Disqus - Latest Comments for protospherical1

Re: What to Expect on Monday

protospherical1 — Sat, 28 Feb 2009 13:18:07 -0000

If we cut to the chase, NoTell has progressed to an unprecedented level of lack of non disclosure with this not taking questions. It does not take a rocket scientist to decipher what they do not want to answer and yet want to selectively present as they must move fast to keep customers today.

They said they didn't see the downplayed bankruptcy coming so perhaps less said better is better in light of their endless ongoing contradictions. Who will trust their traditional selective presentation.

They canceled or delayed their shareholder's meeting like delaying the proverbial turn around plan 90 days under insolvency woes.
They do not want to take questions from any analysts that still care or are remaining, or shareholders, they even gag their employees from speaking with the media. Totalitarian axe cutting NoTell at its finest splendor during its darkest hour, no questions please.

What could a company heading into a traditional bankruptcy want to possibly further expose with their catalyzing plight through questions. They can traditionally selectively present what ever they want in their proverbial struggle. Traditionally optimistic to always disappoint or surprise.

They must move fast they said to maintain customers and action can come much sooner . So how fast is it going today never mind Q4, think they will they say?

The numbers will do the talking too and bear in mind these are numbers before claiming bankruptcy not reflected in the catalyzing decline thereafter they must move fast for.

They should ask for a reduction on their new mega $100M lawsuit insurance premiums in light of not taking questions. After all, ask me no questions and I will NoTell you no lies reduces liability =)

Re: “The Godfather” Joins Nortel

protospherical1 — Tue, 10 Feb 2009 03:12:23 -0000

Another wonderful career brought to ruin by Nortel... shame.

Re: No AGM for You!

protospherical1 — Tue, 10 Feb 2009 03:08:08 -0000

At under a penny presplit I hardly think voting on bonuses would be appropriate this time.

Imagine answering questions on the 3 to 5 year plan, changing options to cash again, how the reverse split was to draw institutions, 20 dollar buying opportunities, Hackney's added responsibilities, employee severances or further layoffs, unable to sell any more assets, delisting, their suppliers agreements, how long they have before further decreasing or eliminating existing shares altogether, etc... endless... No wonder they hide and run.

They may not have to answer a thing in 90 days anyways.

I thought the security costs were humorous. A days to answer to shareholders almost 100% later is probably a lot cheaper than running the corporate jet for a month, so add costs as being yet another lie and doing what ever they want.

Re: The Four Horsemen of the Apocalypse

protospherical1 — Sat, 24 Jan 2009 02:57:49 -0000

Greed, deceit, incompetence and desperation
brilliant! haha! from left to right?

I would remove Roth from the broth though...
Nortel was booming when he bounced. remember?
Again, take Roth out of the equation totally given exorbitance is not illegal and, if anything, perhaps envied at worse; let alone well merit given he was the one to bring Nortel to its rise in its rise-and-fall. He was not at the crime scene either. Drop it.

Dunn? We all know what happened with Dunn. I suspect the millions of documents in his court trials will reflect actions not unlike Ebbers' or Skilling's. I am a bit squeamish about what professional hangmen do and not qualified to comment as is braving embarrassment =)

Owens got too little credit. He walked on water, stabled the stock amid their darkest hour of silence and delay, with truly unquestionable morality needless to say, He is the one who admitted many of the crooks were still at Nortel hard to find! A really good man at really bad company. I also believe he could have manged costs exponentially better. Did anyone even read Owens book! He specializes in cost management, among a host of other subjects to his formal accreditation. Nortel seemed jinxed to do all the wrong things and losing Owens alone may have been the beginning to their end /downfall!

Mikey?well? hahahaha Mikey... what can I say, read my posts, endless contradictions and who the heck hangs with the Carolina strangler if I might be so rudely crass?

Mike has a name that is too long. They paid a premium for an axe-cutter's track record, a green CEO for the ultimatum and eulogy, like a bad salesman from a golden territory. He spent 25 stagnant years at GE albeit climbing the ranks to perhaps reflects some form of one company stagnation. He has a BSc. seceond less qualified to Dunn to run a company of this past magnitude though he boasted he could. Are credentials correlated here?

..and to pay more for him after Owens! laughable in their series of endless punchlines...

Is Mikey likeable? Hell no, loveable is more like it. He strikes me as the most honest and moral clean cut leader one is only too proud to be exposed to.... every one wants to hug Mikey. Unfortunately, actions spoke louder than words to make him....well, as good as anybody else and nothing special in retrospect at best. I wished he'd done better at Nortel for no other than his rags to riches story =), as I love happy endings... but

Nortel just continued with the crash course they were on. The green team replacing a corrupt teflon dream team as their final nail the way I see it, making all the wrong decisions to look big and now ..

So, remove Roth and Owens.
Is 2 out of 4 CEOs over such a short period bad?

May I suggest instead of greed, deceit, incompetence and desperation, "see no evil, hear no evil, speak no evil" =)

ahhh, Nortel... the punch lines never ceased post the largest fraud in their country.

Re: To Bail Out or Not to Bail Out

protospherical1 — Sat, 24 Jan 2009 01:30:19 -0000

Here are the Globe and Mail's Poll results:
85% = NO
15%= YES

http://www.theglobeandmail.com/servlet/Page/doc...

Any IP can vote multiple times on the CBC's poll as I indicated.
I should have stated it was imbalanced and left it at that than to reasoning why as I got some flack for that albeit still maintain my position this is why. (multi-voters)

Again, CBS's poll is not factual or reflective of Canadian's opinion,in poll. It is misaligned =) with prejudice. In other words, horsefeathers, The Globe's seems to be more accurate over the very short duration it ran and multiply larger.

As for bailing out a white elephant, who exports jobs, and can't get its losing numbers straight, I would say this is profoundly absurd to the point of uncontrollable laughter. However, the sobering reflection of what the EDC's did with taxpayers money exporting jobs than product, let alone the OSC which is bound to bust a stitch giving RIM and unprecedented $100M fine for coming forward and Nortel at measly $1M for costs in the largest fraud in Canada. So hey, perhaps anything goes to defy outrage and maybe it is really me that is misaligned here after all =) My opinion in that I am not can not be pried from me without proof that I am. =)

Re: Nortel’s 2009 Prospects

TongueInCheek — Sun, 04 Jan 2009 19:52:50 -0000

"Will they fold before the 15th to preserve cash when over 100M is due..."

Think about it for at least a minute. If any company in the world had a payment that represents 3.85% of their cash on hand, why would they declare bankruptcy to avoid that payment?

That suggest is plain silly and obviously motivated by pure hatred. I highly doubt that Nortel will declare bankruptcy given virtually all analysts have assumed this payment within their cash use projections. Clearly you want to see them destroyed, but many of your comments and suggestions are beyond any form of basic business reasoning.

Re: Nortel’s 2009 Prospects

protospherical1 — Sat, 03 Jan 2009 18:04:45 -0000

Now at around 2 cents extreme presplit, NT lost around 99% of its stock value this year alone ...and the news is not getting better but catalyzing for the worse.

A far cry from when last neared folding at 43 cents before the largest fraud settlement in their country to compliment their largest pension deficit, followed by endless contradictions.

Who can believe what credible and transparent protected Nortel claims since their forecasts of single digit growth and $20 buying opportunity around a year ago to 3 to 5 year fixes 3 years ago, to downplaying folding after hiring bankruptcy lawyers today... like what ever changes there?

Who can doubt unrepentant Nortel meeting a 52 week low with news they have bids for MENs, but they were delaying pondering these bids at twice the anticipated value... heh...sure...usually the most obvious is the most truthful here, what bids, talk after they are sold not before I say.

With their transparency and credibility, we are forced to draw our own conclusions from the most obvious.

What can they possibly do to make up for what analysts termed their "cash cow"/"gravy train" CDMA's decline alone. CDMA accounted for almost all their earnings (80-90% EBT)., that's right almost all! Given they were already losing money for a decade they had to resort to print billions in Nortel paper and selling off so many assets to just survive this long, Now with CDMA an area that accounts for almost all of their profits in decline, forget it, the death spiral has just dramatically accelerated to overkill as the stock nosedives.

Add the exodus of customers leary they will be around, or suppliers being fed their downplaying researching bankruptcy and they must do something at some point, the most pressing question is just when.

Who says they have another year or so paying interest given this rate of decline? Nortel? With their endless other contradictions and credibility?

The Business Network indicates "inevitable bankruptcy" as per analysts and that shareholders will get zero like Mark Sue's targets. Moody's also warns like Altzman's score right off the chart, we hear increasing talk of folding right down to Nortel hires bankruptcy lawyers and delisting announcement:.
http://watch.bnn.ca/#clip120371

Will they fold before the 15th to preserve cash when over 100M is due or keep milking it to zero given they can not restructure lacking financing in this climate where a traditional bankruptcy is anticipated.

Bankruptcy is overkill at this stage, They are lucky they survived this long with all their political and economic power. Analysts feel Nortel will not survive as Nortel hires bankruptcy lawyers. Ex Marconni's Binning at the helm after so many insider only CFOs where again perhaps the most obvious is the most truthful here.

The only question is when will they throw in the towel... when is the best time. And for who...

Re: Nikos: Bankruptcy Protection Has Appeal | All About Nortel

protospherical1 — Sat, 20 Dec 2008 03:03:01 -0000

With the advantage of retaining capital to compete with what restructured?
With the disadvantage to shareholders, customers, management, taxpayers etc...
Damned if they do, damned if they don't?

Re: Umiastowski Downgrades NT, Suspends Target Price | All About Nortel

protospherical1 — Sat, 20 Dec 2008 02:57:17 -0000

He is right in saying stock is “trading more like a call option" where options can expire worthless if the strike price is not mean, in other words zero (to subliminally reiterate Mark Sue's target price)

Hardly speculation for gain with "inevitable basnkruptcy" looming short of the MENs sale at a "reasonable price" which is unlikely...

I think he is very wrong about Nortel not folding in 2009 though, when they are already looking into it in 2008 =)

Perhaps he is with the consensus they can keep making interest payments and costs with the cash they have left through 2009 as Nortel reiterates while downplaying folding like they did their revisions.

I agree Nortel will not be the ones to pull the plug to allow them restructuring capital, than drag it out as long as they possiblly can. I disagree that some one will let them though.

Re: Has Huawei Bid for MEN? | All About Nortel

protospherical1 — Sat, 20 Dec 2008 02:45:06 -0000

I caught this part too late to mention motive for such bizzare speculation

Get this part at the end of the article?
For full details on Nortel Networks Holding (NT) click here. Nortel Networks Holding (NT) has Short Term PowerRatings of 8. Details on Nortel Networks Holding (NT) Short Term PowerRatings is available at This Link.

Power Rating according to this site posting this BS is 8!!!
8 is very high out of 10 in their outperform category, where the motive is evident!

there is no buyout for MENs yet ... they are researching folding, who do they think they are kidding.

Re: Has Huawei Bid for MEN? | All About Nortel

protospherical1 — Sat, 20 Dec 2008 02:31:57 -0000

I do not believe this undisclosed source termed "person in the know"

"Nortel nor Huawei made a comment on such hearsay."

.., and hearsay it remains until formally announced.

I will go further on a limb and state there are no bidders, no foreign firms, no aliens from space, no one! That article is pure horsefeathers!

We can cite endless Nortel speculation that never transpired and there is no finer example than this in their final hours, like who believed Gary said god spoke with him. Sources should be validified to gain any credibility, more importantly risk it.

The stock made a new low yet again today into the close, 22 cents if there was any news or realistic rumor. That's 2 cents presplit,

Even if they did sell it, it sure wouldn't be that rosy $2B quoted in that ridiculous article and how much more time would it buy.

Re: Seeking Alpha’s Nortel Bonanza

protospherical1 — Sun, 30 Nov 2008 14:05:37 -0000

Inbetween the proverbial optimism and NYSE /OSC /SEC /Gov't. /etc... support or shareholders involuntary patience, we get a glimpse of reality from the different articles:

Revenues were down 14% from a year earlier
Carrier network revenue was off 24% year over year
Enterprise solutions was off 8% year over year
Global services was down 6% year over year
Metro ethernet was down 12% year over year.
Orders in the quarter were $2.017 billion, down from $2.377 billion a year ago, and $2.153 billion in Q2.

the usual disinformation in a press release, must really burn shareholders (at least the ones without a hot-line into company headquarters). The bottom line is this: When Zafirovski took over as CEO in November 2007, Nortel shares traded at roughly $18 a share; today the company is a penny stock.

As Nortel Networks (NT) teeters on the edge, we might prepare to say our goodbyes by looking back on the company’s 113 years of existence.

We currently have cash and short-term investments of $2.6 billion. We believe we need under normal business conditions about $1.0 billion in cash. This does not include the cash and joint ventures in China and this $1.0 billion plus the cash requirements for China to run our business effectively.

Since September 17, [we’ve seen] a much more cautious view, and purchase orders being eliminated and/or at minimum deferred.

We are announcing a reduction of an additional net 1,300 positions… Our headcount at the end of September was just under 25,000,

The company’s cash burn rate and debt position with $1-billion of debt due in July of 2011, has some suggesting it may face bankruptcy if the situation does not improve dramatically. “While Nortel is not yet facing a liquidity problem, bond prices are signalling a restructuring with insufficient asset value to cover the debt,” Gimme Credit analyst Kimberly Noland told clients.

It’s not often that you see an analyst cut their price target on a stock to zero. But when a company looks like it may face bankruptcy, you can see why it may be a sensible choice.

Insolvency, in other words, is becoming a very real risk.

Re: More Pain for NT

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

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

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

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

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

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

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

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

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

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

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

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

Re: Mark Sue Downgrades NT

protospherical1 — Tue, 07 Oct 2008 00:59:08 -0000

I wonder why revisions always reflect a target higher that what it currently trades at.
No wonder they have been wrong all these years.

Re: $1.80

protospherical1 — Tue, 07 Oct 2008 00:54:00 -0000

Australian and Asian markets setting the stage for another bloodbath yet tomorrow. (Tuesday)

Analysts on TV tonight said retirees with shorter term needs and outlook need to sit down with financial advisor immediately to discusstheir options and those with a longer term horizon. like a decade or more should just hang in there as markets rebound';.referring to the broader markets who lost 36% since their peak this last June , and certainly not Nortel that dropped from 20 to under 2 in approximately a year.

The most pessimistic at the time, Ross Healy, warned a while ago that Nortel could revisit its double bottom in uncertain economic climate and the perfect storm has certainly arrived as it trades well below half that that faced with all sorts of new compound and catalyzing issues to raise enough genuine concern that most analysts have already thrown in the towel.

I fear this is another yesteryear darling destined to be gone in the not too distant future for endless cause, and to add unfortunately yet again would be an understatement.

Re: Nortel: Dead Man Walking?

Clint — Thu, 02 Oct 2008 21:26:42 -0000

Photo...you are dead wrong.
The company is still a giant..9 to 10 billion per year in sales with huge installed bases.
You don't really know what you are talking about.
Sure you've made predictions that a monkey could make based on the state of affairs etc. but to insinuate there will be BK or a liquidity crisis?
Nope. Dead wrong there lad.
You'll see.

Re: Nortel: Dead Man Walking?

protospherical1 — Thu, 02 Oct 2008 18:52:04 -0000

It is unwinding alright, after years of struggle to now declining orders, assets, cash, outlook, credibility etc... it is endless. Hence this is the way I see it panning out:

- Metro Ethernet network (MEN) business can not and will not be sold for any price / no one wants it
- CDMA that accounts for almost all their earnings in steep decline can not be sold either / no one wants it
- Enterprise business won't compete in a market dominated by Cisco where no competitor has even come close with this great of a lead

They will not be able to afford paying debt let alone afford even more layoffs as the stock hits the $1 ranges (10 cents pre- extreme-reverse split), with an escalated decline in cash revealed by Nov 6th's Third Quarter results, that is even worse than Nortel's forecasts yet again.

Customers will go on strike all at once fearing they will not be around next year.

...and lastly, we get that formal announcement of a liquidity crisis before Christmas drawing fears to conclusion while materializing this increased anticipation as of late.

Re: IBM to Snap Up Nortel?

yes4aapl — Sat, 20 Sep 2008 20:36:00 -0000

Nortel cheerleaders stalk proven critics to unethically target shooting the bearer of bad news with mean spirited, deceptive, and stupid ploys for their vested interest with this struggling company. What they claim about proven posters is simply slanderous and not true!

Critics have reiterated that if there was anything positive to say over the years they would have said so. Critics have forecast with an exponentially greater degree of accuracy than even analysts to what Nortel feeds them in their relentless optimism and fire side chats when ongoing cuts are just not enough. Happy talk has proven false and misleading over these 3 to 5 years, Nortel lacks credibility in endless contradictions, not the observers that post critical facts that are simply bad, bad ongoing news in this saga.

Nortel contradictions have it lacking credibility from bonusgate fraud to extreme reverse splits to draw institutions, mega-revisions after fraud settlement, BSNL, PEC, Neptune, 3 to 5 years, $20 buys, promoting pals, WiMax, Putian, etc... heck we can go on forever... now what worked... endless contradictions... and headed to zero to with green team pumping more hype and PR craze than ever. How can anyone remain silent.
==============
re
Proto, you are so right
Bulls try to kill the messenger anytime we post our analysis from the Bear side.
Yes, we deserve celebration of winning that game on the stock market. We protected our families and friends who trusted our DD. Another drop of NT stock is just a proof how wrong all the Bulls_hypers have been.
I was able to see from outside_and_from_a_distance revenues dropping this year and new job cuts /huge/ coming as well. So I asked why CEO did not see that a month ago /Q2 cc/?
Why he preached single digit growth of the business when new orders have been declined 25% in just one quarter? Patching the hole with deferred revenues and cloud the picture was the answer. That's what it was during Q2 cc.
Job cuts, confirmed!
Lower new orders, confirmed!
Lower revenues, confirmed!
Selling more assets, confirmed!
Mike Z a liar, I think so /my opinion/
What about those margins? Why the margins are better each quarter but EBITa losses tripled? Is it too much for Mike to explain simple thing. OK what about you, Mark Evans.
Can you explain that contradiction?
Take your time, think about that and when you find the answer, please share with us.
I know how other companies report deferred revenues if they had restatements similar to NT. Nortel deferred more than $3.5 bill revenues during restatements /years 1999-2003/
Those revenues have to be recognized one day or another.
Why public does not know how those revenues change Nortel's numbers/ margins, how they change picture of current Nortel business?
Did Nortel defer optical revenues during restatements? I think so. So how recognizing that revenue now misinform public about current optical sales? Same in each and every division. I have articles, which show that up to 2007 Nortel did not recognize much of that revenue. It means that current CFO has been doing that.
$680 mill recognized in H1 2008
more that $1 bill will be recognized in 2008.
Bo Gowan says that's as good revenue as any other. Oh ya, sure, not for a shareholder, specially if it was revenue from the years 1999-2003!
Look at your post Mark E.
Any new ideas about IBM buying NT without MEN?
.

Re: IBM to Snap Up Nortel?

Kevin — Fri, 19 Sep 2008 00:38:25 -0000

True, we should not be blaming the executives for the state of the company as they get paid millions of dollars... rolls eyes. Thanks for the post Mike.

Re: Nortel’s Successful Green Campaign

concerned for jim — Thu, 11 Sep 2008 14:27:53 -0000

Proto, it appears you stopped drinking around 9:51pm, but didn't sober up enough by midnight to post here coherently without malice. You should stop and seriously think. All this inner anger cannot be healthy. I sincerely hope you would never do any harm beyond the words you type.

Perhaps you need to rethink the path you are walking and make a U-turn to the person you were before it all happened.

Re: Nortel’s Successful Green Campaign

public_info_on_proto — Thu, 11 Sep 2008 10:48:35 -0000

I guess there are repercussions for posting unfounded rumors after all.

Re: Nortel’s Successful Green Campaign

protospherical1 — Wed, 10 Sep 2008 23:14:13 -0000

Never debating facts but personal attacks ...how shameless

I guess the blogg poll was right, most of you stalking slandering reptiles really are Nortel employees!

I am not as polite as ethical Gary Daichendt. I think the stock price looks good on you bullies at 50 cents extreme presplit.

Good luck finding a job with Nortel on your resume when this company folds let alone with personalities like yours. I also dread to see what your personal lives are like from a psychological perspective, just read your posts. Poor devils.

No wonder the company is in trouble with mentality like this, next thing you know these cruel idiots will threaten to grab my face LOL

Stick to the facts, honesty draws no fire. Cowards.

The more you fruitcake weenies pump, the more shameful you appear to a moral majority.
Enough to make anyone civil throw up... shame on you, if you had any... what poor excuses for human beings I tell ya... Nortel employees to boot...

Cisco Tax BS , WiMax gone like Neptune LTE is a joke with UMTS sold, as it makes new lows 3 years later as I am painted a liar? Heh...as I get political flack from fruitcakes... too funny...What do you want from me? Happy talk? Sorry.... I don't lie. $20 was no buy a year ago and I don't contradict my word let alone written agreements on several occasions. I still believe in morality, and so do most. Look what deviates as an abnormal minority from the moral majority, crooks, and criminals are stoooopid.

Can hardly wait until fraud trials hit the news... to tell ya I told ya so yet again.

Re: RBC Slashes Target Price

protospherical1 — Mon, 08 Sep 2008 18:07:30 -0000

Don't go too hard on the analysts, after all they only go by what Nortel feeds them.

20 was no buy a year ago and 3 years into this 5 year fix looks increasingly unlikely at this rate.

There were plenty of new lows made this year alone to be optimistic about forming any bottom and so many analysts traditionally error all the way down overstating so how much worse will it really get.

I anticipate a lot more will be coming to the conclusion that Nortel will not be around much longer at this rate. Alzman score is already off the charts,

Re: IBM to Snap Up Nortel?

protospherical1 — Sun, 07 Sep 2008 13:41:07 -0000

Kindly excuse my swimming against the tide to claim no man is an island at Nortel.

These are educated and moral people at the very top Nortel buffers itself with to burden the political brunt of the results.

I feel no individual can be accountable for Nortel's struggles albeit exponentially better heads prevailed ( a dream team vs. to a green team missing in action during the telecom wars)

No single figurehead can take direct blame for Nortel's woes since the bubble burst even though their peers turned around and they did not.

I believe the leaders represent what they are told. It is the aggregate the justisdicts outcome from "crazy levels" and a board of directors, etc.... I call this macro-ambiguous. ( I also say the larger the private or public institution, the greater the error factor to manage but that's another story =)

Arguably, last two said they like being CEO, once then they are paid well. =) Many from the crime scene still remain a sailor termed "difficult hard to find" before the light bulb maker indirectly repaid his past employer or promoted his pals =) No one is perfect... they do the job within the confines they operate and take the political brunt for outcome "risking careers". Could they have foreseen their bad acquisitions or India supply lines, revisions, etc... endless events looking like they are tripping over themselves directionless, jinxed may be a better word, getting hit every which way they turn.

When the results wreak havoc, they are the once facing the tossed tomatoes to the aggregate of how well the company performs. On the other extreme, nothing worse than a bad salesman winning in a golden territory either.

Before I get thrashed for getting too verbose in diatribe and called crazy for it, I would broadly summarize that better heads prevailed and could do nothing. Their stellar leaders and figureheads can do nothing. No man is an island. All the kings horses and all the kings men could ever put Nortanic together again.

To personify the company would make it a thief and pathological slandering liar headed to zero damning the torpedoes and full steam ahead, hardly reflective of the moral caliber of people trying to fruitlessly salvage it. This struggling company seems desperate, directionless, contradicting, and hopeless...

New boss same as the Old Boss - We don't get Fooled Again:
Again, no man is an island. The mass orchestrated fraud could not have been accomplished by just one person. The fraud was sold to the plea bargained board who denied obvious red flags for bonuses they approved and received.

When we see inexperienced criminally charged pals promoted than fired to the employees horror by a green CEO hired for an an axe cutting track record, claiming buying opportunities leading by example let alone averaging down, watch long boasted WiMax vaporize as they boast LTE having sold UMTS with less credibility than Neptune god box... we certainly have plenty of tomatoes to toss due to the endless events leading to its inevitable demise, contrary to the happy talk and fire side chats.

The fellas might be stellar but the company as an aggregate stinks, regurgitating what they are fed by claiming a thousand flies just can't be wrong with endless contradictions having cost too many too dearly.

Re: IBM to Snap Up Nortel?

concerned for jim — Sat, 06 Sep 2008 09:57:56 -0000

"you could have more politely skipped the read if you found it too taxing or challenging"

True, but I was concerned about your well being. You come across as a very frustrated individual with an axe to grind. The insane need comforting too, so I ask again, are you ok fella?