Disqus - Latest Comments for Apple

Re: …Meanwhile RBC’s Mark Sue Less Bullish

Apple — Sat, 12 Jan 2008 19:13:06 -0000

Yes he was wrong and wrong and wrong again about NT.
Mark Sue was wrong about NT and he changed his opinion faced with new reality about NT.
You should ask who was right about NT stock long time ago?
Let's look for him and congratulate him for his good vision.
There was an analyst who kept his $14 target when NT was well above $20!
Who is he?
I think it is the same guy who said NT is on its way to revisit the lowest lows of 2002. /43 cents pre split/
Give me time, I will find him..and we all can congratulate him.
30 analysts have been posting high targets and market outperform for NT when the stock makes new lowest levels each and every year since 2004! It's a shame! Can we sue the bastards who misled investors into buying NT in 2004-2008?
btw
where is Psychiatrist posting to this blog painting all NT critics as liars in last 4 years?
13 trading days in a row NT closes lower each day /since Dec26 2007/
What is that? Can anybody show me another high mark cap stock doing so?

Re: …Meanwhile RBC’s Mark Sue Less Bullish

Apple — Sat, 12 Jan 2008 20:25:07 -0000

http://www.allaboutnortel.com/2007/09/11/scotia...
Scotia Puzzled by Nortel’s Low Valuation
September 11th, 2007 | by Mark Evans |
Scotia Capital analyst Gus Papageorgiou believe investors are making a big mistake when it comes to valuing Nortel shares. At about $17, it’s 50% of his $34 target price. ‘We do not believe the market is properly valuing Nortel’ potential and would advise investors to build or maintain an overweight position in the name, he wrote in a research report.
Source: Globe & Mail
http://www.theglobeandmail.com/servlet/story/RT...

Gus Papageorgiou wrong in Nov 2007

Re: CDMA: The “Betamax” of Wireless

Apple — Sun, 13 Jan 2008 16:28:06 -0000

Mark Evans, what's wrong with your blog?
Recent comments are not updating the list!
I don't see the groups as you had before, example posts sorted by analysts updates...
How to look for an old post on your blog? May you introduce your new blog a little bit?

Re: Dunn: Come On Nortel, Cough Up

Apple — Sun, 27 Jan 2008 00:12:15 -0000

John Edward Cleghorn, O.C. (born July 7, 1941) is a Canadian businessman and former Chairman and Chief Executive Officer of the Royal Bank of Canada from 1994 until 2001.

Born in Montreal, Quebec, he graduated from Westmount High School and received a B.Com from McGill University in 1962. While at McGill, he was a defensive lineman for the McGill Redmen football team that won the national championship. In 1964, he became a Chartered Accountant.

He joined the Royal Bank in 1974, becoming President in 1986, Chief Operating Officer in 1990, Chief Executive Officer in 1994, and Chairman in 1995. A champion of corporate restraint, he sold off the corporate jet, closed the executive dining rooms, and ended the use of the executive limousines. He frequently rode the subway or flew economy class in order to interact with customers[1]. He also took part in merger talks with Matthew Barrett, Chairman and CEO of the Bank of Montreal, though Finance Minister Paul Martin later blocked the proposed arrangement. He retired as Chairman and CEO in 2001, and was succeeded by Gordon Nixon.

He has been a director of SNC-Lavalin and Nortel Networks since 2001. He played an influential role in the board meeting that forced CEO Frank Dunn and two other senior executives to resign in April 2004 after financial results had been misrepresented. Cleghorn also criticized his friend and Nortel Chairman "Red" Wilson for not acting quickly enough when the U.S. Securities and Exchange Commission had launched a probe several months earlier, eventually causing Wilson to resign.

Re: More: Nortel-Motorola

Apple — Fri, 01 Feb 2008 23:02:08 -0000

Almost half of EDC's $21 billion loan portfolio is to Nortel and Bombardier clients. EDC financing for Nortel sales is particularly important given the weak state of the telecom industry worldwide highlighted by the fact that Nortel's foreign buyers have not repaid $4.1 billion of its loans to them (Nortel lent this money between 1997 and 2000 to finance its sales).
======================
from a fragment down half a page

, Nortel has received considerable financial assistance from the Canadian government. During 2002-04, Export Development Canada (EDC), a Crown corporation, gave $130 million in total financing for nine different sales by Nortel of telecommunications equipment to Sercotel S.A. de C.V. in Colombia. Sercotel is owned by Mexico-based America Movil, the largest cell phone company in Latin America which has operations in ten countries. In 1996, EDC gave $65 million to support Nortel's sale of telecommunications equipment to the Colombia Telecommunications Funding Corporation. EDC has also financed about U.S.$90 million of Nortel's cellular business including $17.3 million for its supply of equipment to OCCEL in 1995.EDC support (and thus that of the Canadian taxpayer) is crucial to Nortel's ability to generate international sales. As one observer put it "Nortel Networks Corp. and Bombardier did not become multi-billion dollar global leaders just by making cutting edge products; they also helped many of their biggest customers to buy them using big loans from Export Development Canada." Almost half of EDC's $21 billion loan portfolio is to Nortel and Bombardier clients. EDC financing for Nortel sales is particularly important given the weak state of the telecom industry worldwide highlighted by the fact that Nortel's foreign buyers have not repaid $4.1 billion of its loans to them (Nortel lent this money between 1997 and 2000 to finance its sales). Cash-strapped foreign telecom companies are unlikely to buy Nortel products without EDC financing.Nortel and The Liquidation/Privatization of Colombia's TELECOMAs noted above, Nortel calls itself "a leader in the implementation of shared risk agreements in Colombia."
link
http://en.wikipedia.org/wiki/Talk:Nortel_Networks

Re: More: Nortel-Motorola

Apple — Sun, 03 Feb 2008 21:52:17 -0000

ZTE is too small
It's $5bill rev company now and expected to be $7 bill in 2008
HW is $11 bill company now and almost sure $17 bill rev in 2008
/they have a huge backlog!/
In 2004-2007 ZTE and HW grew up 300% in the same time frame JNPR grew 100% and CSCO 60%. NT did not grow much, maybe single digit if we can accept murky accounting.
If I were to expect, MOT should acquire JNPR
It's too late for NT to do that. Market price reflects it, doesn't it?
Only $5 bill market cap now.I say, markets have spoken about NT future!
The sell of continues on any up tick day; the dumping continues on ignorant, not educated retailers.
So many good choices for MOT shareholders now as we speak! Handset div will be separated /Mike Z would be the best choice for handsets/
The rest can be merged easily with others including private Avaya.
NT is scheduled to die of natural causes, ala AirCanada story.

Re: All Quiet on the Nortel Front

Apple — Thu, 07 Feb 2008 01:11:11 -0000

In 2008 CSCO will report $40 bill in rev
Huawei and ZTE will report $25 bill /combined/
Those 2 companies were very small in 2004. How did they grow?
I checked it out. NT did not grow in the frame time I researched, so they must be directly competing with NT I conclude...
Owens warned about them in 2004. Today they're real killers! They kill competition fast!
CSCO is loaded with $23 bill of cash. NT is left with $2 bill in cash, $4.5 bill debt and $4 bill pension deficit. btw The biggest asset on NT balance sheet are their tax credits /about $4 bill/ which are well overdue for the write-off.
Everybody talks a lot about Nortel's messy accounting but there is no one to clean the system once and forever. Will new CFO start cleaning the books again?
Will Nortel delay 2007 reporting?
I think it's pretty late already. CSCO has reported Q1 NT has not reported Q4 yet...
If you are waiting for Mike Z to issue 2008 guidance, don't be surprised that he knows nothing about that. He thought that $20 a share was a gift so he loaded NT shares and made a fool of himself. We all are still laughing about that on NT mess board. Watching NT stock is very entertaining so I’d like to say, Thank you Mike for that!
Don't forget that NT was $1.13 today /pre split numbers/
If you think $21 for csco is bad think again. It's like $210 if csco did the revsplit like NT did.

Re: Shareholders Still Waiting While Stock Sinks

Apple — Sat, 09 Feb 2008 16:42:11 -0000

small correction
I remember it as $3.05 pre split NT price...
/or $30.50 after revsplit/
new 52 low?
$10.85 or /$1.08 pre split//
So easy to shift coma
1. current stock price reflects perfectly current situation
2. stock can move up or down if the situation changes
Mike, do something to move the price!
Even jumping with your golden parachute would push price up /just my opinion/
Why do you want to ride the stock down to Zero?

Re: Does Mike. Z Have a Choice?

Apple — Tue, 12 Feb 2008 13:24:56 -0000

Timing of the news about talks could not be worse for NT
Rumors are just the rumors
Nobody knows facts as when who how
Some sources say Nortel as the majority owner some say Nortel as the minority...
It's much difference
The idea was good!
To combine 2 wireless divisions with an additional investor with money /20% I guess it would be $2 bill/ It would give a good kick to start the JV
It would price the new VC and give it legit market cap
It could be spin off as IPO and sold to investors
That way NT and MOT would get nice return
I guess Mike failed to do that, failed once again
in conclusion
From the current deal_talks results NT shareholders are not the winners and NT stock reflected that yesterday
btw
LU is 2 years ahead and with nice partner, but look at the stock! ALUuuuu!
Who let the dogs out? I mean Huawei and ZTE?
They take all the deals! Mark Evans, you have to mention Mobile in Barcelona going on as we speak.

Re: RCMP to File Charges Against Beatty, Gollogly

Apple — Sun, 24 Feb 2008 14:59:38 -0000

I would say that those who supposed to protect investors, the audit companies, defrauded shareholders.
It's really good to see RCMP going after the crooks. There is hope that Canadian market can gain confidence once again.
Covering up frauds is not the way to go!
for what?
saving 30k jobs?
Let them go!
Let the good engineers find a good employer! There is so many good telecoms out there!
I don't want to point where the current NT employees should send their resumes/ CSCO AV ALU JNPR and study Mandarin because Huawei is growing big!/
One sure thing is, that government should not cover up frauds NT did; for just 30k employees when millions of investors were defrauded!
Stock market needs investors, doesn't it?
Btw
Nortel employees posting here the happy talk
Get over it, it is time to get over it!

Re: RCMP to File Charges Against Beatty, Gollogly

Apple — Sun, 24 Feb 2008 22:00:42 -0000

Why pound the employees who are just trying to make a living.
Sickening to say the least.
If this individual would give a reason..any reason..as to the attacks it might
add some credibility..but alas we never hear the reasons.
That tells you all you need to know.
-------
re
Realist
The reason is simple
You Nortel employees posting here and there, trying to fool new investors to Strong Buy Nt stock are just crooks.
The stock price shows it.
RCMP charging Nortel criminals shows it.
What don't you understand from my posts in last 4 years?
Looks like RCMP is on NT critics side and against all crooked Nortel's employees.
Don't get me wrong, here.
Most of Nortel's employees are probably honest, hard working. But your anger should be pointed in proper direction. Not against messengers delivering bad news, but against crooks who destroyed Nortel. Terry Mathew was openly accusing Nortel directors_managers for destroying 100 years old company /search OBJ+Terry Mathew or so/
And the argument that “for the sake of 30k employees rob the new investors as well” is just a lame argument!
Nortel's been robbing millions of investors! Don't you get it? Look at the NT chart!

Re: RCMP to File Charges Against Beatty, Gollogly

Apple — Mon, 25 Feb 2008 03:39:43 -0000

In other words..I still don't see the personal reasons you have for the bashing.
It doesn't add up rocket roger.

==============
re
first
I am not a basher.
In last 4 years I posted correct analysis about NT stock.
I guess I was just right about NT.
What don't you like about my perfect predictions?
on another hand, I assume you have been pumping that stock for a long time as I see you know all posts of critics who you call bashers.
How your pumping NT stock is better than our critics?
What don’t you understand from the proportion?
30 k employees/ millions of defrauded NT shareholders?

Re: RCMP to File Charges Against Beatty, Gollogly

Apple — Tue, 26 Feb 2008 00:00:48 -0000

Apple..your grammar is atrocious.
That might explain some of this.
Again..you still have not indicated why you bash the Name relentlessly.
No reason whatsoever.
I guess the truth is too much for you to bare.
----
re
lol

Everyone knows that English is not my mother language; not first, not second!
English is my third language.
What languages do you speak?
My grammar on message board is not perfect, I know that. It annoys low IQ readers.
Sorry about that Realist.
I am neither ignorant or uneducated as you suggested.
Didn't I tell you to ask your parents to read investment articles for you? We both read the same articles, I have right conclusions about NT in last 5 years and you are always wrong /delusional/
Does it ring a bell? Look at the NT chart!
and
You defended vigorously NT employees so I assumed you were one of them /or dependent, wife, subcontractor, reseller installer_as you once bragged about that/
If you are not NT employee, why do you prefer the status quo, that 30 k employees continue to get fat pay-checks and bonuses paid by millions of defrauded shareholders?
and another question for you
Why would Mark Sue, RBC risk his reputation to post new low level 12 month target for NT?
In my opinion, he risks nothing as the lowest low level for 2008 are coming.
You on the other hand, will post rosy stories about NT no matter what!
So be it!

Re: RCMP to File Charges Against Beatty, Gollogly

Apple — Tue, 26 Feb 2008 11:06:44 -0000

Bashers just bash..forever.
If you want to talk tough get a lawyer and show your stones.
---------
re
You chose wrong name for yourself, realist. Pathetic! You can't accept a fact that any public company has critics and pumpers on various message boards.
You say you are just a basher of bashers. How nice. Why do you bash critics of NT stock? Just because they were right about NT stock?
You don't care that millions of NT shareholders were defrauded in the past. They did not lose in investment. They were robbed. You don't care that in last few years new investors lost money, millions new investors in NT.NT still posted false profits in Q2 2005.
How nice of you to come and be part of entertainment on Mark's blog.
Yes we post here with fake IDs
And if you want to show some bones and be the man, why don't you start with the real players in the stock market. Mark Sue target is lower than mine!
I know, you are a virtual realist as anyone else on yahoo message boards.
have a nice day, virtual Realist, basher of critics!

Re: RBC’s Sue Slashes Target Price

Apple — Tue, 26 Feb 2008 23:13:02 -0000

In advance of Nortel's first quarter earnings to be released on Wednesday, Mr. Sue is lowering his price target on the beleaguered Canadian telecom manufacturer's price target, to US$10 from US$16, citing a number of key concerns that include regulatory, litigation and execution risks.
=================
re
It's not first quarter for NT
NT will report Q4 and the year 2007 tomorrow.
I don't understand why would Mark Sue keep his "market perform" recommendation and slash target price from $16 to $10, 10% below current price?
Some analysts are wrong and some post mixed up numbers by mistake.
Mark Evans, can you clarify the info from the article?
Who made the mistake here?
Was it Mark Sue or David George-Cosh from National Post?
What do you think, what do you know, Mark Evans?

Re: RBC’s Sue Slashes Target Price

Apple — Thu, 28 Feb 2008 01:16:58 -0000

RBC Capital Markets analyst Mark Sue, who downgraded Nortel "Underperform" from "Sector Perform," said the results show things are not getting better for the company.
more
http://biz.yahoo.com/ap/080227/nortel_mover.htm...
I understand Mark Sue now.
He is a hero and his target was reached in 2 days!!!

Re: RCMP to File Charges Against Beatty, Gollogly

Apple — Thu, 28 Feb 2008 01:29:50 -0000

You see how confused you are about NT?
The tax credits were on the balance sheet for years growing up to $4 bill on the assets side_position.
They were well overdue for the write-down but P Currie didn't do that. The next guy didn't write them down.
Comes another CFO and new audit company and they decided to clean the books and file audited numbers. That is another restatement! in my opinion.
in other words
NT today is $1 bill smaller in assets!
or if you compare it to market cap, NT has $1 bill smaller market cap today...
and btw it means also that management does not see profitable years ahead /less than 50% probability/
"Due to changes in the Company’s Canadian tax profile, which include the sustained strength of the Canadian dollar relative to the U.S. dollar, and the recent reduction of the Canadian federal tax rate and other expectations related to the timing of Canadian taxable income, the Company decided to record a non-cash charge of $1,064 million in the fourth quarter to increase the valuation allowance against the Canadian deferred tax asset."
You can google
“the valuation allowance against deferred tax asset”

Re: Barron’s: It’s a Death Spiral

Apple — Fri, 29 Feb 2008 04:07:35 -0000

From the time perspective it's easy to conclude

Nortel restructuring program has not been working, or did not work!

Is there any chance Mike can be successful cutting another 2100 and shifting 1000?
maybe small chance...
Nortel has been bleeding too long!!!
Employees have been watching the horror of cuts year after year, CEO after CEO after CEO
There used to be 100 000 heads at Nortel in 2000!
Today it’s 30k
There are good companies with good benefits, am I wrong?
Many Nortel employees have found good jobs and started new businesses, as I know.
The painful cuts continue!
Why the small steps?
Do it once and forever.
Don’t be afraid of BK words!
It is well overdue. 2002 was the best time to do it when NT stock was on its way to zero!
AirCanada did it! Planes are still flying
Laidlaw did it! Buses are still traveling!
Today they are stronger than ever!
The way Nortel does restructuring, in next few years you will not find anyone who remembers anything good_positive about that 100 years old company!
There are Millions of defrauded shareholders and for what? Just to keep the fat paychecks and bonuses for management?
Nortel filed new bonus plan this week /SEC 8k/
Bonuses will be paid on margin improvements. Yes, managers will get them no matter what by squeezing employees and selling assets! What shareholders are getting? OH look at the chart!
If you knew nothing about Nortel the chart would tell you full story!
btw
where is my compensation for defrauded shareholders in 2004? $30.50 a share calculation... OK I've already given up, I don't like to be held hostage for years.
It is just painful to watch new investors lured into that stock on false Q2 2005 Triple Profits numbers, or on Mike's false turn around story on Nov 16 2006 conference for the investors
It’s been too painful to watch! just my personal opinions, Nortel, please, prove me wrong just once!

Re: UBS Drops Target Price to $11

Apple — Sat, 01 Mar 2008 01:41:10 -0000

Accounting is a complex issue.
You can't use one side of the balance sheet and neglect the other side.
Nortel was warned many times and fined by SEC for accounting not tied to GAAP.
SEC vs NT accountants trials are coming. SEC charged them with cooking the books, with accounting fraud.
RCMP is ready to lay criminal charges too.
Yet you and Nortel try to spin a good view of bad numbers.
Operational margin which Nortel reported is not GAAP!
and yet managers bonuses are measured by that!
Yes, Mike Z will get better operational margins, he will get bonuses but Nortel stock will go to the drain losing employees and customers.
Just look how Mike fixed handset division at Motorola. He squeezed all the juice from the organization and the plant is dying now. If he were an honest manager he would still be there taking care of handsets. He quit there just to get more money here! Even the signatures he left on the deals of separation with Moto are not important for him. So why he signed them?
In conclusion
Accounting is simple, just stop creating and cooking the numbers!

Re: Is Nortel Ripe for a Takeover?

Apple — Tue, 04 Mar 2008 13:55:18 -0000

Mike Z failed. His plan did not work in the first year and his plan is a total failure today.
No success in gaining 20% in respected market segments, selling UMTS which shows high growth in 2008, and his 4G plans are delayed. I understand KG JV wasn't performing last quarter either. R&D under good management would be the pride of NT. Now, $2 bill R&D is killing $3.5 bill market company! oooofff Did I hear 2 years ago that Mike wanted restructure R&D?
In a free country Shareholders would decide what's next. In Canada AirCanada scenario is very popular, Mike likes the AirCanada restructuring story too/links available/
Shareholders lost all, planes are still flying under changed ownership.

Re: Is Nortel Ripe for a Takeover?

Apple — Wed, 05 Mar 2008 19:48:40 -0000

Good points
just I noticed that Canada likes AirCanada story
Get rid off of shareholders, change ownership, restructure under BK laws and start again.
Canadian governments love that!
There is not much sense to pour more $$ into a broken ship taking on water! /losing money fast!/
How much NT lost in last few years?
They arranged $2 bill +2 Bill financing
They sold manuf. to Flex for $700 mill
They sold UMTSfor $300 mill
They sold HQ for around $100Mill
They sold assets and investments
They diluted stock 20%
WTF they are using money for? Bonuses and high salaries?
Golden Parachutes for anyone leaving?
Guess what. The last 12 months will be just ugly!
There is not enough Golden Parachutes for every one!
Some will jump out the plane without benefits.
The first are the best.

Re: Class-Action Lawsuit Payments Coming Soon

Apple — Sun, 09 Mar 2008 16:38:40 -0000

is it 1.23 billion or million?.
must be billion
as the cash part is around $800 mill and 60 mill shares at $7 it is another $420 mill /just rounded numbers/ total $1.23 bill as the article said

Re: Class-Action Lawsuit Payments Coming Soon

Apple — Mon, 10 Mar 2008 19:39:04 -0000

Too bad the original $2.4-billion judgement has shrunk to $1.23-million as Nortel’s share price has tumbled to an all-time low.
============
re
Mark can you make correction in your post, please?
It looks like it's not clear for some, in other words, NT looongs_pumpers are not happy with millions... lol
You supposed to write
Too bad the original $2.4-billion judgment has shrunk to $1.23-billion

Re: Class-Action Lawsuit Payments Coming Soon

Apple — Tue, 11 Mar 2008 16:00:09 -0000

SexyBeast
You work for Nortel?
Good for you!
Just don't blame 70 k ex Nortel employees that they found jobs in profitable companies, 20k of them probably highly educated, maybe 20k were clerical_janitorial jobs.
And we will watch you as long as you are paid from shareholders packets!
STFU and go back to work as I know you blame defrauded shareholders too, that they signed the class action against Nortel's crooks!
I know you will get bonus this year as you did get bonus each year, all the way down to ZERO /NT stock/

Re: Deutsche Bank’s $28 Valuation

Apple — Thu, 13 Mar 2008 22:42:41 -0000

Guys, you are killing me with your jokes...
OK I am not practicing accountant but I know the system.
First you see here only left side of the equation, Assets!
Second it is just estimation of assets.
Third, the estimation is done for an imaginary 2009 year with estimation of earnings
and here is the problem... Lets say Nortel will survive as long as 2009
New cuts of 10 % jobs is admitting that the so called Turn Around Plan does not work!
Any cuts in the past were linearly reflected in lost revenue
example
2001 rev $30 bill 100k employees
2007 rev $11 bill 32 k employees
Question is, will Nortel make profit on lower revenues?
Answer?
and lets go back to the another side of the ledger, Liabilities
What do we have here?
$4.5 bill debt
$3 bill or more Pension Plan deficit
Golden parachutes for fired employees_managers.
service obligations, contract obligations..and so on
Question is who wants Nortel's inventories, or tax credits /still huge/?
so many questions...
btw
did you know that Nortel will have to deliver additional 2.5 mill lines to BSNL?
Total loss on $500 mill deal is estimated /by me/ on $500 mill on revenue of $500 mill in total...
Nortel has to do it! $40 a line!!!! when ERICs got $100 a line and NOK did not want the contract at all!
in 2007 NT reported $39 mill loss on bsnl deal and 2008 will be around $100 mill loss or more...
put it into the question guys! and stop dreaming!

Re: Deutsche Bank’s $28 Valuation

Apple — Fri, 14 Mar 2008 03:19:41 -0000

yaya
Tell me what do you know about apples?
As I see you know nothing about NT stock!
I know for sure you are just another dishonest Nortel's employee who wants to fool investors so he can get fat paychecks and bonuses...
Tell me about it!

Re: Class-Action Lawsuit Payments Coming Soon

Apple — Sun, 16 Mar 2008 14:03:17 -0000

Good....people who play the stock market are generally moronic,
--------
re
BS
You show you have no brain.
Investors pay for your job which you suppose to do for Nortel
Why Nortel keeps the idiots like you on the pay_list?
Go back to your desk and forget about pumping NT stock 24/7!

Re: Deutsche Bank’s $28 Valuation

Apple — Tue, 18 Mar 2008 04:37:32 -0000

Nortel said it plans to cut about 2,100 jobs globally and will shift about 1,000 additional jobs to lower-cost countries in Asia and Europe. The company has just over 30,000 employees now, down from almost 100,000 before the tech bust in 2000.
======
re
lets correct the misconception that nt will cut only 2100 jobs!
NT will fire 3100 employees!!!
what does it mean "shift the jobs"?
answer
Nobody from USA or Canada will go to India or China to work there for half the salary!!!!

Re: Who Owns Nortel

Apple — Thu, 20 Mar 2008 23:56:41 -0000

I see that Wellington fund was smarter. They have dumped half of their stake in NT as the above table shows. Today maybe all the funds dumped half or more of their NT holdings.
btw
I checked it myself and I know it for sure, Brandes and Wellington were just holding NT looong, using Brandes description as hedge fund in connections with NT stock is misleading.
Brandes and Wellington were buying NT as the long term speculative stock. Both funds waited for promised Turn Around Story! Mike Z have just fooled them in the past and today no one believes in Turn the Corner NT story! no one!
Targets are as low as $7 with a reason!
There was that analyst who predicted NT revisiting lowest levels! /Haeley or so?/ He was right!

Re: Umiastowski Encouraged About Nortel’s Enterprise Prospects

Apple — Tue, 25 Mar 2008 00:00:27 -0000

Mark Evans, I think you missed new $100 mill NT deal
http://www.unstrung.com/document.asp?doc_id=148242
I am still in shock!
Can anyone try to tell me how it could happen?
How was it possible that $1.3 bill deal was signed just for $0.5 bill?
Why I would see that_ 4 years ago _and Nortel would not?
I wrote a hundred or so posts calculating the deal and the loss in 2004-2005.
I’ve said it before that deal should be $1.3 bill to have any sense including only 30% profit.
Why the deal around $1.3 bill was signed at $500 mill?
Why?
$800 mill below market and with $500 mill loss!
Are those responsible for preparation_ calculation_ estimation of the deal_ business Plan still working for Nortel?
Will they do it again?
Are those questions important for NT investors?
Look
$1.3 bill vs $500 mill!
CSCO would require at least 60% margin or $1.6 bill!!
Other vendors still suffer the NT_BSNL deal in India!
—————
for new readers on that board
do you need links to see numbers which I presented above?
$1.3 bill contract signed for $0.5 bill ?
How Nortel could do that?
It’s not history! It’s part of Nortel’s future as Nortel will build the last 2.5 mill lines in 2008 with the tag $40 per line when ERIC gets $100/ line deals from the same BSNL!
March 12 2008
http://www.unstrung.com/document.asp?doc…
and 2004
http://www.nortel.com/corporate/news/new…
Can anyone try to tell me how it could happen?
What I am wrong about that?
Prove me wrong here on BSNL deal, all the Nortel’s employees posting here and all the ex-Nortel’s employees!
Mark poll showed you are 75% majority here!
http://www.allaboutnortel.com/?s=bsnl

Re: Umiastowski Encouraged About Nortel’s Enterprise Prospects

Apple — Tue, 25 Mar 2008 07:41:41 -0000

Sad&Confused
I see you have just confirmed my numbers.
Let's ask the questions once again
Why NT will install 2.5 mill lines at $40/line when Erics gets $100 and NOK did not sign $170/line deal?
second question
How much NT will lose on the 2.5 mill lines?
I suspect that bsnl facked NT once again
I suspect that bsnl showed NT the carrot which is another 25 mill lines at $100/line available in next bidding.
I don't know why someone can be so stupid to wait for carrot and lose another $100 mill on that deal?
It's like a Poker game; bsnl is bluffing, idiots! /just my opinion/

Re: Nortel-BSNL: Round II

Apple — Tue, 25 Mar 2008 18:39:54 -0000

Mark E, you have already posted total loss reported few years ago...
read
$327-million of losses on $340-million of revenue, according to Nortel's 2005 10-K
http://www.allaboutnortel.com/2006/10/06/nortel...

You probably don't believe that this $100 mill deal is just the delayed extension of the old deal /$500 mill Dec 2004/
Probably you have no time to check my numbers that NT should ask $1.3 bill for that deal...
why would you care about NT_bsnl numbers, right?
Who cares?
I will stop my care about your blog if you don't care about looking for real numbers...
I know you are busy lately so I will just wait calmly..
cheers!
btw
You can click on my name to see my posts about March 12 2008 $100 mill bsnl deal...if you find time of course...

Re: Nortel-BSNL: Round II

Apple — Tue, 25 Mar 2008 23:07:37 -0000

inalmm
You got it wrong, man.
My point was that Mark Evans knew that bsnl deal lost $327 mill and his above post shows $260 mill only.

India deal is 2 weeks old news now.
I have been providing that link since March 12 2008
http://www.unstrung.com/document.asp?doc_id=148242
so your assumption that NT stock moved up on that news today is probably wrong as well.
not to mention that the $100 mill deal is an extension of the loss-leader deal on which NT's been losing $1 on each dollar of the revenue to this very day.
That's what I wanted to talk about and my posts are available here if you click Recent Tab on the right of that screen and click my name
I talked about that extension in few my posts....last week
btw
If we talk about stock movement, yes, NT longs enjoy few days of recovering their loss. Good for them.
Now, read the article from Unstrung.com ,the reliable source, about that $100 mill deal and come back to say your opinion about the deal, not about the messenger.

Re: Nortel-BSNL: Round II

Apple — Wed, 26 Mar 2008 05:35:03 -0000

Nortel watcher
J.Christ
Don't you ppl understand that bsnl_nt $100mill deal was on March 12 2008?
2 weeks ago!
read this before replying again, please.
http://www.unstrung.com/document.asp?doc_id=148242
read! $40 a line for NT when "normal" price is $100 a line!

Re: Nortel-BSNL: Round II

Apple — Thu, 27 Mar 2008 03:24:17 -0000

Bharat Sanchar Nigam Ltd. (BSNL) has placed follow-on orders with previous suppliers Nortel Networks Ltd. (NYSE/Toronto: NT - message board) and Motorola Inc. (NYSE: MOT - message board) for 5 million lines.
BSNL has ordered 8 billion Indian Rupees (US$197.67 million) worth of GSM equipment, divided equally between the two vendors,
http://www.unstrung.com/document.asp?doc_id=148242
========
re
Nortel_will_survive Raed it again, you liar!

Re: Nortel-BSNL: Round II

Apple — Thu, 27 Mar 2008 03:50:08 -0000

Nortel bid on this BSNL contract to make a profit, not as another loss leader. The $40 price-per-line is simply wrong. The simple math that Apple uses is too simple.
====
re
What math don't you understand?
Simple math is simple.
Do you want to tell me that Nortel will be profitable on $40/line contract?
So tell me how profitable ERICs will be on $100/line deal?
Tell your lies to your mama, simple math is simple!
and you can be sure I know math at the high level as well...
Look, it looks good to claim NT is profitable at $40/line now!
The problem is that it's not true!
There are deals available for $100/line and nobody wanted them /except ERICS/!!!!
Simple math with simple logic tells me that $40/line is the lost court battle of MikeZ vs BSNL!
Mike thought that new CEO does not have to deliver contracts signed by B Owens.
The contract signed on Dec 14 2004 was specific about $340 mill deal and the 50% extension at the same price if bsnl decides so.
Looks like bsnl liked the price!
If there was no trial and the court, that's good for Nortel as the deal is the deal! Nortel would lose even more in the battle! Of course it is my speculation; it is what investing is all about!
Speculation!
Just for god’s sake
Don’t come here claiming that unstrung article doesn’t show $40/ line price and calling me a liar on that!!
I am waiting for simple apology.

Re: Nortel-BSNL: Round II

Apple — Thu, 27 Mar 2008 04:04:54 -0000

Mark Evans
I demand you recalculate the BSNL-NT deal loss
You have to have your opinion on that.
Why did you state NT lost $260 mill in above post? It’s not true!
After 2005 report you were sure NT lost $327 mill on $340 mill revenue /your own blog shows it/ and we had 2006 and new 2007 loss on the deal as well.
Mark Evans, why don't you tell us if March 12 2008 bsnl_nt 2.5 mill lines at $40/line deal is a new profitable bid or just the extension of 2004 loss leader deal. You claim on this blog you know Nortel. I want to see your involvement in the blog discussion. You blame Nortel CTO that he is not available at his blog. I am waiting for your answer here.

Re: Nortel-BSNL: Round II

Apple — Thu, 27 Mar 2008 21:51:48 -0000

Apple, there are no public facts related to the Total Contract Value, Total Number of Lines,
===========
re
What you are talking about?
Did you read Unstrung article?
There is everything there what I need to know and ask my questions_speculation. If you can't add to the topic, why don't you just stfu and wait for someone with IQ to comment.
If we see 13 mill lines and $1.3 bill deal bsnl_erics everyone knows it is $100 a line!
If we see $200 mill deal equally divided to 2 vendors for 5 mill lines we know it is $40 /line deal for NT.
You don't have to come to this blog to stop our speculations, do you?
Is speculating on blogs about companies_deals_stocks permitted in USA?
Yes it is.
What about Canada?

Re: Nortel to Rejig R&D

Apple — Thu, 27 Mar 2008 22:15:47 -0000

Relocating R&D jobs formula is; 1 NA engineer replaced by 3 Chinese engineers with half the cost.
China has $2 bill ppl and hundreds of millions of "Chinese engineers"
So we could see Nortel cutting costs and getting more employees.
OK
R&D was Mike first try!
First months as ceo Mike Z promised a new Plan for restructuring R&D unit.
It has never happened as I know it!
If I wanted to speculate why....
OK Not now... as I will have dozen hate replays for my speculations...
and they call me a hater!
I don't hate!
It's a lie!
I just use my brain cells as I wish and I don't need anyone's permitting for that, do I?
My posts are available on NT message board and you can dig anything there to show me when I was wrong on my speculations...
Mark Evans surprised me once with very good speculation about Q2 2005 Triple Profits as one of the best speculation I've ever seen.
Yes, as you should know, there was no profits in that quarter. Nortel restated that profit into a loss!
Here we get replays from idiots who say we should not speculate!
We should just believe whatever Nortel says_reports to the public!
LoL
It would be funny if investors would benefit somehow from buying NT stock!

Re: Lehman Maintains Rating, Revenue, EPS Estimates

Apple — Fri, 11 Apr 2008 01:23:42 -0000

The Psychiatrist
Your posts are here for anyone to read and see how delusional_crooked you have been about NT stock in last years.
What's wrong with you?
Can you imagine that all the predictions of NT stock critics_bears are fulfilled?
So who needs the Prozac_Zoloft?
Bulls or bears?
NT is 70 Cents stock now! /pre split/
Q1 2008 is coming soon /Friday, May 02/
What's your prediction about NT stock?
Stop talking about posters, talk about NT!
Maybe you want to say anything about "new" $100 mill bsnl deal for 2.5 mill lines?
How much is for one line?
How much ERIC gets for one line?
Is it natural for you that NT signed main bsnl deal about $800 mill below market value?

Re: BT’s PBT Plans in Doubt

Apple — Sun, 20 Apr 2008 16:18:37 -0000

http://www.lightreading.com/document.asp...
But a lot has changed at BT in the past year. The company reorganized itself, began an overhaul of its 21CN processes, and saw the departure of a number of key executives. (See BT Revamps, Creates New Units , Upheaval at BT's 21CN?, Green Leaves BT, Verwaayen Set to Leave BT, and Reynolds Leaving BT to Run TNZ.)
Now there's a new team making key network and technology decisions, and that's prompted a rethink about a number of issues, including the role of PBT in the 21CN, according to sources.
Those re-evaluations prompted BT to issue a new ITT (invitation to tender) for Ethernet technology about a month ago, which, according to industry sources, has a much greater emphasis on MPLS as the underlying network technology for the delivery of Ethernet services, and a decreased emphasis on PBT compared to previous ITTs.
If that is the outcome, it would be disappointing news for Nortel, PBT's chief tub-thumper, and a relief for the trio of MPLS equipment vendors involved in 21CN –
--------------------
Conclusion
We have seen hype and the burst of that PBT bubble the bubble made by Nortel’s propaganda!
It took 2 years for customers to finally figure it out!
Customers are very angry at vendors who misled them about PBT.
Read
http://www.lightreading.com/document.asp?doc_id...
and
NT hyped PBT as low cost alternative solution to MPLS
but the real life_ implementation shows much higher cost at the end...than expected
What happened in Italy?
read and educate yourself... as Nortel is in trouble there..

The Future of Carrier Ethernet: Eastern Europe 2007 -- Carriers looking into the potential of PBT (Provider Backbone Transport) are uncovering hidden costs related to the management of the emerging Carrier Ethernet technology, according to one of the speakers at Tuesday's Ethernet Expo event here in Poland. (See Ethernet Hits Warsaw and PBT: New Kid on the Metro Block.)

When asked about the relative costs of like-for-like MPLS and PBT metro network deployments, Phil Tilley, VP of marketing for the IP division of Alcatel-Lucent (NYSE: ALU - message board)'s Carrier Business Group, said "all the talk about PBT is hypothetical because no one knows how much it will cost to deploy once the control plane and management costs are added. The costs will start rising."
cut
On paper the boxes are cheaper, but in an end-to-end solution we just don't know the cost," said the AlcaLu man -- whose company, while claiming to be technology agnostic, is experiencing significant success and market traction with its MPLS-based routers and is among PBT's main critics. (See AlcaLu: PBT Is Peripheral and AlcaLu Expands Alwan's Role.)

"Some carriers have looked at the cost with management and are rethinking the whole thing," added Tilley, without identifying any operators.

cut
According to industry sources, BT has encountered some PBT service set-up problems in Italy, where it is deploying PBT initially using Nortel Networks Ltd. (NYSE/Toronto: NT - message board) Ethernet switches. BT is also believed to be finding that the costs associated with PBT deployments are not quite as attractive as first envisaged,

Re: Tough Q1 Expected for Nortel

Apple — Sat, 26 Apr 2008 20:42:59 -0000

The only deals in recent memory have been BSNL GSM and the one that just completed lost 250M+....
==============
re
Nortel has reported $366 total loss on bsnl deal so far and "new " $100 mill extension deal is in progress in 2008 2.5 mill lines with average $40 a line when ERIC gets $100 a line.
/links available/
There was no bidding on the extension as I know it.
Question is why NT is "dealing" with bsnl in 2008?
Last big deal, wireline deal with Verizon, Jan 05 2004 was never delivered. /LOI/

Re: Papageorgiou: Nortel Gets a Credibility Boost

Apple — Tue, 06 May 2008 03:25:50 -0000

First
NT lost 32 Cents if we use the same number of shares as one year ago /before 15% dilution/
The loss is the loss. Mark Evans posted a table with analysts expectations for Q1. Not even 1 analyst predicted 32 Cents loss!
Loss is a loss
On top of it NT lost $309 mill cash this quarter.
and $1.3 bill in last 12 months
Losing cash is not a joke when we know more Pension Deficit will be paid in 2008 and there is debt due in 2008 too /some say $700 mill, some say $1.3 bill, maybe we can use this blog to find out debt obligation in 2008/
Cash was low and is getting lower.
When NT will turn green?
One time restructuring costs in most companies has been reported quarter after quarter in last 7 years by Nortel!
and as always, Nortel paid bonuses and it was the last nail to the Q1 balance sheet!
Showing higher revenues with higher loss, that's what Nortel is good in; selling below costs!
BSNL deals are just perfect examples.
NT takes $40 a line when ERICs gets $100 a line from BSNL!
I am not surprised NT is trading below $1 /pre r.split/

Re: Papageorgiou: Nortel Gets a Credibility Boost

Apple — Wed, 07 May 2008 23:33:43 -0000

Improving_NT , tell me, how simple math can confuse you?
Simple calculation says that 437 mill shares times 32 Cents loss a share is $140 mill total loss.
and 500 mill shares/ just diluted/ times 28 Cents a share loss is also $140 mill loss.
Loss is a loss!
Look at CSCO
Why they grow 10% YoY and have $2 bill profits each and every quarter?
I know, Nortelies don't like good business, they don't like CSCO!
Nortelies like to report numbers not in GAAP!
Operational margin is not GAAP number!
4% 8% whatever.
Show me growth and profits!
Show me cash improvements!
Oh not at Nortel.
NT lost $310 mill cash last quarter and $1.3 bill in last 12 months!
When CSCO and other vendors are loading cash each quarter no matter the market conditions, NT is losing it and has been doing it for years! /ages?/
There is millions for Mike Z and billions for bonuses for all the employees!
What can you do?
Let shareholders pay that!

So who is posting here to confuse a common shareholder?
Let me ask the other way..
please find one my post I was wrong or lied about NT stock in last 5 years! It should be easy for a smart guy like you!
Don't come here empty handed!

Re: Conference Call Etiquette?

Apple — Thu, 08 May 2008 23:46:27 -0000

Duncan, I was so upset with your sell side analysis in the past and I was wrong.
It was about other tech company, and you were just right.
It is so difficult to accept the truth when you are just a believer...
I agree with you on NT. I've been bearish on NT in last 5 years.
I still don't see any positives about that stock for the future...
I've said sell NT and buy aapl /in last 5 years.
AAPL is high priced and deserves all the money investors pay for it.
Duncan Stewart , you are an icon of the stock market.
Thank you for sharing with us on this blog.

Re: New Shares to Hit the Market

Apple — Wed, 14 May 2008 17:07:41 -0000

Published: Wednesday, May 07, 2008

Nortel Networks' depressed share prices could face even more pressure in the coming weeks.

The reason is that 33 million company shares will be distributed by the end of June to investors who lost money in the 1999-2003 accounting scandals. The shares represent about eight per cent of the company stock and follow a distribution of 28 million shares in the first four months of 2008 that helped drive down prices by 44 per cent.
=====
re
can you read that carefully, please?
info
1. 28 million shares distributed in the first four months of 2008 that helped drive down prices by 44 per cent.
2. 33 million company shares will be distributed by the end of June 2008
comment
now we know why NT collapsed in 2008!

Re: Number Crunching on NT

Apple — Thu, 15 May 2008 04:38:19 -0000

Let's revisit Frank Burch and his Strong Buy advice posted here before Q1 2008
We know that Q1 was not profitable, once again, and the stock has been falling down in 2008 because Frank neglected 14.5% dilution
Ottawa Citizen article explained lately why NT stock lost 44% value in first 4 months_6% new shares distributed so far
Oh look Frank, I listed 14.5 % dilution in my bearish on NT post as nr 1 on my list for investors to consider....
Does it tell you anything?
Do you know that second step is to distribute another 8% to small investors before July and Ottawa Citizen is bearish on that as well...
What about other points I listed above?
look at point nr 3 I listed
Q1 2008 report says that NT had to use cash to pay part of the total $350 mill PensionPlan deficit obligations for 2008 and it was one of the reason NT reported their loss.
Instead of admitting being wrong, Frank stated that all analysts and stock market is wrong about NT.
Very funny and entertaining as watching Don Quixote. Thax Frank

Re: Number Crunching on NT

Apple — Fri, 16 May 2008 22:47:21 -0000

re Frank

Six big losers on NT
1. Brandes $155 mill loss
2. Capital World Inv $149 mill
3. Wellington $98 mill
4. Growth Fund $ 87 mill
5. Dodge and Cox $ 79 mill
6. Frm Corp $31 mill
You can find it here
http://www.mffais.com/nt.html

Ottawa Citizen published that
http://www.canada.com/ottawacitizen/news/bustec...

Showing that selling “new shares” 6% of total dilution
Was the cause for NT to collapse in first 4 months in 2008

Read
Bert Hill, The Ottawa Citizen
Published: Wednesday, May 07, 2008
Nortel Networks' depressed share prices could face even more pressure in the coming weeks.
The reason is that 33 million company shares will be distributed by the end of June to investors who lost money in the 1999-2003 accounting scandals. The shares represent about eight per cent of the company stock and follow a distribution of 28 million shares in the first four months of 2008 that helped drive down prices by 44 per cent.
=========
As you see,. 14.5% stock dilution wasn’t in NT stock price… when you settle in 2006 and distribute the shares in 2008, market does not remember that it was already in.
Who would you blame for such delay?

Re: Nortel Reaffirms Outlook

Apple — Wed, 21 May 2008 19:02:21 -0000

Frank
You suggest that nothing is changed, don't you?
Why you are so bias on NT?
Are you one of Nt's employees_managers?
You must be one of them....
-----
How about 4% turned into 10.75% ?
Does it tell you anything?

It does tell me that NT has the junk status ratings at Moodys nowadays.
It means that NT stock is high risk investment. Do you agree with NT stock as very high risk? Probably you are ready to hype NT stock no matter what as all dishonest Nortel's employees do each and everyday, everywhere...
I say there is the light behind that tunnel!
There are good companies out there ready to hire all good and honest Nortel's employees!
Stop your lies about NT stock and Nortel company!
We know that company very well! At one point NT hyped its stock to $300_400 bill market cap on false profits and expectations /they did not have enough installers John Roth reported/
Today NT is $3.5 bill market cap and Market is always right!
I think odds of winning in Las Vegas are much better... just my own opinion about that POS stock.
What a shame!

Re: Nortel Reaffirms Outlook

Apple — Wed, 21 May 2008 19:34:47 -0000

I forgot to mention about cash Nortel is going to use as well...
I remember $800 mill due in 2008 so Nortel will use_lose $300 mill cash as well..
Frank, does it tell you anyting about Nt stock?
Or maybe we can go back to fundamentals...
When Nt can be a profitable company?
Stop your BS about operating margins! It's not GAAP number!
When I look at NT stock I see $2 loss a share in last 12 months!
$8 stock with $2 a share loss!

Re: Good Week for Nortel

Apple — Fri, 23 May 2008 21:15:43 -0000

NNemployee: You are correct...things are alot better and NT is a new Company. Don't listen to these cranks...they want NT to fail...bitterness, bad feelings from the past, greed and probabaly substance abuse drives their bizarre comments. Post when you have some good thoughts on what is going better.
=========
re
Frank
Do you say better?
Does it mean they are good now?
Why don't you answer my question?
Why you are so bias on NT stock?
Why you post so much hype when the real world thinks that NT stock is POS and values NT as $3.5 bill market cap company?
You are a dangerous person, man.
You can be responsible for millions investors losing their money buying NT stock on your stupid advice! Strong Buy my a$$! Show me the real numbers!
Yes, I say stupid and I can prove it!

Re: Liveblogged: Mike Z.’s Keynote

Apple — Wed, 04 Jun 2008 01:18:17 -0000

at $32 a share NT was $15 bill company, was it not? /when Mike Z took over/
now it's $4 bill market cap company, isn't it?
yahoo says it's Market Cap (intraday)5: --$3.69B
with rev of $11 bill!
It must be something wrong!
Question is
What's wrong with NT?
Why markets value NT at $3.69 bill only?
Bo Gowan will tell you here that there is nothing wrong.
Am I right Bo Gowan?
Lets Buy more of NT stock!
Stock market is WRONG about NT!
It's not true that PBT is dead!
It's not true that 4G is just the buzzword!
It's not true that HW and ZTE are bigger than NT now!
/just check huawei.com what customers think about their offers!/

Re: Analyst Day, Hurray!

Apple — Thu, 05 Jun 2008 01:35:24 -0000

Maybe someone will ask Mike Z about PBT once again and the impact on expected revenues in 2008-2009.
Nokia Simens is out of that market.
NSN and NT were the engines to push PBT into markets.
Today NSN is out!
read

But the CEO was prepared to comment on PBT: Siemens was one of the British carrier's named PBT suppliers that is now looking at a near-empty order book following BT's decision last week to switch its focus to MPLS. (See PBT Sidelined at BT.)

While Nortel Networks Ltd. (NYSE/Toronto: NT - message board) is focusing on PBT opportunities with other carriers, Beresford-Wylie is unfazed by BT's decision. (See Nortel: There's More to PBT Than BT.)

"Some of my guys were saying a year ago that it wasn't worth pursuing, and it seems they were right." And Scholz added that it is no longer an area of R&D focus for NSN. "We considered it and decided to focus on MPLS," stated the CTO bluntly.
-----
http://www.lightreading.com/document.asp...
btw
Mark E, are you avoiding talking about PBT&Nortel, BSNL&Nortel?
So many new developments and you are just comfortably silent.

Re: Analyst Day, Hurray!

Apple — Fri, 06 Jun 2008 04:35:11 -0000

May 31 2008
Basic electronic equipment is being replaced in all the 101 BSNL towers set up across Jamshedpur. According to a highly placed source in BSNL’s Jamshedpur secondary switching area, BSNL was earlier using Nortel equipment, but now the department is using Ericsson equipment.

“We are replacing Nortel machinery with Ericsson equipment since the past one month. We expect the work to be over by mid-June,” said R.K. Mishra, the general manager, BSNL, Jamshedpur.

Sources said the replacement work is being carried out in full force and the disruption in connectivity was fallout of this work.

The department has to suspend the functioning of the BSNL mobile tower to carry out the work.
http://www.telegraphindia.com/1080531/jsp/jhark...
It would be interesting to know why ERICs got the job to replace NT gears at BSNL.

Re: Mike Z. and AAN?

Apple — Fri, 06 Jun 2008 20:33:27 -0000

Mark, I see you are between a rock and a hard place.
I accuse you of avoiding very important topics like BSNL deals and mishaps, betting on PBT which is basically dead /telcos and vendors are pulling out, BT, VZ, ERICs/
Let me hint you about BSNL
I posted that link here and I hope you know the story
May 31 2008
Basic electronic equipment is being replaced in all the 101 BSNL towers set up across Jamshedpur. According to a highly placed source in BSNL’s Jamshedpur secondary switching area, BSNL was earlier using Nortel equipment, but now the department is using Ericsson equipment.
==============
in my opinion these are the towers just installed by Nortel in that 2004 $500 mill deal.
1 Why Nortel did not fix the problems?
2 How much it will cost and who will pay for that?
3. Will Nortel be permitted to bid for Next BSNL extension or 93 mill new lines?
I don't think so!
Why BSNL would risk business with Nortel yet again?
Customers are watching Nortel. Maybe I am one of them....who knows?
It's a pitty that Nortel takes $40 a line contracts when ERICs gets $100 a line.
Nortel proves the old saying... You get what you paid for....Jamshedpur.is a sad example of that!

Re: More Thoughts on Nortel

Apple — Sat, 21 Jun 2008 20:39:26 -0000

Stewart suggests that while it’s an interesting strategy, “I wouldn’t buy Nortel based on this tactic at this time - but I am keeping my eye on it”.

===========
re
Ya Ya
Interesting strategy.
I know Duncan, for loong time.
Sure, he is a smart analyst. Basically he says that NT stock is Sell / not Buy/
Basically he doesn't believe in any advantage Nortel has in "Green technologies" or :"Greener technologies"
Other vendors are working hard to reduce power consumption as well. Lets look at Huawei.
http://www.huawei.com/news/view.do?id=5405&cid=42
Huawei Launches Solution to Cut Base Station Power Consumption
[Shenzhen, China - January 18, 2008] Huawei Technologies Co., Ltd. ("Huawei"), a leader in providing next generation telecommunications network solutions for operators around the world, has announced that it has launched a new solution that can reduce base station power consumption by up to 60%. The Green Sites Solution, uses optimized hardware design, an innovative power amplifier and power consumption management to help operators realize a high level of power saving.

Reducing the power consumption of base stations has emerged as one of the key concerns of telecom operators around the globe. Huawei's Green Sites Solution adopts leading power amplifier technologies, including DPD and A-Doherty, that boost the power efficiency of base stations by 45% reducing the overall power consumption of the facilities. It also uses a distributed architecture that allows 20W base stations to have the same output frequency coverage as traditional 40W base stations and high-efficiency power amplifier technologies that make convection cooling, direct cooling, and intelligent cooling technology in a base station possible. This reduces the need for air-conditioners that cause noise pollution and helps to reduce a base station's electricity consumption to less than 500W. Huawei's Green Sites Solution is also able to be integrated with environmental friendly energy sources such as wind, solar power, and methane.

"Huawei has always been committed to looking after the environment,"
=========

Take a look
Huawei marketed their Green solutions in January.!
I would say Nortel just tries to catch up with their marketing slogans. That's right. Slogans. I can't use stronger words here like propaganda because Mark Evans does not like strong words posted on All About Nortel Blog. That's the only reason I will not say so. I won't comment on last week news that RCMP criminally charged Nortel's crooks for the same reason. Mark Evans has Nortel's ads on his blog and it would make selling ads more difficult for Mark if he accepted real and truthful critics of that stock or that company. In my opinion, truthful critic of anything can only improve situation. Cover up of Nortel's frauds is not an issue anymore. Trials are coming. Trials are needed just to separate trash from treasure or in other words crooks from good managers. Public has been waiting long for that. Customers want the clear picture as well. Investors will continue selling NT stock if they don't get answers for troubling questions. Who, What, Why, When?

Re: Bullish Toronto Star Story Vanishes

Apple — Mon, 23 Jun 2008 13:23:27 -0000

Lucky for frank he wasn't in the US. The feds would have shackled him and marched him out on his toes.
====
re
I think he is out on bail. How much he paid, anyone?
but still the criminal charges are very strong

Re: Nortel Embraces Being Green

Apple — Sat, 28 Jun 2008 04:37:24 -0000

Productivity improvements, savings and other efficiency measures are good if you are working in the right direction to begin with and fairly useless if you are not.
re
Mike Z had a dream that WiMax and PBT will be a main engine for growth of Nortel. His dreams on these 2 segments are over as I understand,
Market has relaxed a bit when Mike Z woke up to reality.
Now, Mike Z and CO presents another dream. Teleworking!
It looks like Mike has read the same Si-Fi books as I did.
Good for him. He will always get his millions as long as he is CEO. What about shareholders, employees, customers?
an example
Lets Google wimax+nortel to see what I am talking about...

Re: Nortel Embraces Being Green

Apple — Sat, 28 Jun 2008 23:31:53 -0000

Market has relaxed a bit when Mike Z woke up to reality.

Wrong. The market is "relaxing" because the market is sick
============
re
wrong what? or who?
It's not what I meant.
I said market reacted positively to NT stock on the day Nortel announced dropping own WiMax development; the day Mike Z stopped dreaming about WiMax as one of the growth engines for Nortel company. How much money Mike Z wasted on WiMax at Nortel? I've never pretended to know all the markets of all stocks_global economy but I know a bit about few stocks as you may know....
You are right that in the bear market bad stocks will do very bad /NT as an example/ and good stocks will do much better for shareholders /AAPL as an example/ If you are so sure about global economy going into recession you probably will use it in your plays on bad stocks as they should reward you nicely. Thank you for sharing your global views with us.
Lets Google wimax+nortel to see what I was talking about...
http://www.google.ca/search?client=firefox-a&rl...
The links should show what was the WiMax dream Mike Z dreamed about and what happened to his dream.
Have a nice day.

Re: Nortel Needs More Rudolph Kriegers

Apple — Thu, 03 Jul 2008 08:59:40 -0000

Morgentaler?
Is it that fella who kills unborn babies?
I hope I am wrong..

Re: Q2 Results: August 1

Apple — Mon, 07 Jul 2008 07:57:58 -0000

Another Nortel Watcher
Mark Evans promised to add all Nortel loss on bsnl deal, to find all reported loss..
in my estimation Nortel will lose around $500 mill on $500 mill 2004 deal....
simple math shows that the deal should be priced above $1 bill. How much above to get nice profit? Up to you....$1.3 bill?
Why Owens signed for $500 mill in 2004?
Why he lost so much on the deal?
In March 2008 Nortel took 20% extension of that deal... 20% from $500 mill was $100 mill... no bidding required if extension is less than 20% of a previous deal...but somehow NT gets only$40-$60 a line. Erics gets around $100 and Nokia wanted $170 a line and walked away from the deal!

On July 16 BSNL will open and disclose new bidding... Nortel probably will bid too... This time Huawei and ZTE will get their foot in bsnl..Will Nortel get something_anything?
Huawei is bigger than Nortel now and ZTE is just behind...
In this post Mark Evans wrote
http://www.allaboutnortel.com/2007/11/26/bsnl-l...

a GSM/GPRS deal to expand Bharat Sanchar Nigam Ltd.’s wireless network - a project pushed by ex-CEO Bill Owens despite the objections of ex-COO Gary Daichendt, who correctly believed it was an uneconomic proposition.
==========
we know that Gary resigned and Owens retired.
Will Nortel try to bid fair this time?
bsnl estimates that new deals should be around $70 a line
so why Nokia estimated $170 to be profitable?
Owens taking that deal below costs in 2004 made mess for all vendors.
Nokia Siemens CEO Slams 'Silly Pricing'
JUNE 04, 2008 LightReading

Re: Nortel-BSNL: Round II

Apple — Mon, 07 Jul 2008 23:24:21 -0000

Apple,

The loss seems like a bit of a moving target - different places cite different figures - but I will do some digging and come back with an accurate number.

Mark
====
Mark, did you do the digging?

Re: Nortel-BSNL: Round II

Apple — Tue, 08 Jul 2008 21:44:48 -0000

You're right, it is a moving target. The most accurate number that I've seen suggests Nortel lost $308 million on revenue of $248-million in 2004/2005 from the BSNL contract, which was originally worth $500-million before Nortel moved to scale it back. This information comes from Nortels 2005 annual report.
======
re
Mark, if what you said were true it would be even worse than loss/revenue ratio I present...

Your ratio shows much more than $1 loss on $1 revenue.
I remember NT reported about $340 mill in revenue from that deal /and the loss was $327 mill at that moment... probably end of 2006/
Do you know that Nortel reported another loss in Q1 2008 on BSNL? I think it was around $30 mill.
I have no time to dig it now.... anyone can comment on the Nortel's losses on BSNL deal? The Owens BSNL deals...

Re: Q2 Results: August 1

Apple — Tue, 08 Jul 2008 23:48:58 -0000

Don't worry, Observer
It's only one of many blogs... and it shows That this blog is going down to the drain right with NT stock and Nortel's advertisements on this blog...
There are other publications and if Mark wants to publish for public he should think before being pushed by crooked Nortel's supporters into such situation that he lets the Psychiatrist attack me here but doesn't keep my reply...
They put words into my mouth, example that I have friends in Nortel, or know Nortel's engineers, or have inside info...
How pathetic and low it is?
This is a blog about publicly traded company.
I think I have rights to post my critics about NT stock on publicly accessible boards to warn my extended family about the stock, to share my views with friends...
What's wrong if I feel that NT is a good stock to short?
Maybe Mark Evans can answer that one?
I dare Mark Evans or anyone, to show my post on a public message board that was wrong or misleading about NT /or AAPL/ in last 5 years!
NT is 70 cents now and AAPL is $360 for your information /pre split/
Nortel's misfortunes can be blamed on Nortel!
It's time to admit that!
Maybe Criminal trials will show something we don't know? RCMP charged ex_Nortel's managers with criminal acts.
Maybe SEC vs ex-Nortel's managers will expose how Nortel was doing business_accounting?
I hope so...
I have been waiting for both trials for a long time...
It so easy to search and find my post here or anywhere, and it is easy to find posts bashing me... who was right about NT stock in last 5 years and who was bashing critics?
I stand behind every word I've posted!
Some posters think it's OK to fool investors.
It's the game! Right?

Re: Q2 Results: August 1

Apple — Thu, 10 Jul 2008 23:03:17 -0000

Mark Evans
as You see 3 days ago The Psychiatrist replied to my post
So where is my post?
It was here as you see.
Is my post missing or you deleted it?
Are you deleting my posts? and another question about your blog
Why did you start approving posts on publicly accessible message board?
What criteria you use to do so?
If we knew the criteria we would follow the rules in discussing NT stock where the bulls and bears should have equal rights.

Re: DBRS Upgrades Nortel Debt Trend

Apple — Tue, 15 Jul 2008 22:29:06 -0000

How it is that when Bears celebrate NT at all time lowest levels there are still Bulls who will pump NT no matter what? I see hundreds of investing red flags and don't really see those optimisticfuture profits.
NT is at 60 Cents pre split with $3 bill market cap, with falling revenues and losing money, no profits! July 16 BSNL should announce winners of their $7 bill deals. Wait and see how much Nortel can get there?

Re: Nortel’s Asian Ambitions

Apple — Sat, 19 Jul 2008 04:37:39 -0000

BSNL has a new offer, 93 mill lines at $70 a line
I posted it here that July 16 would show who was the winner
wait and see
and Yes, BSNL is in Asia!
Nortel bragged about reducing costs in India so this time it should end up better than $1 loss on $1 revenue.
Problem is that NT has to compete for those lines with Huawei and ZTE, so sad!
NOK is just laughing at them /silly pricing!/
btw
If Nortel was able to reduce costs 50% it still will be 50 Cents loss on $1 revenue /simple math/

Re: Nortel’s Asian Ambitions

Apple — Sat, 19 Jul 2008 18:47:34 -0000

there is not much sense in that
opening bids on July 16 and awarding contracts in 6 months; why would it be such a delay?
Does it mean that nobody will know who bid what for the next 6 months?
As I know, BSNL needs new lines right away
As I understand BSNL, the lowest bidder will start installations right away./up to 50 mill lines for one company!/
As I know ZTE is first to get the most, Huawei is second...
What Nortel and Motorola can do this time? That is the question!
Erics charges $100 a line / it will be difficult for ERICs to get anything this time/ and NOK is just laughing at the "silly pricing" in India as CEO said and reported nice profits last quarter!

Re: DBRS Upgrades Nortel Debt Trend

Apple — Thu, 24 Jul 2008 08:06:10 -0000

BSNL update

BSNL Delays New GSM Tender

JULY 23, 2008

Indian service provider Bharat Sanchar Nigam Ltd. (BSNL) has held open the bidding on its massive GSM contracts to accommodate questions from vendors, once again delaying its much-needed network expansion.
The deadline for vendors to submit their bids has been extended from July 16 to August 30 so BSNL can address more than 21,000 requests for clarification on the conditions of the tenders, a company official told the Hindu Business Line.
The tenders, issued in early May, call for the supply of 93 million subscriber lines -– 75 million GSM and 18 million UMTS –- and could be worth at least $6 billion. (See BSNL Floats New Mega GSM Tender.)
News of another delay in the carrier's network expansion is hardly surprising -- its previous attempt to award large-scale contracts was held up repeatedly and eventually resulted in a reduced contract being awarded to Ericsson AB (Nasdaq: ERIC - message board). (See BSNL Lines Up GSM Options.)
That left BSNL with a shortfall in the extra equipment needed…
More
http://www.unstrung.com/document.asp?doc_id=159821

Re: “Challenging” = Tough Times

Apple — Sat, 02 Aug 2008 18:55:42 -0000

Highlights of Q2 2008

1. Deferred revenues are decreasing fast; deferred revenues declined $580 mill ytd,

“The deferred revenue balance, as at June 30, 2008 of $2,529 million, decreased by $314 million during the second quarter of 2008 and decreased by $580 million year-to-date.”

2. New orders declined around $500 mill /future revenues/ in just q2 2008 and in my opinion it’s not only Sprint responsible for lower orders!

“Orders were $2,153 million in the second quarter of 2008, compared to $2,683 million for the second quarter of 2007, and $2,548 million for the first quarter of 2008. Compared to the second quarter of 2007, orders were primarily impacted by lower CDMA orders in North America and lower orders from the LG-Nortel joint venture.”

3. Domino effect could be next as Mike Z warned yesterday

Environment and Outlook(b)

Nortel faces a challenging business environment with increasing risk due to general macro-economic weakness, continuing competitive pressures and potential of further reduced capex spending by key North American CDMA customers.

4. Nortel plays games with investors fooling them into believing that revenues are increasing, margins are increasing; so why the loss Tripled?
Logic should be that with increased rev and improved margins loss should be smaller or profitability should be reported…
Nope, loss tripled in q2 2008

5. Another bad news was about cash

"Cash balance at the end of the second quarter of 2008 was $3.07 billion, down from $3.22 billion at the end of the first quarter of 2008. "
and
- Cash balance, as at June 30, 2008 of $3.07 billion, included an outflow of cash from operations in the quarter of $74 million.

6. Congratulations to all Bear posters on NT stock

You were just right in your research of NT stock. You protected your families and friends from investing in that gravy train going to the last station.
bears vs bulls war continue on all message boards and blogs but NT stock is one of the most entertaining. The stock is pegged at $3 bill and trading at 65 Cents pre split
There is a reason for that.

Mrs Russo resigned her CEO position after few quarters of disappointing numbers.
Will Mike Z do the same?
How Mike can reverse falling stock to protect investors?
I know
Mike will get more $$ for good margins he created_presented and even used own name for them.
My comment as above
Too bad that better margins don’t bring good fruit, what’s wrong with the numbers, Mike? Do you want to ride NT stock to zero and use AirCanada scenario?
Bears here or there will protect own friends no matter what tricks you use.

Re: “Challenging” = Tough Times

Apple — Mon, 04 Aug 2008 02:17:04 -0000

I found some answers for my nr 4 position in the Highlights
Deferred revenues
read what analysts say about that revenue.
"Some analysts questioned whether Nortel could deliver on its promises of growth.

"We are taking a more conservative approach considering that the macro environment still remains challenging," said Mark Sue, an analyst with RBC Dominion Securities.

A growing concern to some is Nortel's reliance on deferred revenue. The company booked $314-million of previously deferred revenue in the second quarter and said it will book an additional $350-million in the fourth quarter, meaning it may recognize more than $1-billion for the full year.

"The deferred revenue is being pulled off the balance sheet, and it's not quality growth or organic growth," said Kenneth Muth, of Robert W. Baird & Co. "That's where the stock is reflecting that it wasn't a clean quarter."

The deferred revenue is coming from software and service contracts signed in previous years for which Nortel hadn't defined "fair value" at time of delivery. While deferred revenue is common for equipment suppliers selling to phone companies, the amount Nortel has this year clouds both how much new business the company is generating as well as profitability. Costs of this revenue were recorded at an earlier time."
SIMON AVERY
http://www.globeinvestor.com/servlet/story/GAM....

my comment
We all remember $3.5 bill and $1.5 bill revenues removed from the years 2000-2003 as recognized too early /restatement nr2 and restatement nr3/
So that revenue became deferred revenue on Nortel's books after restatements. I guess new CFO started to recognize that revenue in 2008 in big chunks. Sure thing is that restated revenue has to be recognized on the books again as sales. As we see it would be as much as $1 bill of recognized deferred revenues in 2008 including revenues from restatements.
That's why analysts were pondering Mike to answer if Nortel is growing organically.
Will analysts accept single digit growth on paper or will they not? Does Nortel have to explain def. rev. or does she not? It's another question.

Re: Stewart on NT

Apple — Sun, 10 Aug 2008 09:09:20 -0000

Stewart takes a temporary slowdown in spending by Sprint and turns it into a continuous 10% CDMA decrease and somehow thinks that CDMA spending will go down 10% until it's zero. It's a one to two quarter Sprint problem. They will ramp their spending...they have to if they want to survive. Stewart is a legend in his own mind! I've had the misfortune of talking to him and hearing about his vast history and experience in covering NT. Nice earing!
=========
re
Duncan is one of the best _proven right_ analysts we have ever had.
But lets do the math
$500 mill one quarter lower orders is not related to Sprint only.
Nortel sells around 10% to its biggest customer Verizon.
10% of the quarter revenue is around $250 mill
plus another big customer, lets say Sprint $150 mil, plus another $100 mill is now around $500 mill loss in orders for Q2 2008
Here you go, simple math.
Q3 is expected the same isn't not? /lower orders/
and what about Q4? ....what about next year? Are you sure Nortel promised growing orders in 2009? haha, I did not see a promise.
Or
How can you expect growth with declining orders? That is the main question.
How Mike can show growth with declining orders?
I say 2008 growth is a blatant lie and every one with brain knows it.
Q2 CC transcript
Paul Silverstein - Credit Suisse
Thank Mike, Pavi, I was hoping for a little bit more insight on the development of the book to bill, is that all related to wireless to Verizon's plan? Were there other aspects, other pieces of business and the weakness?
Mike Zafirovsk
Very good question. We try to be as transparent both in the press release and in the comments given today. In short the answer is yes. The book to bill on non-carrier was [one out]. And we know and – the short answer is yes and I think based on the [reward] documents and activities over the last number of months and weeks, but yes.
Paul Silverstein - Credit Suisse
Yes.
===========
book to bill?
It is around 0.82 now! /Is it not? I know it is./

The book-to-bill ratio is the ratio of orders taken (booked) to products shipped and bills sent (billed). The ratio measures whether the company has more orders than it can deliver (>1), equal amounts (=1), or less (<1). This ratio is of significant interest to investors/ traders in the high-technology sector.
So in conclusion
Orders are declining with the speed of 25% !
or $500 mill a quarter!
==============

Re: Stewart on NT

Apple — Sun, 10 Aug 2008 21:31:48 -0000

bb I concur with you as you know something about G Orwell as I do

Re: Nortel’s Q1 Results: Not Too Shabby

Apple — Thu, 14 Aug 2008 23:04:02 -0000

=
inalmm
I am wondering to see the comment of Analyst Mark Sue who issued a sell with a target price of $7, whereas now the stock is currently trading at +$9. Moderator, could you please post if you come across.
--------------------
re
inalmm you posted it 3 months ago...
you tried to bash Mark Sue about his 12 months NT target of $7
What can you say today when NT is trading at all time lowest levels? around $6...
Can you come back here and admit, you did not understand market and NT stock but Mark Sue target was better than perfect?
and all the idiots supporting you in this chat room.
They hype NT stock no matter what and bash investors who know that NT stock is going under!
We know who the bullies are.
Q2 2008 report uncovered sharp orders’ decline and unusual deferred revenues recognition to cover up losing customers.
Nortel is going to use $1 bill in def rev in 2008!
I know for sure /statistics/ that declined orders in Q2 2008 translate to 3 biggest customers lost /speculation/
In other words
Nortel lost 3 biggest customers in Q2 2008 or the size of orders equal to 3 biggest customers. /for purpose of my speculations both statement are the same/
Inalmm, come out of the closet and admit you were just wrong about Mark Sue, same as Broadbandbill did about Duncan Stewart
He apologized for that.
His apology has been accepted.
I defended Duncan St right away.
http://www.allaboutnortel.com/2008/08/09/stewar...

Now I fight for Mark Sue

Re: Nortel’s Margins Expected to Improve

Apple — Wed, 03 Sep 2008 02:14:25 -0000

No one should be so stupid to believe Margins Improved;. after Q2 2008 CC.
Mike Z reported better margins, so why the loss tripled?
Answer is simple, deferred revenues improved margins.
How much deferred revenues Nortel will use in 2008?
I don't care, as Nortel is not clear about deferred revenues. No one knows what they are and where they are from? I remember that restatements pushed revenues into deferred revenue charts; as much as $3.5 bill+. Is NT improving current margins by recognizing revenues from the years 2000-2004,5?
One sure thing is that Nortel lied about single digit growth in 2008.
Yes lied. Analysts wanted Mike Z to admit that. Nope, he thinks he is smart by lying!
How Nortel business can grow if new orders decline with high speed?
In Q2 2008 new orders declined 25%
In Q3 we don't see any big orders at all. Nortel lost in China, Nortel lost in Vietnam, lets see if Nortel can get anything from BT or Verizon, or Sprint, or BSNL $7 bill contract....
Why Nortel thinks its OK to fool new investors into believing that Nortel is growing?
Just look at the job cuts!
It's been always true that NT's real revenues were in relation to employment!
100k employees and $30 bill in revenue
30 k employees and $10 bill in revenue
and the job cuts are not finished yet.
In Q4 2008 Nortel will have to cut yet another 3-5 k !
That's just simple math and simple logic.
You can mark my words.

Re: Nortel’s Margins Expected to Improve

Apple — Wed, 03 Sep 2008 02:44:21 -0000

I don't care where the deferred revenues come from, just say so.
How much deferred revenues NT recognized from the years of restatements lately?
OH, you won't tell us. Your posts are here. Anyone can read them.
If you are so knowledgeable, why you are so wrong all the time?
I don't want to suggest here anything about you!
And just answer one simple question
If new orders declined so much how Nortel can trumpet single digit growth this year?
How?
just because deferred revenues?
Analysts rejected your approach to accounting after Q2 2008. You know that!
Look at NT stock!
Stop misleading investors, public, me, my family and my friends!
It's not funny if Nortel's fools new investors!
look at NT's chart!
Look at new orders!
Why don't you know how to sell with profit?
What will you do next?
Ch11 and get zero for common shareholders?
Is it funny for you?
Is it funny for you to cut so many jobs?
Why Mike Z did not sell NT loong time ago with premium? It would be around $50 a share.
Why BOD does not do anything to take care of common shareholders?
I know why.
Because it's Nortel!

Re: Looking for a New Look

Apple — Sun, 07 Sep 2008 03:48:33 -0000

Mark
I loved your first blog
It was clear to navigate, scroll, sort and easy to see the thread of replies.
Can anyone tell me how to setup this blog to see the thread?
Look
I just clicked here on the category
Contract wins
Is it important cat or not?
Guess what I found in your blog about Nortel's contract wins!
You posted just 3 times this year under that category and one of that wasn't a win.
check yourself!
contract wins in 2008!
Wasn't your blog supposed to be All About Nortel?
it shows your real face, does it not? /ironic/
In my opinion, nobody can be perfect but anyone can be a source of entertainment, be it by reason or just by an accident.
Which one you are in, Mark?

Re: Looking for a New Look

Apple — Sun, 07 Sep 2008 22:18:03 -0000

Contract wins are contract wins
You posted just 2 contracts this year. What can you do? Post about few trials and small wins? A school here a hotel there? You can check if you posted it here and did not get to the category. Nortel does not get contracts; Nortel loses customers. That is what I wanted to point out. Last quarter Nortel lost $500 mill in new orders. Maybe you would tell me why Mike Z trumpets Nortel's growth when even a child see that Nortel has no wins. How many customers declined to buy from Nortel? $500 mill in one quarter represents more than 3 biggest customers in simple math or simply 25% decline.
Huawei replaces Nortel's gears here, Ericson there... that is what I see
You are doing relatively good job Mark. What can you do better than that? Your forum is what it is, Forum about a bad company and a bad investment.
It's up to Nortel to show any improvement in the business without lies and false numbers.
I keep my family and friends informed how bad NT stock is and how Nortel's CEO has been misleading the public. His example of investing in NT stock at $20 was just a bad example.
Btw
Thank you for giving the threads.

Re: RBC Slashes Target Price

Apple — Tue, 09 Sep 2008 15:51:12 -0000

The Psychiatrist
You forgot to change your nick into more appropriate now, naiveSoB
With that ID you were fallowing NT stock critics being Bearish on NT to laugh at them and their perfect predictions based on deep analysis.
You liked all the Bullish targets, you did.
http://disqus.com/people/54cd6cd4766aea41b2b815...
btw
Single digit business growth which Mike proclaimed on Q2 2008 is a lie.
New orders decline faster than I can write a post about that,
Mike Z found a treasure, $3 5 bill in deferred revenues placed there in 2004 accounting clean up.
http://www.businessweek.com/technology/content/...

Using that "revenue" he can always show margin improvements. That 's how it works.
sha
He thinks that public does not know about $3,5 bill deferred during restatements.
We know it Mike Z and you are responsible to inform the public to the best of your ability and not to mislead investors into believing that Nortel's business is growing if facts are against you.
And you
The Psychiatrist
You attacked the messengers of bad news in hope we can stop posting the truth here or there.
Now you know the true story about NT stock.
Look into the mirror
Take your Zoloft as docs prescribed and stop pretending that you are a doctor.

Re: Lots of Interest in BSNL Project

Apple — Wed, 10 Sep 2008 23:11:42 -0000

BSNL had divided the project into four parts. Part 1 includes setting up network for GSM based 2G mobile services.

For this, South zone received bids from Huawei, ZTE and Nortel
======
NT bid only for that.
HW and ZTE they bid half price of NT.
only 2 vendors can get the deal.
Looks like NT will get Zero here.
Zero from BSNL
NT did not bid for 3G there.
Zero from last tender in China /only HW ZTE and ALU got deals/
Ericson replacing NT gears in Vietnam /$450 mill/
Ericson replacing NT faulty gears/ because bad grounding/ in BSNL this year
Huawei replacing NT gears at T Mobile Germany
http://www.huawei.com/publications/view.do?id=2...
O2 Germany GmbH & Co. OHG will rip out all of its Nortel Networks Ltd. GSM and UMTS base stations and replace them with equipment from Huawei
http://www.unstrung.com/document.asp?doc_id=151844
Nortel gave up on WiMax, Nortel sold out UMTS,
PBK abandoned by customers /BT/
Verizon, Sprint delay purchasing...
LTE can be in 2012!
It does not look good, does it?
NT admitted that will use $1 bill from deferred rev in 2008 and that pool of an "old revenue" mostly from the restatements in 1999-2000 / $3.5 bill / is shrinking
Q2 cc shows how much that pool is lower and Q2 re[port showed decling new orders /$500 mill/
Oder vendors /CIEN/ expects the slow down for next few quarters
in that situation it is easy to speculate that not only H1 +H2 orders will be lower by more than $1.5 bill but also Nortel will recognize more than $1 bill in defer rev. draining that pool of revenue too.
in other words NT will start the new year with $2.5 bill lower pool of revenues.
Instead of warning the public Nortel trumpets single digit business growth which is not true!
How Nortel can grow business with orders declining $1.5 bill in 2008?
Showing bigger revenue now because recognizing deferred rev from the accounting frauds in 2000-2003 is an irony.
Nortel's ex CEO and ex CFO are charged for criminal acts and are released on bail. Trials should be soon.
Sorry I disturbed the happy talk about Nortel and all the blame for NT making new all time lowest levels put on hedge funds manipulation of the stock. Analysts asked Mike few times if he can acknowledge that the growth he projected is not "organic growth". Analysts know the new accounting trick Nortel used during the last CC.
Analysts know perfectly that 2009 will have much lower revenues. If they know that why Nortel denies common knowledge?
The rules for a public company are simple and based on simple logic
A public company has to inform analysts_public about any significant fact that changes business perspectives.
Other companies which had restatements of revenues report now how restated revenues affect margins. Nortel should do the same. Margins improve when deferred revenues are recognized, don't they? That's ok but company should calculate and report both situation. with and without.
That's OK that new CFO decided to recognize deferred revenues /as I say most of them are from restatements/ Sure that they have to be recognized but with public knowledge about how much and what.

Re: Lots of Interest in BSNL Project

Apple — Thu, 11 Sep 2008 01:34:11 -0000

If you read the article carefully you will see that NT is not competeing with Ericsson, Nokia Siemens, and Alcatel Lucent.
Nortel submitted his bid against Huawei and ZTE
What chances Nortel has in that part?
from your link
Four parts

BSNL had divided the project into four parts. Part 1 includes setting up network for GSM based 2G mobile services.

For this, South zone received bids from Huawei, ZTE and Nortel.

and I wander if anyone can explain that article
http://www.telegraphindia.com/1080531/jsp/jhark...
May 30
“We are replacing Nortel machinery with Ericsson equipment since the past one month. We expect the work to be over by mid-June,” said R.K. Mishra, the general manager, BSNL, Jamshedpur.

Re: UBS Joins Parade; Drops Target Price

Apple — Sat, 13 Sep 2008 07:03:34 -0000

Mark I sense a sadness in your post.
Theodosopoulos is well known pumper_bullish analyst of NT.
He is lowering targets just to catch a fish. in other words he thinks that it will be unlikely for NT to go higher than $6 but he does not show how low NT can go.
In case NT goes to $3 he will lower his target to $4. His targets will always be bullish.
There is only 3-4 analyst who are bearish on NT and they have been right about that for a long time. Do you remember who they are? The guys who are just right about NT making new all time lowest levels each week?