Nortel’s Hidden Gem: Blade Network Technologies

I am leery when I hear valuations based on revenues or financing.
What are their earnings?

Also, you are forgetting Nortel Netas JV?

Riedel is on the board ?!!!

I sure would not invest or even deal with BNT in that case.

George did SUCH a great job as CSO at Nortel….

MC

I just had a flash image of a TV ad in which NT engineers are sharpening the gilded BLADES of gold medal skaters at the Winter Olympics, crying – Hone It! – but, darn, the Olympics are over, and amateur Olympians may not endorse products, anyhoo.

But,wait, Nortel is in the minors now, too, so maybe something could be legally finagled? But, no, wait, the Olympics are still over.

Shoot. Nortel just can't catch a break, not even in its hometown.

Good point. They're privately owned, so they don't mention profits at all. One major investor is a venture capital mob, and the only other investor mentioned is Nortel as minor.
From the dreadfully low results of the fire sale process so far, I doubt they'll get much for them at all. Even incompetents like Nortel's BoD would have tried to flog them before going into administration. Clearly, they could not get any buyers.

Too bad Nortel never had a chance to showcase its right-angle turn luge, either.
Luger Nodar Kumaritashvili could've survived his fatal crssh like, say, Joel Hackney and co. survived Notels'.

How much Blade could a Nortel blogger blog if a Nortel blogger could blog Blade?

;>)

How's the saying go? “Life sucks and then you die?!”

The obvious contradiction to hype value in the same breath:
“it closed a series B financing round that valued the company at $240 million. In 2010, BLADE expects to have shipments of more than $100-million.”

If it was worth anything substantial, they would have already sold it, unlike the patents they hold hostage to sell last and keep on paying themselves even more bone us as long as they can, a judge finally, finally calls these bonuses extraordinary”.

http://finance.yahoo.com/career-work/article/10…

Two Job Markets, Worlds Apart

The number of U.S. millionaires rose 16 percent in 2009, according to a new report by research firm Spectrum Group.
Moreover, in terms of employment, there was no recession for the highest-income households in the fourth quarter last year. The unemployment rate for people in the top 10 percent of income — those earning more than $150,000 a year — was just 3 percent, according to the Center for Labor Market Studies.
“For the most part it is driven by increasing skills and earnings at the top and decreasing skills at the bottom,” says Carol Graham, senior fellow at the Brookings Institution. “Technology and high-skill jobs have driven our growth in a global economy, not low-skilled jobs. It plays out in the economic crisis in unemployment in terms of who is getting laid off.”
Mechanization and outsourcing also play a role, says economist Robert Frank, who studies income polarization. The manufacturing sector has lost 5.6 million jobs since 2000.
“The more vulnerable you are to your job being outsourced, the higher the unemployment rate will be,” Frank says. “Even though the correlation is not perfect, the tendency is that the more education you have, the more likely you are to be doing a job that's complicated and involved, making it harder to outsource or mechanize.”

Nortel's a wonderful example of this. Lookit who's overcome the lowlies' failures and getting paid for outsourcing DMS to China and India – the smarties.

Nortel bonds(US) are stll going up. As of today now trading at 79 cents on a dollar.
Good news for US creditors ?

http://www.investinginbonds.com/corporatebonds/…

This is the end
Beautiful friend
This is the end
My only friend, the end

Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
I'll never look into your eyes…again

Can you picture what will be
So limitless and free
Desperately in need…of some…stranger's hand
In a…desperate land

Lost in a Roman…wilderness of pain
And all the children are insane
All the children are insane
Waiting for the summer rain, yeah

There's danger on the edge of town
Ride the King's highway, baby
Weird scenes inside the gold mine
Ride the highway west, baby

Ride the snake, ride the snake
To the lake, the ancient lake, baby
The snake is long, seven miles
Ride the snake…he's old, and his skin is cold

The west is the best
The west is the best
Get here, and we'll do the rest

The blue bus is callin' us
The blue bus is callin' us
Driver, where you taken' us

The killer awoke before dawn, he put his boots on
He took a face from the ancient gallery
And he walked on down the hall
He went into the room where his sister lived, and…then he
Paid a visit to his brother, and then he
He walked on down the hall, and
And he came to a door…and he looked inside
Father, yes son, I want to kill you
Mother…I want to…f### you

C'mon baby, take a chance with us
C'mon baby, take a chance with us
C'mon baby, take a chance with us
And meet me at the back of the blue bus
Doin' a blue rock
On a blue bus
Doin' a blue rock
C'mon, yeah

Kill, kill, kill, kill, kill, kill

This is the end
Beautiful friend
This is the end
My only friend, the end

It hurts to set you free
But you'll never follow me
The end of laughter and soft lies
The end of nights we tried to die

This is the end

Well I'm certain that if they do then there will be another bonus round for having met their “goals”.

Their largest asset in the past was a tax write off.

I still have the original LP by the band The Doors! I would like to sell it
for $4.3 million US dollars to match the bonuses set aside for the 3 top execs!

Too bad Jim Morrison has to die sooner!
He could have recorded more hit songs.

Just the lyrics alone …. sounds like made by a guy on high (drugs!)

Come on…after a profit in 2009 these Nortel leaders should be receiving 10s if not hundreds of millions in success bonus!

There is nothing valuable about BNT. Old technology, old thinking. Will likely go the way of its parent – Nortel – in bankruptcy or sale at low valuation. Besides some OEM relationships, company has nothing.