Serraphin

Nortel: Analyst Price Target of Zero Irresponsible

Essentially what we have here is the spiral effect. Nortel and the economy are in trouble. The Board has not met their fiduciary duties and the shareholder I'm afraid at some point will learn that bond holders get paid upon liquidationa nd not shareholders. Nortel can still be salavged and should be. But it takes more then token changes and layoffs. To date, Nortel's Board seems to be unequipped for the task. They need to look at what business they truly want Nortel to be in and luiquidate the rest. Pensions need to be addressed immediately with a reminder that an illiquid Nortel will result in ZERO pension payments. Divisions that do not specifically contribute to the core business should be closed or sold. All management structures should be flatened.