canb888

Has Nortel Become a Takeover Target?

Interesting to revisit this article and all the comments especially that NT is officially broke now, only a few months later. The nightmare came true, 94% drop in 2008, another 90% drop in just a few weeks in 2009. This came faster than my speculation of "lose 95% again in one year". That's a result of keeping the Management and the Board. Should have fired them all and replaced them with my cleaning lady, she may have achieved a slightly better than 90% loss by surrendering to a buyer. And for those nationalistic thinking, there was nothing left about NT being a Canadian long time ago.

Nortel Is a Billion Dollar Company

50 cents for shares that used to be over $1000 each split adjusted. What a shame. Maybe a CSCO cashless share swap takeover would have been better for shareholders and employees. There is not much hope on this management team based on their track record so far.

Has Nortel Become a Takeover Target?

colo, what do you mean by "Mr. Z has done an outstanding job with Nortel. You don't turn a 12 billion dollar company overnight, but he is turning it..." One year return of negative 94% per Yahoo. The 12B you mentioned is now less than 600M. I think a cleaning lady could also turn a $12B company into a $600M one, it does not take too much effort to do that and does not need a multimillion dollar executive. Sounds like: How to build a 600 million-dollar company: start from 12,000 million-dollar company. BTW, NT used to own a lot of land and nice buildings which should be worth more than $600M if they still have them today. I guess they may have been disposed of to pay for opperating losses. What a shame for a company that used to be 25% of the total capitalization of the Toronto Stock Exchange. And, there is not much left about NT being a Canadian. Takeover? Maybe that's the best thing to happen before the 600M becomes less than 30M (lose 95% again in one year?).