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There are rumors - and I stress rumors - that IBM is going to acquire Nortel.
Yup, that’s the speculation that has reportedly been gaining a lot of traction. Don’t ask me where I heard this rumor but I’ll try to provide more details as they emerge.
With Nortel trading at $5.90, IBM is looking at a [...] ... Continue reading »
Yup, that’s the speculation that has reportedly been gaining a lot of traction. Don’t ask me where I heard this rumor but I’ll try to provide more details as they emerge.
With Nortel trading at $5.90, IBM is looking at a [...] ... Continue reading »
10 months ago
10 months ago
If IBM wanted back into the enterprise market to do combat with Microsoft, they'd have re-bought Siemens enterprise unit...it appears that was nearly free and without the extraneous carrier products.
10 months ago
However, an acquisition of this nature makes sense from a Unified Communications and Communications Enabled Applications level. We see the strength of Microsoft across their Collaboration solutions and how they are driving new agendas related to voice. Then there is Cisco which has added Web Conferencing (WebEx) and a week or so ago also purchased an Email solution company.
IBM has Lotus Notes and SameTime as their Collaboration solution, but it lacks voice capabilities. They also have WebSphere for the CEA/CEBP markets. From this perspective it makes sense for IBM to acquire an Enterprise business that has both Voice and Data offers.
What I'm not sure of is if/how IBM plays in the Carrier IMS space. If the concept of "Cloud Computing" becomes real and Carriers actively participate as Content Providers, then there is value in Nortel's Carrier business.
10 months ago
10 months ago
Either spill your source or wait for the press release announcing the deal. Either way, it's in nobody's best interest (ok, maybe yours if you are a shareholder) to be spreading worthless rumours like this.
Save your speculation for the stockhouse bullboards......
10 months ago
While I can appreciate your opinion, I can assure you this isn't something just blowing in the wind. Of course, it may not materialize but lots of credible media organizations such as the Globe & Mail and Wall St. Journal write these kind of stories.
Of course, I'm in no way comparing my little blog to the G&M or the WSJ but I still like to report good stories.
Mark
10 months ago
10 months ago
You must be joking right ? The two rags you referred two have written so many Nortel acquistion stories in the last few years and been wrong every single time. One is now run by Rupert Murdoch - a man known to write or say anything to sell newspapers. I could be a broader relationship between Nortel and IBM and maybe even Nortel selling a minority stake to IBM for a capital infusion which Nortel so sorely needs. And what happens to Nortel's relationship with Microsoft if these rumors are true ?
Please post the links from the two organizations you referred to.
10 months ago
10 months ago
10 months ago
10 months ago
Bo, Proto is a well known Nortel hater.
His mission: to see Nortel destroyed
His tactics: manipulate, embellish and fabricate anything to make Nortel look bad.
His response: when challenged he will often attack the person whom challenges him.
His support team: includes Apple, a frequent poster here who has directly attacked you on the Yahoo Finance message board.
Most of us take everything Proto says with a huge grain of salt since he is obsessed with wanting to see Nortel destroyed.
10 months ago
If you actually didn't see that as sarcasm, I must say, you are one very contained individual! Perhaps a number of posters here could learn by your fine example...
Don
10 months ago
It can be tedious for some to read, but ultimately allows them to continue normal conversation uninterrupted by, yep, rote recital.
10 months ago
10 months ago
All said and done it looks unlikely that IBM will do this. That means their relationships with Cisco, EMC etc. will be in jeopardy. What do they get out of this - $4 billion price tag, $10 billion debt, $300 million cash burn, $10 billion revenue with no profit.
IBM-Nortel will become like Alcatel-Lucent. Catch a falling knife and you are bound to be cut.
10 months ago
10 months ago
Nortel R&D doesn't have to wait until IBM or anyone else snaps them up before shipping off engineering and PV to China and India, my friend. Unless you've been wandering the hinterlands for the last couple of years you will have already noticed that migration is well underway.
10 months ago
10 months ago
Critics have reiterated that if there was anything positive to say over the years they would have said so. Critics have forecast with an exponentially greater degree of accuracy than even analysts to what Nortel feeds them in their relentless optimism and fire side chats when ongoing cuts are just not enough. Happy talk has proven false and misleading over these 3 to 5 years, Nortel lacks credibility in endless contradictions, not the observers that post critical facts that are simply bad, bad ongoing news in this saga.
Nortel contradictions have it lacking credibility from bonusgate fraud to extreme reverse splits to draw institutions, mega-revisions after fraud settlement, BSNL, PEC, Neptune, 3 to 5 years, $20 buys, promoting pals, WiMax, Putian, etc... heck we can go on forever... now what worked... endless contradictions... and headed to zero to with green team pumping more hype and PR craze than ever. How can anyone remain silent.
No thank you for the proven advise from the stalking cheerleaders who shamelessly and unethically slander with fabrication insult under many IDs on many boards, they detest posting facts the truth that point to it being a dog, as its stock charts blatantly indicate.
As for any takeover, be it by IBM, Motorola, Seimens, Huawei, etc., who in their right mind would acquire a company rewarding printing so much Nortel paper to survive with board members till on the audit committee with this rate of resumed cash burn cuts can not catch up to. A struggling company losing moiney with increased interest payments and bad credit rating that has more debt than declining cash with increasingly challenged outlook. Who would assume their largest pension deficit in Canada with the vast percentage of their earnings in decline... this too is as endless as its desperate contradictions.
Besides, all others have consumer products, Nortel does not now. What would they sell, telephony? software? Manufacturing was sold long ago. So was headquarters from over 3 timesit s size and sales, as it still loses money in its linear death spiral headed to zero lacking miracles.
How could anyone afford to break up parts of the business to salvage only those with any returns, than the aggregate headed to bankruptcy.
As attractive as an extreme presplit sub buck stock may seem for a company this size from expensive revenue purchases for revenue sake to make their musical chairs numbers, it seems to me they would have to pay the buyer just to take it off their hands and assume the ongoing risks in decline.
They were a lucky to sell UMTS as was Lucent to be acquired by Alcatel. Now they have no 3G customers to migrate boasted 4G LTE into, another years out aspiration of endless past aspiration of which none have worked. What would anyone be acquiring here.
Is their long extended repair of accounting correct yet the lenient SEC finally monitors as they export jobs than product under EDC welfare. Can they even the green team be trusted "risking careers" with so many still there in "crazy levels". Endless reasons no one would touch this jinxed company even if they paid them it seems to me. The name Nortel has a bad stigma to it sub buck presplit as they boasted buying opportunities and turnaround. Even post fraud look at the losses from anyone listening to them.
It is a shrinking, disgraced, "yesteryear darling" destined to fold. Had it folded at 43 cents presplit last time, it would have saved many thousands having fallen victim to this mega fraud. Nortel has been ever so lucky to print money, extreme reverse split, hype and trade at all let alone keep carrying on like this under "safe harbor" in this endless saga of ongoing contradiction and ongoing new lows. Let alone being acquired which is always rumour, sadly entertaining rumor, but just that, rumor nonetheless... a rumor that will never transpire with anyone in my opinion for endless reasons, endless.. =)
10 months ago
10 months ago
10 months ago
you could have more politely skipped the read if you found it too taxing or challenging
why are all pumpers pricks?
10 months ago
True, but I was concerned about your well being. You come across as a very frustrated individual with an axe to grind. The insane need comforting too, so I ask again, are you ok fella?
9 months ago
Critics have reiterated that if there was anything positive to say over the years they would have said so. Critics have forecast with an exponentially greater degree of accuracy than even analysts to what Nortel feeds them in their relentless optimism and fire side chats when ongoing cuts are just not enough. Happy talk has proven false and misleading over these 3 to 5 years, Nortel lacks credibility in endless contradictions, not the observers that post critical facts that are simply bad, bad ongoing news in this saga.
Nortel contradictions have it lacking credibility from bonusgate fraud to extreme reverse splits to draw institutions, mega-revisions after fraud settlement, BSNL, PEC, Neptune, 3 to 5 years, $20 buys, promoting pals, WiMax, Putian, etc... heck we can go on forever... now what worked... endless contradictions... and headed to zero to with green team pumping more hype and PR craze than ever. How can anyone remain silent.
==============
re
Proto, you are so right
Bulls try to kill the messenger anytime we post our analysis from the Bear side.
Yes, we deserve celebration of winning that game on the stock market. We protected our families and friends who trusted our DD. Another drop of NT stock is just a proof how wrong all the Bulls_hypers have been.
I was able to see from outside_and_from_a_distance revenues dropping this year and new job cuts /huge/ coming as well. So I asked why CEO did not see that a month ago /Q2 cc/?
Why he preached single digit growth of the business when new orders have been declined 25% in just one quarter? Patching the hole with deferred revenues and cloud the picture was the answer. That's what it was during Q2 cc.
Job cuts, confirmed!
Lower new orders, confirmed!
Lower revenues, confirmed!
Selling more assets, confirmed!
Mike Z a liar, I think so /my opinion/
What about those margins? Why the margins are better each quarter but EBITa losses tripled? Is it too much for Mike to explain simple thing. OK what about you, Mark Evans.
Can you explain that contradiction?
Take your time, think about that and when you find the answer, please share with us.
I know how other companies report deferred revenues if they had restatements similar to NT. Nortel deferred more than $3.5 bill revenues during restatements /years 1999-2003/
Those revenues have to be recognized one day or another.
Why public does not know how those revenues change Nortel's numbers/ margins, how they change picture of current Nortel business?
Did Nortel defer optical revenues during restatements? I think so. So how recognizing that revenue now misinform public about current optical sales? Same in each and every division. I have articles, which show that up to 2007 Nortel did not recognize much of that revenue. It means that current CFO has been doing that.
$680 mill recognized in H1 2008
more that $1 bill will be recognized in 2008.
Bo Gowan says that's as good revenue as any other. Oh ya, sure, not for a shareholder, specially if it was revenue from the years 1999-2003!
Look at your post Mark E.
Any new ideas about IBM buying NT without MEN?
.
10 months ago
Anyways, to keep it simple just for these challenged wishful pumpers, what happened to the last Nortel / IBM Edge development... heh, pumpers. sadly entertaining, poor devils. =)
10 months ago
I smell Godwin's Law waiting in the wings.
Oh and "global warming".
10 months ago
10 months ago
Tired</>, Go Away. I'm tired of the NT shills. We all are.
10 months ago
10 months ago
10 months ago
Proto, I welcome your insights here.
10 months ago
10 months ago
ex-nortel^2 - I think a significant majority of frequent posters to this blog wish no ill will for the Nortel employee base. Sure, the ranks contain deadwood and some who have a misplaced sense of entitlement, but I think the majority are just trying to hang on and get the job done. I think the incompetence at the board and cabinet level is what fuels the negativity from most posters and I think the criticism is earned and fair.
10 months ago
These are educated and moral people at the very top Nortel buffers itself with to burden the political brunt of the results.
I feel no individual can be accountable for Nortel's struggles albeit exponentially better heads prevailed ( a dream team vs. to a green team missing in action during the telecom wars)
No single figurehead can take direct blame for Nortel's woes since the bubble burst even though their peers turned around and they did not.
I believe the leaders represent what they are told. It is the aggregate the justisdicts outcome from "crazy levels" and a board of directors, etc.... I call this macro-ambiguous. ( I also say the larger the private or public institution, the greater the error factor to manage but that's another story =)
Arguably, last two said they like being CEO, once then they are paid well. =) Many from the crime scene still remain a sailor termed "difficult hard to find" before the light bulb maker indirectly repaid his past employer or promoted his pals =) No one is perfect... they do the job within the confines they operate and take the political brunt for outcome "risking careers". Could they have foreseen their bad acquisitions or India supply lines, revisions, etc... endless events looking like they are tripping over themselves directionless, jinxed may be a better word, getting hit every which way they turn.
When the results wreak havoc, they are the once facing the tossed tomatoes to the aggregate of how well the company performs. On the other extreme, nothing worse than a bad salesman winning in a golden territory either.
Before I get thrashed for getting too verbose in diatribe and called crazy for it, I would broadly summarize that better heads prevailed and could do nothing. Their stellar leaders and figureheads can do nothing. No man is an island. All the kings horses and all the kings men could ever put Nortanic together again.
To personify the company would make it a thief and pathological slandering liar headed to zero damning the torpedoes and full steam ahead, hardly reflective of the moral caliber of people trying to fruitlessly salvage it. This struggling company seems desperate, directionless, contradicting, and hopeless...
New boss same as the Old Boss - We don't get Fooled Again:
Again, no man is an island. The mass orchestrated fraud could not have been accomplished by just one person. The fraud was sold to the plea bargained board who denied obvious red flags for bonuses they approved and received.
When we see inexperienced criminally charged pals promoted than fired to the employees horror by a green CEO hired for an an axe cutting track record, claiming buying opportunities leading by example let alone averaging down, watch long boasted WiMax vaporize as they boast LTE having sold UMTS with less credibility than Neptune god box... we certainly have plenty of tomatoes to toss due to the endless events leading to its inevitable demise, contrary to the happy talk and fire side chats.
The fellas might be stellar but the company as an aggregate stinks, regurgitating what they are fed by claiming a thousand flies just can't be wrong with endless contradictions having cost too many too dearly.
9 months ago
9 months ago
Nothing.
Now Nortel is prime picking for Enterprise players... IBM and MS included.
10 months ago
"Mark is a well known Nortel hater.
His mission: to see Nortel destroyed
His tactics: manipulate, embellish and fabricate anything to make Nortel look bad.
His response: when challenged he will often attack the person whom challenges him.
Most of us take everything Mark says with a huge grain of salt since he is obsessed with wanting to see Nortel destroyed."
10 months ago
You're certainly entitled to your own opinion, although it is the first time someone has been so blatant.
cheers, Mark
10 months ago
10 months ago
Nortel has a TON of stuff deployed that is going to need to be replaced. If you were sitting on a Nortel-based network, wouldn't you be worried about their ongoing viability? Sounds like a motivated customer base to me. Getting Nortel out of the networks is going to involve a lot of equipment deals and a lot of services deals. I could see IBM buying Nortel and then going to the customer base and using current installed base support as a lever to get the installed base to migrate to IBM replacements, some of which may be based on the good bits that are left in Nortel.
proto - I don't think anyone reads your posts. They're too long and they read like the ramblings of a lunatic. If you have a point, please get to it more quickly.
10 months ago
You disappoint me…
It has been said here before (including by me) that being hopeful is not as good as being realistic. Reality is undeniable and cannot be argued against. In addition, hope requires a ‘Plan’ and, to date, we have NOT seen one from Nortel that makes any sense (though many of us had sincerely hoped we would).
Nortel is a place where opportunists act out childhood fantasies as pseudo-strategists and pseudo-visionaries (without any foundation for such acts); real strategists are nowhere to be seen (or heard); software architects are an endangered species; 'marketing minds' follow processes (as if they are making sausages); totally unqualified operational guys get to act out more of those aforementioned childhood fantasies (and run things they shouldn’t); where cronyism has been elevated to a new art form and leadership is done by proxy from 30,000 feet in the air. Net-net; hope hasn’t worked!
When George Bush came into office we all had hopes but reality is very different today. Those that criticize failed leadership in whatever manner and however unpleasant it may feel should be neither judged, ridiculed nor silenced. Quoting Edgar Allan Poe: “Insanity is a sane response to an insane condition.” This blog does not need a ‘Bill O’ Reilly’– bb