Nasir Khan

Nortel Update: S&P Improves Outlook, Nortel Maintains Expectations and Goes Green

Being a nortel investor this gives me some heart. Over the past two years nortel's stock has significantly underperformed Cisco, Juniper and even Alcatel lucent and Tellab. Its forward PE ratio is 8.5 again way below its peers. The big question is can it snatch some market share from Cisco and juniper due to product pricing and energy savings. Also good news that they are maintaining a revenue growth forecast while many others are showing flat growth or declines in 2008. I keep my fingers crossed !