All About Nortel - Latest Comments in More Pain for NT

Re: More Pain for NT

exnt — Fri, 10 Oct 2008 08:10:19 -0000

Proxim, which nearly went bankrupt when Frank P ran it and he was kicked out.

Re: More Pain for NT

Stan Piasta — Fri, 10 Oct 2008 04:01:24 -0000

Nortel could get delisted from the NYSE and also get hit with credit rating downgrades which would make it even more difficult to borrow money for its payroll and day-to-day operations.

There is going to be a lot more pain ahead. Is bankruptcy looming?

====
re
about credit rating
I think NT is at the very bottom paying 11% rates!
Can NT go lower than that?
I don't think so.
In My Opinion
We will see the end of that tunnel in few weeks!
New orders are not coming /the big deals/
I have not seen anything significant in years!
The 40G deals put customers in an awkward position as NT is looking to sell MEN.
From the customer point of view it's a disaster!
If Nortel would be serious about new battle to survive, the first thing customers would like to see is Mike Z taking the blame for current disaster and resigning.
Not only he is an idiot but also nobody can understand what he says!
How anyone hold him responsible for anything he says?
How long he tried to fool investors_customers into believing that Nortel's business will grow seengle deegyt this year?
It was a Lie!
Send me a fat check for that advice!

Re: More Pain for NT

Another Nortel Watcher — Fri, 10 Oct 2008 00:18:07 -0000

Such as?

Re: More Pain for NT

exnt — Thu, 09 Oct 2008 22:11:28 -0000

Frank had his share of screwups before Tekelec.

Re: More Pain for NT

Tired — Wed, 08 Oct 2008 18:10:15 -0000

You're right about one thing - I'm tired, depressed, and frustrated. Absolutely correct. Just wish I could find a reason to get a laugh out of it. Laughter is the best medicine they say.

Re: More Pain for NT

Another Nortel Watcher — Wed, 08 Oct 2008 16:36:52 -0000

Tekelec $845 million

Tekelec is bigger than Nortel. I'm sure Frank Plastina has a few "I told you so's" for the Nortel BoD.

Re: More Pain for NT

exnt2 — Wed, 08 Oct 2008 14:50:35 -0000

unbelievable !!! its shameful to see this. cannot understand how the board is sitting quietly or for that matter employees taking this crap.

Cisco $112 billion
Nokia $63.62 billion
------------------------------
Juniper $9.76 billion
Alcatel $6.37 billion
-----------------------------
Foundry $2.51 billion
F5 $1.77 billion
JDSU $1.4 billion
Tellabs $1.4 billion
------------------------------
Nortel $830 million
Ciena $730 million
Extreme $229 millon

Re: More Pain for NT

exnt2 — Wed, 08 Oct 2008 14:30:19 -0000

what is the return????? come on you put the money into RIM and even a one day fluctuation can go up by an equivalent of 1 nortel share. so thats like a 100% return if that same money had bought nortel.

no point risking anymore money in this co. its a penny stock pre 10:1 split and will get there post 10:1 split. then what when the stocks booted out of the exchange. your stock is useless.

Re: More Pain for NT

exnt2 — Wed, 08 Oct 2008 14:25:52 -0000

took my losses and got out. I stopped investing 2001. sold everything off around $7 this year. it hurt a lot then but now looks to be a good decision.

Re: More Pain for NT

exnt2 — Wed, 08 Oct 2008 14:10:45 -0000

T.I.C. do something positive for a change otherwise expect getting hammered. respect is not by charity but earned.

most people wish a decline because they would want someone smart to take what nortel has, re-einforce the brightest and actually make it successful. we have all seen cheap talking ceos, cabinets, presidents etc. come and go with absolutely no change in nortels situation since 2001.

who can have faith now?

Re: More Pain for NT

down 98% — Wed, 08 Oct 2008 14:01:00 -0000

77.9 on 42 stocks

Re: More Pain for NT

puddintane — Wed, 08 Oct 2008 13:34:22 -0000

...while true thinkers and feelers hear the plaintive wail of a balalaika player strumming "Kumbaya" wafting on the surly breeze of global warrning.

Re: More Pain for NT

Alain — Wed, 08 Oct 2008 12:52:51 -0000

On a technical basis, there is absolutely no support on the stock once it broke the all-time low of $4.30 which is one of the reasons why the stock has dropped so rapidly to $1.67. The stock is searching for a bottom and could easily go to $1 or below from here. If the stock does go below $1 for a sustained period of time, Nortel could get delisted from the NYSE and also get hit with credit rating downgrades which would make it even more difficult to borrow money for its payroll and day-to-day operations.

There is going to be a lot more pain ahead. Is bankruptcy looming?

http://financial-cents.blog...

Re: More Pain for NT

notafan — Wed, 08 Oct 2008 12:00:02 -0000

in poker you call that a tilt. its hopeless just cover your losses and get out. most of nortel investors say they won't sell because they've already lost 85% or 90% or whatever, but get out while you have the 15%. if history proves anything, nortel isn't going to make the turnaround and the share prices aren't going back up. you seem to have bought more and more shares as nt kept sliding. if you're thinking of putting more money into your mess, you might as well just give me the money, then at least i'll put it to a better use

Re: More Pain for NT

Should have sold in Feb 2004 — Wed, 08 Oct 2008 09:54:48 -0000

Mark, an interesting survey to run would be to ask Nortel investors what their average cost per share is, post reverse split:
$1 to $2
$2 to $5
$5 to $10
$10 to $20
$20 to $50
$50 to $100
> $100

Note I have 1920 shares at an average of about $13; over an 85% loss on paper, so I'm not going to sell. I might even by more at this level.

Re: More Pain for NT

Seeker — Wed, 08 Oct 2008 08:56:02 -0000

Stock is at all time lows and still no insiders purchases up to now. That tells it all I guest !

http://finance.yahoo.com/q/...

Re: More Pain for NT

more — Wed, 08 Oct 2008 07:49:59 -0000

Mark,

Given the wide net your blog (and research) casts on Nortel, you should hunt down an institutional Wall Street or Bay Street investor or mutual fund manager continues to own NT shares. Interview him about why he continues to be an investor in spite of a perpetual RSS stream of bad news.

Stock watching clearly matters to the $900m+ worth of investors who haven't sold out. Yet.

Re: More Pain for NT

protosphere — Tue, 07 Oct 2008 23:18:25 -0000

"Piling On" concept also applies, because it is simple, it stirs emotion and there is no requirement at all for any actual thought for doing so."

Huh? What do you mean by. "no requirement at all for any actual thought for doing so."?
If my physical or mental state reacted unnanounced, I would seek help.

...and never mind reassuring mark or selling us who his "most noteable posters love" because you are not one of mine and I would bet my bottom dollar he is objective enough to make up his own mind so don't try selling him either, "Don't Worry about it Mark" imposing he is worried about a darn thing... I look for words like "trust me" or "in all honesty" that subliminally surface in the reduntant contrarian. =)

I wish I could even ask , and your point was?

Did anyone mention anything about 16 cents presplit yet today?

Re: More Pain for NT

Tongue.In.Cheek — Tue, 07 Oct 2008 22:05:06 -0000

In football there is the term "Piling On". Why not jump on someone defenceless as it is simple to do. In today's media and blog world about Nortel, the "Piling On" concept also applies, because it is simple, it stirs emotion and there is no requirement at all for any actual thought for doing so.

Don't worry about it Mark, your most notable posters love this as it allows them to have little thought and continue the "Piling On" as they celebrate daily the decline of Nortel as they wish for it's ultimate destruction.

Re: More Pain for NT

protospherical1 — Tue, 07 Oct 2008 20:52:25 -0000

The Citizen also indicated this was rumor stemming from some one inside Nortel at the time.

Gary was surprised no one from Nortel came forward to dismissed this rumor. He went public to denounce it himself, taking the high road alleviating bashing Nortel yet the article indicated he was not optimistic.

The media was too polite not to state this might be far fetched viscous slander to his abrupt departure.

Later reports indicted a "difference in management styles" sounding as ambiguous as "for cause" or "not too distant future" or "more colorful", etc., I find Nortellese entertaining. =)

Gary also left during a time so many abandoned this ship in droves.

I do not know of anyone else's back they spit on with their reluctance to chase past officers even after repeated requests. Heck, the past board even got to timely resign in plea bargain to the immediate cash bonuses they approved and received than traditional stock options, denying obvious red flags. Owens fought to keep most other bonuses at a kangaroo AGM too!

I don't want to get into a pissing match in how morals and Christianity are correlated but it is not as though he criminally bullied a little girl out of mere road rage to merit promotion. Owens also unexpectedly departed.

Perhaps NT's culture felt a better shoe in would be some one who defrauds his past employer while joining a company struggling to regain credibility, to provide an ultimatum settlement, then tank the settlement with revisions after settling to claim profit on this tanking. Even the ethics officer walked, auditors of long time standing left...and so little commentary, so polite, it leaves too much to the imagination lending benefit of doubt and to minimize further damage, etc..

Triple profits followed Gary's departure, but they were revised too, in downplayed estimates that doubled to creditors increasing cash collateral requirements they printed Nortel paper to pay, listing their largest pension in Canada as a mere footnote before it was closed. The 20 buck buying opportunities, etc, all by a .huggable honest looking guy but actions speak louder than words and who knows what the heck Nortel does to these fall guys risking careers.

Like I say, it wasn't like Gary grabbed anyone's face or something to merit promotion in an area foreign to him. He didn't deserve the slander he had to come forward to dismiss. How many are still there in their "crazy levels" Owens termed "difficult to find".

I suspect they will fold before the fraud trials if I may be so bold and bashing that would alleviate even more questions. After all their long extended repair of numbers are still not SEC blessed after how many years now. Now I feel like a conspiracy theorist and definitely not a post I feel proud of but some one has to say it in opposition. =)

Re: More Pain for NT

Lonely Ops Guy — Tue, 07 Oct 2008 19:32:48 -0000

Btw....has anyone bought into this?
http://www.christianity.ca/...

Re: More Pain for NT

notafan — Tue, 07 Oct 2008 18:50:24 -0000

you seem like an invester who just doesn't get it or an employee who keeps looking over his shoulder fearing his manager's gonna drop by and take him over to hr anytime soon, or maybe both. either way you seem tired and depressed and frustrated, and you might as well joke about it and at least get a laugh out of it

Re: More Pain for NT

Lonely Ops Guy — Tue, 07 Oct 2008 18:38:23 -0000

I hate to be nostalgic specially nowadays where it seems there is no light at the end of the tunnel for Nortel.....But I can't avoid thinking about what Mr. Gary Daischendt (and Kunis) could have done with Nortel if he had the proper support to turn things around. At that time the stock was worth something ($29) and market timing was right for Nortel to become a real services and enterprise company. If it wasn't for the total lack of visibility of the lackluster board of directors and the executive goons comfortably sitting on their buttocks.......things could be really really different today for Nortel.

Re: More Pain for NT

Mark Evans — Tue, 07 Oct 2008 17:03:36 -0000

NorthernT,

Time will tell if Mike Z. and his team are making the right long-term strategic moves. Right now, the market is clearly skeptical.

Mark

Re: More Pain for NT

areyounuts — Tue, 07 Oct 2008 16:56:08 -0000

NorthernT,

where is the article that Canada will extend cash to Nortel. taxpayers will oppose a 'bailout'. there is no such public announcement. oh so now the bad economy has been poor for 3 years.

carrier infrastructure is what has made Nortel. it made blunders selling off access which became key. selling off a major carrier division is another blunder that will be felt 2 years from now. John Roese says selling MEN has been a 2 year process. well 2 years ago they created MEN for high growth, touted it as the future of Nortel blah blah blah. Now the rhetoric is applications and software. well why keep wireless around then. and all that enterprise routing for that matter? Services will be be broken up to follow business unit sales unless Nortel is going to carry the burden of tech support etc.

Ok for getting into apps, you need major acquisitions with skin in the game. You need the right people. You cannot do everything alone but also cannot leave it to partners like Microsoft who will chew you out and spit you out like bubblegum once the sweetness is gone. Neither can you do it by outsourcing everything. You need a brand with your own competency instead of depending on partners to do it all for you.

Nortel is nowhere in web 2.0. nowhere in apps. all it has is UC most of it OEM. by the time it builds this as a competency its too late. and even if it does, all these apps will run over infrastructure.

it would be easier to just spin out a business unit, seed them with capital, take an equity stake and get things rolling much faster outside of Nortel rather than stifle it inside corporate Nortel.