All About Nortel

As soon as Mike Z. used the word “challenging” this morning to describe Nortel’s outlook, you knew investors were going to pound NT today. With the stock down 15% in late-morning trading, any optimism about Nortel’s prospects has evaporated.
Nortel’s challenges are four-fold: a portfolio without a hot-selling product; fierce competition; the continued decline of its [...]

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Not sure whether the chatter about layoffs has any merit but perhaps tomorrow Nortel will reveal whether there’s any more operational streamlining to be done to reach its goal of cutting opex by $1.5-billion/year.
As much as Nortel has been making progress with gross margins and more focused R+D, getting to the $1.5-billion target has been [...]

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A belated alert that posting over the next week or so will be light due to vacation. The exception will be Nortel’s Q2 results, which will be released August 1. But you probably knew that.

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Red Herring declares: “Nortel Goes Shopping”, which got me excited amid the possibility that for all the talk about making an acquisition, Nortel had actually gone and bought something.
Lo and behold, it’s still more talk. This time, it’s chief technology officer John Roese talking about how Nortel is looking at acquisitions in the optical, business [...]

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If want to know the answer, check out an article written by Nortel CTO John Roese in Broadband Wireless Exchange Magazine.
Roese about the challenges facing service providers in providing real wireless broadband, and how 4G will be able to offer high-speed, high-connectivity networks.
“Because wireless will play such a prominent role in a hyperconnected world, it’s [...]

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The Globe and Mail has a Q&A today with Nortel CEO Mike Zafirovski. One of the first questions is: “Do you pay attention to all the noise, such as the blogs that focus on Nortel?”, which makes me wonder whether the question is referring to All About Nortel.
Sadly, Mike Z. deftly sidesteps the question [...]

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Cricket Communications, a unit of Leap Wireless International Inc., has awarded Nortel a three-year contract to supply it with CDMA2000 1X and EV-DO Rev A equipment to expand it mobile voice and data services across the U.S. (And who says GSM is ruling the roost these days!)
The deal is valued by Nortel at $135-million, and [...]

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Techiqmag is covering the Cisco annual partner conference in Las Vegas this week where 2,500 disciples are gathering to hear how Cisco is going to conquer the world, including Microsoft. Check it out.

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Just when you thought Nortel was about to hitch its strategic wagon to IP-TV (video), they fire up the VoIP marketing machine. The company has introduced new VoIP packages under its - are you ready for it? - IPT 1-2-3 program. The idea is companies that haven’t used VoIP can now get them in a [...]

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In a submission to Seeking Alpha, Contrarian Investor’s Mark Schlotzhauer uses Nortel as an example of how investor needs to focus on value rather than following the crowd. To assess whether Nortel is good value, Schlotzhauer uses GuruFocus.com as a benchmark (it’s a site that tracks the investment portfolios of super-rich people such as Warren [...]

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