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Like the child he is, he does not understand most of the words he uses and relies on emotion to cover his ignorance. He is either a fired ex-employee who blames all of his troubles on someone else, or just another drunken troll who hasn't learned to express himself appropriately. I doubt he has any friends, let alone ones at nortel.
Hopefully his parents will take away his computer soon.
The 'entitlement' theme in these posts is a cancer. If this is representative of a significant portion of the workforce that's left in Nortel, the company is in far worse shape than I thought. I've been viewing the malaise at Nortel as primarily a leadership issue, but perhaps the leadership and the workforce who haven't found better jobs elsewhere have reached the point where they're well suited to each other.
"I will strongly suggest that the sub-par output you experienced is a consequence of poor lab management, not of the talent available in the off-shore labs."
I don't think the labs themselves have anything to do with it, unless what you're calling a "lab" is a cube with an engineer sitting in it. Without all the xenophobia as expressed by Sexy Beast, I tend to agree that a lot of the product coming out of the off-shore R&D centers (or even from many of the RFTs who have immigrated on-shore) is sub-par and we in NA spend an awful lot of time having to revisit those solutions to correct inefficiencies and flawed implementations. Sure, it's cheap initially, but once you factor in all the time taken to hunt down and repair bugs in code originating off-shore, or even the time taken to re-engineer a solution that is too simplistic in its design and implementation to be extended acceptably, we're right back where we started.
Another poor R&D scenario is off-shoring pre-release PV. Turnaround time between the test engineer and the development engineer can be extremely time consuming. Accessing equipment to recreate and debug complicated problems is problematic (configuring, reconfiguring, boot and rebooting (especially due to system hangs where you need access to a power switch). This method of product development and release is fraught with peril. These types of decisions are definitely a result of poor management and tight-fisted, cheap business units.
If the company wants to off-shore its product development, then fine. However, they should also off-shore the entire R&D team as well (product management and team leads, engineers, test engineers) and then see how well the product does over its lifetime. My guess is, it's at best a wash and at worse a financial disaster.
(this is where the TV screen goes all wavy!!)
http://www.allaboutnortel.com/2007/08/03/zafiro...
Zafirovski Bullish on NT Shares
August 3rd, 2007 | by Mark Evans |
Hey, Mike Z. thinks it’s a good time for investors to buy Nortel shares. After the stock fell nearly 6% yesterday to their lowest level 2002, he said “This is a very good buying opportunity.”
#
By Disgruntled Ex Nortel on Aug 6, 2007 | Reply
“In fact we will meet our target of $50 a share!”
(mumble….mumble,…”right after another 10 to 1 split”,..mumble,..mumble,..)
From now on I expect my comments to be held in nothing but the highest reverence.
I am showing this that yes others declined due to market conditions, recession fears and telecom industry, but no other company has evaporated as much value as Nortel. Now you can say this is a oranges to apples comparison. I'd say there is no comparison now in terms of market cap, revenue ratio to market cap and net profit. This is a has been which cannot survive in a Tech 2.0 world.
Fantastic work. Give yourselves a round of applause with another bonus. Start working on your plan to reach Extreme's market cap. Analysts on the other hand do not know what is going on. Their's is a number crunching game which changes just days before or after results are announced.
20-Mar-06 20-Mar-07 19-Mar-08 % Change Market Cap
NT $28.60 $25.87 $5.80 -79.72% $2.54B
ALU $14.77 $11.96 $5.15 -65.13% $11.65B
JDSU $32.00 $15.21 $12.86 -59.81% $2.82B
MOT $21.98 $18.82 $9.33 -57.55% $21B
ERIC $38.43 $36.55 $17.39 -54.75% $27.65B
EXTR $5.07 $4.14 $3.11 -38.66% $360M
CIEN $35.56 $25.43 $28.19 -20.73% $2.45B
FLEX $10.17 $11.02 $9.61 -5.51% $8.02B
CSCO $21.68 $26.34 $24.47 12.87% $145B
JNPR $19.50 $18.75 $24.45 25.38% $12.8B
NOK $20.70 $22.14 $29.33 41.69% $112B
20-Mar-06 20-Mar-07 19-Mar-08 % Change Market Cap
NT $28.60 $25.87 $5.80 -79.72% $2.54B
ALU $14.77 $11.96 $5.15 -65.13% $11.65B
JDSU $32.00 $15.21 $12.86 -59.81% $2.82B
MOT $21.98 $18.82 $9.33 -57.55% $21B
ERIC $38.43 $36.55 $17.39 -54.75% $27.65B
EXTR $5.07 $4.14 $3.11 -38.66% $360M
CIEN $35.56 $25.43 $28.19 -20.73% $2.45B
FLEX $10.17 $11.02 $9.61 -5.51% $8.02B
CSCO $21.68 $26.34 $24.47 12.87% $145B
JNPR $19.50 $18.75 $24.45 25.38% $12.8B
NOK $20.70 $22.14 $29.33 41.69% $112B
http://youtube.com/watch?v=zNCrMEOqHpc
So next time the Zman tells the press its a "good buying opportunity" be on the lookout for any executive style hand gestures!
http://finance.yahoo.com/echarts?s=NT#chart1:sy...
Good catch. I appreciate it!
Mark
So the market cap of $2.5 bill is now an all time low?
It will be interesting to see if Nortel can roll over the $750M of debt coming due in 2008 and at what interest rate. The 2 Garys wanted Nortel to be a Canadian - American development entity because of the productivity that could be achieved out of Ottawa,, Richardson, and Santa Clara. Mike Z believes that India, Mexico, and Turkey will be the answer to Nortel's new product development future. It was & is a very bad call.
My experience with India has been less than good. I do not think it is a question of competence, but more that what is acceptable for availability and survivability in their market is less, so their design tradoffs are sometimes hard to manage. I have also had some problems with scaling applications from two companies in particular.
I have not dealt with a company from Mexico yet, so I cannot comment.
I still say there are plenty of very talented and under employed people here in North America that are being overlooked by companies for price (which IMO is not often a good long term view) or sheer HR/Recruiting/orginizational incompetance.
If you take a software program and throw it over the fence it doesn't matter where you throw it, the result will be poor. You'll get the same result if you throw it over the fence to a subcontract s/w design house in Cleveland.
Offshore resources can be an effective tool, but not when administered by managers who don't have a clue how to run it and are simply doing what they're told by an equally as clueless executive.
No difference really if it is or isn't.
However, I try to base my posts on a point rooted in fact or experience.
Posters like Sexybeast are a stain. They have nothing of substance to contribute so for the most part I ignore them, unless I can use them to make a point.
it comes to Technological outsourcing.
And don't get me started on the mexicans..good grief.
All of the above..incompetent to the max. You can throw in the poles on that one also.
Rather than move jobs under the guise of outsourcing, low cost centers
and all those other B.S descriptions the jobs need to be kept in North America.
If it means a salary reduction so be it.
If you need to cut the fat out of overpaid managment..so be it.
If you need to reduce the salaries of people who are not diverse and are not
performing..so be it.
If it means laying off people who don't contribute directly to revenue..so be it.
Let's look at this logically and realistically.
Who is being helped in North America when jobs move out of the country?
Nobody over here.
All this breeds is contempt, layoffs and good people walking away because things
are handed off into the hands of incompetents who in the long run hate north america
and could give a rat's ass about the people over here.
For all you pro outsourcing pumpers..it is not the way to go and it is traitorous
to your own country. If you like those places so much..go live there.
The only people who I can imagine support this are the high paid executives who
in the short run make money because it looks like they are saving money but in the
long run the company loses.
There are ways to remain competitive in North America. You have to explore all
avenues before you sell your own people out.
If we are talking about maknig yoyo's, scissors, tires or running a simple
surface mount technology line then maybe you have a point...but even at that
the quality of product builds is brutal when you go overseas.
You don't know what parts they are using, how they put them on, what their
sample control/esd procedures are like and how well they tested the stuff.
Applies to hardware and software.
They ile through their teeth to hit their metrics and nobody has a grip on their controls
usually due to lack of government policies in said country..the government covers
for them and keeps the quality control people from North America out of the loop
purposely. Witness the tainted food and consumer toy violations that have occurred
and continue to happen in China. Same thing in the other countries mentioned here.
The more crap they can get out of there and the sneakier they are doing it...the better
so far as the communist party is concerned.
Anyhow when you increase the complexity anywhere above what was noted here that
is when the wheels fall off. And as mentioned in notes below there is alot more to
it than the simple tasks I mentioned in this speal.
Again..if you want to pump outsourcing pack up your things and move.
Also..I disagree with your view that these people can be competent if properly
managed. That's just garbage and a cop out.
So now you are blaming the managers and executives.
The only "blame" are the idiots who decided to move operations in the first place.
You seem to have more faith in people overseas than your own brethern in
North America (if indeed you are North American)?
Shame on you.
You are a hamstrung basher with no sense of honour, purpose or decency.
Keep attending your toastmaster club in the privacy of your own bedroom
and get a life.
Nobody cares what you say, nobody believes what you say and personally I say
to prove you have guts why don't you picket in front a nortel building while
employees walk by? Maybe you could stand there with your signs spewing all
the nonsense you do here, on the yahoo message board and on the Roese blog.
I don't work there but I have friends who do.
They think you are ridiculous.
I sense jealousy in your posting.
As I said..if all you cowards have any guts and care to show actions with your
convictions, get out your picket signs and stand in front of entrances at your
local nortel establishment.
Maybe then you at least would have some credibility and a little respect, until
somebody stuffs you with your picket sign.
That's what I thought...all hot air...many, anw and all you other bashers.
People who hide in the shadows and take pot shots don't deserve anyones
respect...just a laugh...unless they put their money where their mouth is
and go public.