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  • Nortel News: MEN Stats, Is the Board to Blame?, Shades of Desperation [View article]
    It is hard to understand what the investment bankers are talking about with respect to Nortel, assuming they actually are saying sensible things. It does not seem reasonable that the price target shoud be revised from $10 to $ 3 because of a 4% shortfall in revenue, in an enterprise with 40% gross margin. It seems that the market reaction is being overdone, since if costs are cut Nortel can be profitable even without substantial growth, which is what I understand the CEO is saying.
    Sep 18 16:32 pm |Rating: 0 0 |Link to Comment
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