All About Nortel - Latest Comments in S&P Affirms Nortel’s Ratings

Re: S&P Affirms Nortel’s Ratings

Guest — Wed, 16 Sep 2009 09:51:43 -0000

Interesting post. I have made a twitter post about this. Others no doubt will like it like I did.

Re: S&P Affirms Nortel’s Ratings

Happily Retired Cisco Exec — Sat, 22 Nov 2008 17:47:32 -0000

These credit ratings are a disaster. There is nothing good about them. In this credit environment, Nortel's suppliers are going to demand more stringent payment terms, higher prices, and even force Nortel on COD for certain items.

In addition, no Bank will factor Nortel's sales to its channel partners (60 to 90 days outstanding). And, Nortel will have great difficulty providing any funding to the activities of its channel partners, especially its few stocking partners.

S&P has affirmed Nortel's status as a leper. Companies with "A" long-term credit rating are having difficulty getting short term financing.

Nortel really could use Gary Daichendt. From 1998 to 2000, Gary was a maestro in running Cisco's distribution, service, and manufacturing arms, Mike Z has proven to be inept at anything operational.

Re: S&P Affirms Nortel’s Ratings

Another Nortel Watcher — Sat, 22 Nov 2008 02:24:33 -0000

Exactly. Nuff said.

Re: S&P Affirms Nortel’s Ratings

less — Fri, 21 Nov 2008 22:07:46 -0000

Nah, all those zzzzzzzzzzzzzzzzzzzzzzz;s you hear are coming from somewhere else..........

Re: S&P Affirms Nortel’s Ratings

broadbandbill — Fri, 21 Nov 2008 19:53:24 -0000

Yes Mark, this is some good news. However, I ask rhetorically, how will this info improve management’s articulation of the corporate vision, help crystallize and affirm its strategy and create a culture where optimal execution is the norm rather than the exception? Fundamentals, not martial arts parodies…--bb