Add a New Bears Reason
Company: Nortel Networks (NT)
Current price:
Headline: (100 character max)
Analysis:
Cancel
66%
agree
12 votes

  Can't sell their Metro Ethernet Business

Top Contributor: Alan Whitton | Created when NYSE:NT was $1.58 | Edit | History

Nortel continues to be unable to unload their Metro Ethernet portfolio and now have been locked out of the Telus/Bell GSM/UMTS overlay network that is worth over $1B.

Enterprise business still thrives, but many warning signs of a company looking to get cash any way possible.

(100 character max) Cancel
100%
agree
1 votes

  There are no business units worth selling

Created when NYSE:NT was $0.32 | Edit | History

One of the ways to raise cash in a bankruptcy is to sell underperforming business units. Given the economy and credit availability, plus the very competitive industry they're in, any buyer would only make a very low-dollar offer for a business unit. (This is also AIG's problem.) Don't be surprised if they file for Chapter 7 (liquidation) in 12 months.

(100 character max) Cancel
60%
agree
5 votes

  Class Action Suit re : pension changes

Top Contributor: Jack Bass | Created when NYSE:NT was $9.00 | Edit | History

Nortel Networks Corp. is facing a class action lawsuit stemming from changes the company made to its pension plan in 2006.

The suit was filed with Ontario Superior Court on Tuesday on behalf of Nortel employees from across Canada. It seeks damages due to what the plaintiffs consider Nortel's "failure to provide to their employees reasonable notice of the changes to the pension plan."

The employees also claim the telecommunications equipment maker doesn't plan to take into account future salary increases beyond Jan. 1 when calculating the value of the pension benefits.

The exact number of employees involved in the lawsuit and the procedure for handling claims by individual employees will be determined in the certification process.

(100 character max) Cancel
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki