exnt

Nortel: Analyst Price Target of Zero Irresponsible

Its not irresponsible to have a target of zero. It may be wrong, but given the circumstances, it is not irresponsible. An analyst is supposed to look at the situation and give advice to present and future shareholders and bondholders. In today's marketplace, any company with a track record like Nortel (many quarters of losses, declining revenue, layoffs, many quarters of burning cash), is a potential bankruptcy unless the government is going to bail them out.