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  • Nortel: Who's Going to Buy MEN? [View article]
    Nortel's short term thinking (e.g. selling MEN for quick cash) clearly demonstrates the bad management of Morin and Zafirovsky.

    Morin escalated through the ranks of management quickly only because his father (Yves Morin) is a senator in the Canadian senate connected with many Nortel executives, certainly not because of his management skills.

    Zafirovsky's incompetence in managing Nortel explains why Motorola did not want to promote him as their CEO.

    Contrast this with Cisco who had the same CEO (John Chambers) for the last 20 yrs. Nortel has had 7 or 8 CEO (most of them bad, with the exception of Jean Monty) during the same period.

    During the high tech days, Nortel was spending billions on stupid acquisitions and wound up selling most at 10% of the original cost.
    Contrast this with Cisco who saved billions for a rainy day during that time.

    Nortel is definitely a short.
    Sep 25 09:50 am |Rating: +1 -1
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