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Financials

Moody’s Downgrades Debt Outlook

Not that this comes as a surprise but Moody’s Investors Services has reduced the outlook on Nortel’s debt to “negative” from “stable”.
Moody’s said the decision was made after Nortel said last week it would have lower-than-expected results, and planned to sell its metro Ethernet network business.
“The outlook revision reflects the potential that Nortel may [...]

The New Nortel?

Today, let’s look into our crystal ball to see what the new Nortel look like in a few months based on a couple of assumptions:
1. Nortel finds a buyer for its Metro Ethernet Network business.
2. It also dumps the wireless business or spins it off into a JV.
So, if you take MEN and wireless out [...]

Riedel Explains the MEN Sale

Nortel’s chief strategy officer George Riedel talks to Nortel Buzzboard about the plan to sell the Metro Ethernet Network business.

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Nortel to Dump Ethernet Business; Cutting More Costs

You know the situation is not good when a press release starts with this kind of sentence:
“With a sustained and expanding economic downturn, the Company is experiencing significant pressure as Carrier customers cut back their capital expenditures further than previously expected and certain Enterprise and Metro Ethernet customers defer new IT and optical investments.”

Translation: Nortel [...]

Stewart on NT

Duncan Stewart, one of Canada’s most knowledgeable tech analysts, offers up his thoughts on Nortel’s recent financial results in his weekly column in the Financial Post.
His advice: focus on Nortel’s CDMA sales, SG&A costs and free cash flow as much as revenue and profits.

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Nortel Makes Motley Fool’s Deathbed List

Motley Fool compiles a list of “deathbed stocks” based on assessing their liquidity and ability to pay their bills using the current ratio and quick ratio.
Here’s Motley Fool’s criteria:
“A current ratio above 1.5 and a quick ratio north of 1.0 means it’s able to meet its short-term operating needs. We’ve also added the Altman [...]

Bullish Talk from Cisco

While Nortel talked about a “challenging” business environment after posting its second-quarter results last week, Cisco took a markedly different stance after posting solid fiscal fourth quarter results yesterday.
Cisco said it had “very strong” confidence in its long-term growth targets of 12% to 17%, while Cisco CEO John Chambers added that: “During each economic slowdown, [...]

OK, analysts….an honest question

Frank Burch wants to know….
When, in fact, should NT get credit for deferred revenues?

- No one gives them credit when they get the cash for the sale. In those quarters, people say they missed their revenue numbers. At that point, they have to defer the revenue until some [...]

DBRS Upgrades Nortel Debt Trend

Citing Nortel’s “revitalization efforts and its improved business model”, DBRS changed its trend on the company’s debt to “positive” from “stable”, while confirming its B (low) rating for Nortel’s short and long-term debt. DBRS also established an issuer rating for Nortel at B (low).
“The foundation for growth at Nortel has been developed by a largely [...]

Q2 Results: August 1

Is Nortel trying to sneak one by us Canadians?
How else to explain the company’s decision to release its second-quarter results on August 1, the day before a long weekend when many Canadians are paying more attention to whether the weather will be hot and the beer cold.
Nevertheless, Nortel will post its results at the crack [...]