It’s certainly hard to pull your eyes from the streaming charts of your Nortel (NT) stock, but I’m suggesting you do exactly that.
The future of Nortel is bright and hyper-connected. Perhaps most important of all, Nortel appears to be working hard to stay solvent (even willing to consider bids for one its top performing sectors, MEN, to improve the balance sheet).
The consensus in blogs and articles on the net is that Nortel is comprised of too many technology sectors without having a sense of the technologies longevity. This point is made by many bloggers and, I’m sure most familiar with Nortel, would agree. Don’t forget, however, that Nortel has gained a lot of experience from the internal convergence of voice and data platforms and this experience will not show up in your streaming charts for months or years to come.
Case in point is the e-Government series of recent news releases on Nortel’s site. In the month of October, 2008, Nortel has published some 18 news releases highlighting large deals for banks, hospitals and governments worldwide. Visit: Nortel: News Releases.
One can sense that Nortel’s Unified Communications technology is poised to be a significant market player in hyperconnected communications; allowing businesses (and entire governments) to break though the barriers of cross-platform communications while employing cost effective, full voice and data solutions utilizing Nortel’s most precious resources; a century of experience and 4G wireless.
It’s also important to point out that Nortel offers these solutions while mitigating single points of failure (a common concern when equipment falls under one provider) and does so in a highly competitive market. In my opinion, I’m glad to see Nortel shift its immediate visions away from the iron-metal systems of yesteryear and respond to the emerging markets, after all isn’t that what good companies do.
Disclosure: Author holds a long position in NT
