All About Nortel - Latest Comments in What if Nortel Can’t Sell MEN?

Re: What if Nortel Can’t Sell MEN?

iketz000 — Fri, 19 Jun 2009 20:12:21 -0000

Maybe this will help the board to realize that their choices was really bad. Their are lack of both industry insight and industry relationships. I think they will not succeed if they always do this..

Re: What if Nortel Can’t Sell MEN?

yes4aapl — Sun, 26 Apr 2009 06:47:11 -0000

Public expectations
Start cleaning the mess! Start criminal trials! Stop fooling everyone at once_right now /new investors, customers, employees/
Bring back confidence to North American stock market!
Now is the perfect time!
Monetize all you can
=============
re
when did I write that?
Oct 2008!
Monetize assets!
Monetize assets!
Monetize assets!
That's what it is.
No restructuring Plan after 6 months!
Did some one post that Nortel wants more time to write the Restructuring Plan?
Did I hear July 30?
It's a joke, isn't it?
There is $2 Bill in cash to grab!
It's not a joke!
Nortel has about $2 bill in cash left, right?

Re: What if Nortel Can’t Sell MEN?

yes4aapl — Sat, 25 Apr 2009 21:36:29 -0000

Let's talk about ZTE
in 2008 ZTE reported $6.5 Bill in rev
I don't know why but I was thinking about $8.5 bill
Huawei reported $18.3 Bill for 2008

Huawei will be $23 Bill in 2009!
It's 4x bigger number than current ZTE rev
http://www.lightreading.com/document.asp?doc_id...
Huawei was bigger than Nortel in 2007 with $12.8 Bill in revenue!
ihttp://www.huawei.com/corporate_information/annual_report/annual_report_2008/fve_year_summary.do

Re: What if Nortel Can’t Sell MEN?

yes4aapl — Sat, 25 Apr 2009 15:47:22 -0000

By Mark Evans | October 10, 2008
There is no slow down for Huawei
Huawei revenue in 2007 was bigger than NT!
Huawei rev in 2008 will be $18 bill
ZTE grows 45% yoy too. ZTE will be bigger than NT this year.
CSCO, the giant, grows double digit YoY.
on top of that You have just posted another blow to Nortel; Telus and BCE abandoned NT!
=====
when was it posted?
| October 10, 2008?

Re: What if Nortel Can’t Sell MEN?

Clint — Mon, 13 Oct 2008 13:50:19 -0000

Talk about Mr. Unreal.
The NT culture..and the culture anywhere else where people works is completely contrary to your way of thinking. Best Friends Don't fire Best Friends. They promote them, move them around, give them a heads up or whatever else they can do..if they are true friends. That is the way of the world, especially in the executive ranks. Wake up man. The guys who think business is business and knife their best friends are the ebeneezer scrooges of the world and thankfully there isn't alot of them around.

Re: What if Nortel Can’t Sell MEN?

notafan — Mon, 13 Oct 2008 01:44:05 -0000

Bravo Mr Real

This blog will get more integrity when people actually know what they're talking about, not when people stop using the word "monkey".

I'm sure others will also appreciate this effort as well.

Re: What if Nortel Can’t Sell MEN?

Mr Real — Sat, 11 Oct 2008 20:06:46 -0000

Sometimes you have to just say business is business and you may have to fire your best friend even if you believe he has done nothing wrong if this is good for the company and its shareholders.
Business is business.
Family and friends are family and friends. If I have to fire my best friend in a situation like this, I'm sure he or she would understand, eventually. Those folks didn't get up there where they are without developing an understanding for "business is business" concept, or DID THEY???

Re: What if Nortel Can’t Sell MEN?

yes4aapl — Sat, 11 Oct 2008 09:32:32 -0000

If there was ever a time for Nortel’s senior executives to find a moment of strategic brilliance, now it. is.
======
re
Mark
Q2 reveled that customers stopped buying, NT reported 25% drop in new orders.
We did not see any significant contract wins in Q3 else. We saw many signs customers replaced NT with Ericson, Huawei and others.
There is no slow down for Huawei
Huawei revenue in 2007 was bigger than NT!
Huawei rev in 2008 will be $18 bill
ZTE grows 45% yoy too. ZTE will be bigger than NT this year.
CSCO, the giant, grows double digit YoY.
on top of that You have just posted another blow to Nortel; Telus and BCE abandoned NT!
Customers exodus must be compared to the Domino effect started by
Sprint, Verizon.
Customers lost confidence in Nortel under current management with Mike Z as the leader! I can see that with a naked eye! Mike should resigned long time before that, to answer customers' demand.
CEO, Mike Z, in summary: lack of vision and execution suitable for telecom company. Green CEO risking his carrier and failing on many occasions!
The perfect storm with full strength has started and broken ship /never fixed/ at the open sea!
I say, keep the music going until the last moment!
Use ch11 and save some jobs.
in conclusion
from customer point of view
Nortel is pulling the carpet from under customer in all divisions, one after another /UMTS, WiMax, MEN, LTE../
from investor perspective
There was never, never!, worse stock than NT
from $1200 adjusted to current $1.60 with loss of $400 bill in the market cap!
from employee perspective
66 k jobs lost in last years and the restructuring is going into turbulence now.
Public expectations
Start cleaning the mess! Start criminal trials! Stop fooling everyone at once_right now /new investors, customers, employees/
Bring back confidence to North American stock market!
Now is the perfect time!
Monetize all you can and protect brains of Nortel /R&D/
Transplant the brains into a healthy body! /Brain donation anyone?/
If you cannot satisfy everyone /investors, employees customers/ do just one thing Right. Public will accept BK with ease_easily.

Re: What if Nortel Can’t Sell MEN?

Another Nortel Watcher — Fri, 10 Oct 2008 23:50:29 -0000

I have to agree. I think it's a disgrace that MZ didn't fire Hackney for cause when he assaulted a young woman. It sends a message about MZ's values and it it has been a continuing PR liability, as evidenced by this post and the others that reference this issue.

Re: What if Nortel Can’t Sell MEN?

Mr Real — Fri, 10 Oct 2008 23:41:24 -0000

it's not that they can't keep it because of units losses.
it's that they need to sell SOMETHING ASAP to get cash.
they picked MEN because it was the only unit that they felt they could find a buyer for, not because MEN was losing money and had to be sold to stop the bleeding.

Re: What if Nortel Can’t Sell MEN?

more — Fri, 10 Oct 2008 23:09:36 -0000

Remember when the Canadian government awarded its IT software license contract to Microsoft Office instead of local boy Corel and its Word[im]Perfect suite? Sounds like another vote of no confidence, and look where Corel is [isn't] today...

Re: What if Nortel Can’t Sell MEN?

Mr Real — Fri, 10 Oct 2008 22:45:04 -0000

While it would certainly be absurd to call all execs monkeys and/or suggest that they all run around and do what one of them did, it is important to point out that whoever did what he did wasn't FIRED AS HE SHOULD HAVE BEEN, ON THE SPOT!!!
So to a certain extent, the argument could be made that JUDGEMENT that the top management has shows is at best questionable. Although this was clearly an isolated event and should not be projected to other managers of NT PERSONALLY, the fact that SENIOR MANAGEMENT showed that this type of behaviour is not going to get you fired on the spot reflects on the entire company.
So MANAGERS are not a bunch of monkeys, but MANAGEMENT is another story.

Re: What if Nortel Can’t Sell MEN?

Another Nortel Watcher — Fri, 10 Oct 2008 21:03:27 -0000

exnt - both BCE and Telus have rigorous validation processes. It may be true that Huawei will be tested to quality, but neither BCE nor Telus will turn up a service until it's ready. Huawei stands to benefit a lot from this deployment.

Also, Huawei was selected to lower prices for the majority supplier. It's almost standard process to throw the low-baller a piece of the business.

Re: What if Nortel Can’t Sell MEN?

Nortel investor — Fri, 10 Oct 2008 19:19:30 -0000

WOWWWW. Interesting article indeed......
Isn't Bell Canada based out of Montreal Canada?
Is Philippe Morin based out of Montreal Canada?
I wonder why Mike Z. is EXPLOREING the sale of the MEN division.....
He also did stress restructuring will be in order.....

Re: What if Nortel Can’t Sell MEN?

NOTthereanymore — Fri, 10 Oct 2008 18:25:49 -0000

"If there was ever a time for Nortel’s senior executives to find a moment of strategic brilliance, now is it." -- given the recent history, safe to say NT as we have known it is a goner. It's a shame. The GE boys only had to do one or two things right to have made NT relevant, instead they focused exclusively on applying quality assurance to internal processes that ultimately had no value to customers -- terrific at doing the wrong things faster & better -- and now this same brain trust is left to figure out how to keep it from turning into a complete massacre for all the stake holders. GRIM!!

Re: What if Nortel Can’t Sell MEN?

exnt2 — Fri, 10 Oct 2008 17:52:52 -0000

massive discounting by Huawei. the main benefit will be for Rogers as frustrated customers will move over. Huawei has crap products, unstable software releases, hopeless tech support. only good thing it has is price. good luck running a network over their products.

wonder what the Gov of Canada will do when their information goes over a Chinese infrastructure, which has been known to be a security risk by other countries. The US Feds do not even think about going over Huawei let alone touching their equipment.

Re: What if Nortel Can’t Sell MEN?

Novice Investor — Fri, 10 Oct 2008 17:43:38 -0000

Two (2) biggest cheerleaders ?

Scotia Capital, Gus Papageorgiou, 416-863-7552 ($34 target as of September 11, 2007)

TD Newcrest, Chris Umiastowski, 416-983-3599 ($28 target as of November 7, 2007)

Re: What if Nortel Can’t Sell MEN?

dj — Fri, 10 Oct 2008 17:31:23 -0000

Or look at it from another angle. Would you buy a Kia if Kia were on the brink of bankruptcy?

Re: What if Nortel Can’t Sell MEN?

Another Nortel Watcher — Fri, 10 Oct 2008 16:59:23 -0000

Note that the North American sales president for Nokia-Siemens Networks is Susan Spradley - former Nortel president. The power of the rolodex backed by an adequate portfolio prevails.

Perhaps this will help the board understand just how bad their hiring choices have been. Their GEniuses lack both industry insight and industry relationships. How could anyone possibly think they would succeed?

Re: What if Nortel Can’t Sell MEN?

pleasehelp — Fri, 10 Oct 2008 16:57:55 -0000

Wow.. it is interesting Huawei and Siemens.. I wonder if Nortel will partner for LTE with Huawei now.

http://bce.ca/en/news/releases/bm/2008/10/10/74...

Re: What if Nortel Can’t Sell MEN?

pm — Fri, 10 Oct 2008 16:43:42 -0000

Its over now ... BCE and TELUS just announced the next gen wireless network they are joining up on to build. The winners are Huawei and Siemens. Pretty sad really...Nortel the candadian company .. loses out to China and Germany .. in its own backyard.. sell now of forever hold your peace.. this is a sad day indeed :(

Re: What if Nortel Can’t Sell MEN?

exnt2 — Fri, 10 Oct 2008 16:16:18 -0000

tough to sell in this current environment. very tough. some players like Huawei will not even be allowed to pick up the business.

this could not have come at a worse time. I am surprised they announced it and have not announced a buyer in a month or even confirm talks with potential parties. My 2 cents is 'lots of interes' is just calls coming in and 'interested' parties have left the table now to focus on their own business. Nortel stock has dropped more than 50% so in a declining market, I would wait till the opportunity becomes even more attractive. i.e. Nortel becomes extremely desperate, valuation has gone below $1 billion.

This will happen as customers move away from Nortel optical, cash burn makes it difficult and creditors come calling.

At this point they should file chapter 11, restructure under bankruptcy, sell off long term debt, reduce facilities etc. this is the right time to do it since capital spending will be all time low so its not that carriers or enterprise are signing major deals anytime soon.

Re: What if Nortel Can’t Sell MEN?

exnt2 — Fri, 10 Oct 2008 16:08:50 -0000

notafan,

maybe lighthearted in your view but by saying execs you mean all of them are guilty of doing something they did not. there are people who are still upset at Hackney, and rightly so, but its only this individual not the rest.

it would be equally wrong for someone to go and say things to generalize all the people on allaboutnortel.

Re: What if Nortel Can’t Sell MEN?

moneymoneymoney — Fri, 10 Oct 2008 16:01:57 -0000

If I were in Z's shoes and could not sell MEN, then I would go ahead and spin this out anyways, creating a separate company fully owned by Nortel. There are many advantages to doing this including retaining the customer base thats making the exodus due to uncertainity. This assumes the other business units are critical to growth.

Another option is to dump the wireless business because only CDMA is left. Either sell to Ericsson, Nokia or fold it into LG. MEN and Enterprise would be the two key units left.

Enterprise I think has value and there could potentially be a bidding war for it between Microsoft, IBM and HP. Nortel goes back to its roots of being a carrier compnay only.

Re: What if Nortel Can’t Sell MEN?

buckpost — Fri, 10 Oct 2008 14:10:26 -0000

notafan,

It's not revenge but adhering to a certain standard of behavior. To be clear, I'm not singling you out.

Mark