All About Nortel - Latest Comments

Re: Everything You Wanted to Know About Nortel But….

protosphere — Sun, 08 Nov 2009 00:13:13 -0000

sure there was fraud, charges, huge settlement, the whole shot.

Re: Everything You Wanted to Know About Nortel But….

protosphere — Sun, 08 Nov 2009 00:11:50 -0000

in this case the editorial missed some of my key reiterations

like who wanted to listen to me rant about the tax credits for so long, until Z man and Binning got charged for them years later, so little is said about what I point out until later

they want insight, I'll give them insight, proven insight even when swimming against the tide

I haven't forgot the pumpers like my forgiving friend yes4appl, my grandaddy set a precedent to follow in nazi defiance and I am not shy to take no prisoners, I patronize no one, and won't follow anything I feel is a violation of what is morally right. Even at the expense of seeming somewhat passionate about it or declassing by stooping to their level as you can see.

Re: Everything You Wanted to Know About Nortel But….

protosphere — Sun, 08 Nov 2009 00:05:27 -0000

lies for bonuses AKA- fraud, one of the largest fraud settlements on record. and so much more to come. Mikey was not at the crime scene.

Re: Everything You Wanted to Know About Nortel But….

protosphere — Sun, 08 Nov 2009 00:03:33 -0000

My goodness you sound like such a negative soul. How rude.

Others have appreciated my proven posts over the years and if you don't like them, simply don't read them,

So many idiots harp on management now after the corpse is dead when they warned coming in that there were no miracles.

Keep on pretending there is no fraud while you are at it, your views are warped /sick.

Re: John Roth’s Legacy

protosphere — Sat, 07 Nov 2009 23:56:22 -0000

Sure, Nortel wasted $30B in acquisitions under Roth's watch but lets not forget that Nortel could not have grown made these acquisitions without him. Unlike others since, Roth was an engineer who knew telecom.

The bubble bursting had nothing to do with Roth, he was gone and well distanced from his predecessor's actions who gave rise to the fall of Nortel by fraud. Roth envy has been alive ever since with their exorbitant pay practices.

I don't think Roth had anything negative to do with Nortel, quite the contrary, he earned his bonuses through remarkable performance when he was CEO which is more than I can say for his predecessors.

Re: John Roth’s Legacy

fatzoff — Sat, 07 Nov 2009 23:00:27 -0000

Re: Everything You Wanted to Know About Nortel But….

Whutever — Sat, 07 Nov 2009 20:39:04 -0000

But why shoot the messenger?

Incompetence and ignorance of laws aren't crimes, yet facilliate countless numbers of them - $12 mio here, $11 mio there. Those afflicted by the above need to be schooled. Mike walked away with his head held high and demands another $12 mio for his "competence".

Innocent until proven guilty has its limits.

Re: John Roth’s Legacy

AnotherSlave — Sat, 07 Nov 2009 19:32:48 -0000

What gives with all the duplicates?

Re: John Roth’s Legacy

wasthere — Sat, 07 Nov 2009 19:03:50 -0000

''Some analysts and investors say Roth's role in Nortel's meteoric rise was largely coincidental. Roth tersely dismissed that.''

but then he adds :

"We had the product, others didn't," he said.

Yep, back then, Nortel was selling more then $10 billions worth of optical products !
I remember asking one of the managers in place in that euphoria period: ok there is a boom for our products right now but what is the forecast for the next 5 years ? The answer was : I don't have a clue what to expect, what I can say is we just can't cope with the demand today ........... and not long after that was the downfall.
Nearly 10 years later, Nortel is now selling just over $1 billion of optical products.

Re: John Roth’s Legacy

B763ER — Sat, 07 Nov 2009 17:53:54 -0000

And if we talk about the backbone (SONET+DWDM) plus Metro, then who is the number one in Canada optical market? Does anybody have a rough number of the income of 2008 that Nortel MEN made? 500M USD? Or?

Re: John Roth’s Legacy

B763ER — Sat, 07 Nov 2009 17:51:53 -0000

In terms of the DWDM market share in Canada (given there are only 3 tier 3 operators: Bell, TELUS, Rogers), can anybody tell me the figure of Nortel, Al-Lu and Ciena? I don't think Fujitsu has a big market share here in Canada. Correct me if I am wrong... Thanks

Re: Everything You Wanted to Know About Nortel But….

scoop1985 — Sat, 07 Nov 2009 17:27:30 -0000

Man oh man, do you have mental diarrhea or what? Do you have insider knowledge of fraud investigations? If you do, give details. My point was that your message is repetitive and never changes. You're entitled to your opinion, but I for one don't want to scroll through screens of your blather to read something that may be real insight.

BTW, I have no agenda. I come to this sight to find out information about what is happening. It is the best source of information, except for your incessantly long diatribes.

I no longer work for Nortel. I am an unfortunate unsecured creditor. I hope that there will be some payout against my claim. My expectations are low. Whether there is fraud or not will have absolutely NO impact on what is paid against my claim. I am not a "pumper". I never made excuses for the horrific management that ran the company for so many years. I was an open critic of both Roth and Chandran that they took their eyes off the business because they were too busy being taking bows. Dunn was always psycho. Owens was a feel-good bandaid. Z was a disaster.

Re: Everything You Wanted to Know About Nortel But….

Whutever — Sat, 07 Nov 2009 17:12:25 -0000

Re: Everything You Wanted to Know About Nortel But….

Meridian — Sat, 07 Nov 2009 16:42:03 -0000

Proto - we don't mind your posts -- and some do add insight to what has unfolded over the past 2 years. - they are just too long and repetitive. Please just tighten up the prose a little and get to the point. Cheers

Re: The Story of the Two Garys

zeroman — Sat, 07 Nov 2009 15:01:29 -0000

u r right. most businesses fail due to high profile execs who come in with a big halo. they also try and restructure the business around what they know instead of adapting to the business. then they bring in their buddies or people willing to ride their coattails. ego also runs in their veins.

doing a cisco at nortel would have been disaster likely earlier. there were a few gem products but key pieces were missing to avoid a swatting by cisco. they should have focused the company back to becoming a carrier leader which was what the culture was about. thats what Owens, the Gary's and Z never understood.

Re: Everything You Wanted to Know About Nortel But….

zeroman — Sat, 07 Nov 2009 13:53:05 -0000

looks very fishy if true.

Re: Everything You Wanted to Know About Nortel But….

protosphere — Sat, 07 Nov 2009 12:10:03 -0000

"The point is that some of the frauds will never be proved due to the Canadian justice system."

This is not absolutely true my good friend.
Perhaps there is a greater chance or of laxer penalties in Canada but not that they will be exonerated. This is not a given. There was fraud.

The U.S. still has SEC fraud trials with the Department of Justice all ears, just as they had done with Enron.

...more to come here I suspect and, again, we are not sure how the Canadian fraud trials will go with John Manley's law firm defending Frank Dunn, silencing his testimony that can otherwise be used against him the the USA since we do not have the 5th amendment here.

....more to come here indeed... a lot more

Re: Everything You Wanted to Know About Nortel But….

protosphere — Sat, 07 Nov 2009 12:02:18 -0000

I was more passionate than unbalanced. =)

Re: Everything You Wanted to Know About Nortel But….

protosphere — Sat, 07 Nov 2009 11:53:06 -0000

I indicated how the article missed Nortel's unethical conduct of slander and defrauding as part of their core culture. You want this silenced?

You motive is evident. by claiming fraud will not be proven too, this is misleading or that you hope to recoup get the max, and there is not such word as "recoupment". How challenged.

Low IQ troll cheerleader pumpers of the past like you argued all the way down over the years with intent like now.... It is exactly this type of flavored reasoning that perpetrates greed and fraud to "get the max" like pumpers claimed there would be no fraud settlement or now how fraud will not be proven.

Always trying to silence the truth over the years to trying to blame a latest CEO that wasn't even at the crime scene to deflect, with so many still there like you I suspect.

And never mind "we" like you are the consensus or something to paint a false stage like a thousand flies just can't be wrong, as this defies the concept of a moral majority.

Shame on you, you can not silence opposition to lies for theft or fraud for bonuses just so you can get your max now.

How do you know fraud will not be proven with the millions and millions of documents as fraud trials loom on both sides of the border.

Always wrong, always rude and unethical, always with some monetary vested interest with you clowns.

How can you get anything with their huge liabilities as what they will get to pay prioritized liabilities and big business creditors. Challenged I tell ya, we don't need misleading posts like yours instead.

Looks good on you too, to get a single thing in poetic justice with so many still there and reasoning like this. Watch and learn how the fraud trials will evolve as they did with Enron, Worldcom, Cendant, etc...Watch all the new subpoenas for this level of mass orchestration, as you seek to get the max.

Have we ever been wrong over the years even when swimming against strong tides with exhaustive substantiation that crooks hated hearing.

Re: Everything You Wanted to Know About Nortel But….

yes4aapl — Sat, 07 Nov 2009 11:40:27 -0000

I will add my 2 cents to the fraud discussion
I've been posting here and there for last 5 years, and I was very balanced in my opinions.
Today I can just reply to all my bashers one by one to show them how much they were wrong and misleading others in thinking it was not a fraud, in thinking that NT stock would rebound, in thinking that miracles happen in cases like NT...
I encourage all my bashers to bring up any , I say any of my posts to show me I was wrong about Nortel's frauds in last 5 years!
The point is that some of the frauds will never be proved due to the Canadian justice system.
It does not prove I was wrong about Nortel and the frauds I exposed looong ago
example
F Dunn cooked the books, it was not a mistake! It was accounting fraud
B Owens lost $500 mill in India. It was not a cost, it was the loss!
There was no profit in Q2 2005! Not triple profit as Nortel claimed. It was a loss!
There was no turning point in Nov 2006 as Mike Z claimed
There was no growth in 2008 but well estimated loss for 2008!
There was no margin improvements measured by ratios in Gaap rules, that was another lie!
2008 was the year and I said so as early as Nov 2007!
Proto said so in 2005!
He was more unbalanced but perfectly right as well!
NT has not been in ch11 as Nortel says!
NT has been in liquidation ever since they filed for ch11.
It's another public deception_fraud!

Re: Everything You Wanted to Know About Nortel But….

Desk_Jockey — Sat, 07 Nov 2009 11:20:27 -0000

Fraud indeed. Lowe's actions reek of Ken Lay style corruption, telling the public one thing while doing the opposite in secret. This sort of mentality and these sorts of actions are what helped Nortel get into the position it is in today.

Re: Everything You Wanted to Know About Nortel But….

NortelTragedy — Sat, 07 Nov 2009 11:15:34 -0000

Absolutely there is FRAUD ... look at Richard Lowe, pulling out $1.7-million from his deferred compensation fund in November 2008, two months ahead of the BK filing. Lowe took a 10% penalty of $189k.

Just "good timing" that Richard took out his $$$$, while the rest of us took the fall and lost everything? I don't think so. The BoD and SLT knew - Richard Lowe knew - as early as August or September 2008 that BK was "imminent", yet, Richard writes an article soon after his own withdrawal that Nortel is not a "wilting" flower.

What a lying SOB he is. INSIDER INFORMATION. Where is the SEC? Surely there are evidence and knowledge trails of even greater fraud and deception. I hope to see the little rat out on the town one day. I won't be shy to tell him just how I feel.

Re: Keep Your Chins Up, Nortel Employees

yes4aapl — Sat, 07 Nov 2009 10:18:15 -0000

PM
===
re
Let me remind you your stupid post. I hope it will get into your email box
History lesson!

Re: Oh My, 80 cents

yes4aapl — Sat, 07 Nov 2009 09:16:57 -0000

It's time for history lesson on AAN
For what it’s worth, Scotia Capital analyst Gus Papageorgiou rates Nortel as an “underperform” with a target price of C$1.75.
====
re
Can you translate that canadian_nortelian language into simple English, pls?
It's bad stock, avoid buying because it can be as high as $1.75?
Today It is $1 Can so it would be Strong Buy with 75% return if the target is reached!
Bingo!
Who wants stocks better than that? better than 75% in 12 months?
and here is my opinion
NT stock was very lucky in last years
Almost all analysts were Bullish on NT (exception one or two analysts were Bearish)
Hype and pump, high targets for NT stock!
So much hype and what? NT does what NT knows the best .
Preparing the business to go CH11
They call it vertical BUs.
More of that Nortelian language.
sure thing is that nobody believes that 1300 job cuts saves Nortel and brings it back into profitability and prosperity!
There is nothing to argue about anymore.
NT stock is below $1 and will stay there before XMas.
As Duncan said, Nortel does not need NY Stock EXchange and the same to NT, we don't need NT in NY!
Duncan is the best!
Thanx for the guest's post Duncan!
Mark E, you are blessed having friends like Duncan.
I wish he wrote to me at yes4aapl2007@yahoo.com
=============
Look who replied to my post

Re: The Story of the Two Garys

felixmk — Sat, 07 Nov 2009 06:55:46 -0000

He interviews people.