets like Avaya and Seimens when their cash, books, and financials indicate these are just wild gambles, ill afforded acts of desperation during hard times that Nortel followed if any lessons are to be learned from acquiring markets or technologies with the aspiration to grow or profit.

Only Ericsson could afford to gamble and I hardly think dying CDMA and short developed LTE is of that great a bonanza for them.

Perhaps the last of their assets in LG and their patents may fetch something further to appease growing creditors.

Will we also learn what NoTell agreed to paying the taxman today or will this be black out too as untransparent contradicting bonus happy Nortanic liquidates into oblivion.