joremero

Nortel Cuts Few Jobs Than Expected; Four Senior Executives Depart

what happened to allaboutnortel????

What Does Nortel's Future Hold?

Mark,
I don't understand why you, and most of the press, are saying that NT will sell or spin off wireless when that's where it gets most of the profit. True, CDMA business is declining, but it still makes up most of the bulk revenue.
I've read the press release and heard the press conference, and Mike Z said something like "de-risking" investment, not selling or spinning off. Yes, de-risking is too broad, and yes, he gave examples of the UMTS divestiture and Wimax partnership, but he didn't imply a sale of the business.
NT does want to do LTE, but they know it's going to take years before they see revenue.
Partnerships could be they key to that reduction of risk and that in no way means selling the business.