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All Nortel, All the Time

A Blog about All Things Nortel

Last Build Date: Tue, 07 Nov 2017 20:36:27 +0000


Q&A with Mike Z.Mark EvansMikez-4

Mon, 30 Jul 2007 13:35:33 +0000

The Globe and Mail has a Q&A today with Nortel CEO Mike Zafirovski. One of the first questions is: “Do you pay attention to all the noise, such as the blogs that focus on Nortel?”, which makes me wonder whether the question is referring to All About Nortel. 🙂 Sadly, Mike Z. deftly sidesteps the […](image)

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Nortel Opens Facility in TurkeyMark Evans

Fri, 06 Apr 2007 01:33:50 +0000

  Nortel’s move to lower costs by opening facilities in lower-cost geographies took another step forward with the opening of a a new “Centre of Excellence” in Istanbul, Turkey. The facility, which was part of an announcement that year that also included a move into Mexico, will provide support for customers around the world, network […](image)

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Analyst UpdateMark Evans

Sun, 25 Mar 2007 11:52:56 +0000

Here’s some recent activity by financial analysts: – Robert W. Baird lowered its 2007 revenue estimate to $11.2-billion from $11.5-million, while raising its EPS target to 75 cents from 74 cents. For 2008, Baird is looking for revenue of $11.6-billion and EPS of $2, compared with an earlier estimate of $11.7-billion and $2.11 respectively.  Meanwhile, RBC […](image)

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Merrill Lowers Revenue, EPS TargetsMark Evans

Wed, 07 Mar 2007 16:03:26 +0000

After meeting with CEO Mike Zafirovski recently, Merrill Lynch analyst Vivek Arya decided to lower his 2007 revenue estimate to $11.48-billion from $11.78-billion amid concerns the company will see a 12% to 15% decline in wireless sales, which accounted for 44% of overall sales in 2006. Arya also reduced his 2007 EPS target to 68 […](image)

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The Nortel PR Machine Strikes AgainMark Evans

Tue, 06 Mar 2007 12:17:38 +0000

Obviously putting aside the recent restatement and the surprising departure of its CFO, CRN Australia has a glowing story on Nortel called “Is this Nortel’s Year?” that puts the spotlight on the fine folks within Nortel’s media relations group. According to the article, CEO Mike Zafirovski is doing a great job, Nortel’s enterprise efforts are […](image)

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Nortel-LG Unveil Set-Top BoxMark Evans

Mon, 05 Mar 2007 12:01:08 +0000

Nortel unveiled another part of its IP-TV strategy with the launch of a set-top box for carriers looking to offer television services to consumers. The box, which will be built by Nortel’s LG-Nortel joint venture, could put an end to speculation that Nortel is looking to make an acquisition to get into the business, which […](image)

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Thanks, Duncan!Mark Evans

Fri, 02 Mar 2007 18:34:43 +0000

Duncan Stewart was kind enough to cite my blog within a column he wrote for the National Post on different ways for retail investors to get information these days. After mentioning newspapers and Web sites such as Seeking Alpha, he talked about blogs – and highlighted how my posts on Joel Hackney were way ahead […](image)

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Hackney Story Finally Picked Up in CanadaMark Evans

Thu, 01 Mar 2007 18:48:24 +0000

It took almost a week but the Canadian media has finally picked up on the Joel Hackney parking lot rage story. The Ottawa Citizen has a story on the front of today’s business section. Unfortunately, it’s behind a walled garden but it describes Hackney as one of the company’s management “stars”. According to Nortel spokeswoman […](image)

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Zafirovski’s E-mail About HackneyMark Evans

Thu, 01 Mar 2007 14:21:30 +0000

This is an internal e-mail that Mike Zafirovski issued about the Hackney “incident”. “All of us at Nortel have an obligation to act with personal and professional integrity. These behaviors are the hallmarks of great leaders and great companies. I place as high a value on integrity and ethics as I do our goals of […](image)

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Yet Another Restatement?Mark Evans

Thu, 01 Mar 2007 14:15:56 +0000

You had to know it was only a matter of time before Nortel restated its results again, right? Nortel and its principle operating unit, Nortel Networks Ltd., will restate their financial results for 2004, 2005 and the first nine months of 2006, and will make adjustments to periods prior to 2004. So, what’s up? Apparently, […](image)

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