Mark Evans submits: Citing Nortel’s NT “revitalization efforts and its improved business model,” DBRS changed its trend on the company’s debt to “positive” from “stable,” while confirming its B low rating for Nortel’s short and long-term debt. DBRS also established an issuer rating for Nortel at B low. ...
Larry MacDonald submits: Sentiment has recently improved among analysts covering Nortel Networks NT. Over 30% now recommend buying the company’s shares, compared to 20% three months ago. Also, bond-rating agency DBRS today changed its B low rating on Nortel debt from a stable to a positive trend. Nevertheless,...
Mark Evans submits: Does it strike anyone as ironic or simply puzzling that Deloitte has selected Nortel to provide managed service for its telepresence, video conferencing and multimedia services in as many as 130 locations around the world? For people who followed Nortel’s NT financial troubles/accounting scandal, Deloitte was...
Mark Evans submits: One of the key questions facing Nortel NT is where/if its next high-growth market will emerge. A year ago, Nortel was bullish on Wi-Max but the recent joint venture with Alvarion ALVR made it abundantly clear that the Wi-Max market is not growing as quickly...
By Michael Flaherty HONG KONG (Reuters) - Private equity firms Silver Lake and Providence Equity Partners have teamed up to bid for a stake in a unit of China's Huawei Technologies, sources involved in the process said on Monday, in a deal that...
By Sumeet Chatterjee BANGALORE (Reuters) - Indian information technology outsourcers Wipro WIPR and Satyam SATY posted higher quarterly profits, but said the business outlook was cloudy due to slowing Western economies, sending their shares lower. Wipro Ltd, the country's No.3 software services exporter,...
Mark Evans submits: Nortel NT has gone hog-wild over being green. First, it made a splash touting how its telecom gear is more energy efficient than Cisco’s CSCO. Now, it’s enthusiastically promoting the benefits of teleworking - the idea you that can work from home to save time...
Mark Evans submits: The RCMP has charged three former Nortel NT executives - ex-CEO Frank Dunn, ex-CFO Doug Beatty and ex-controller Michael Gollogly - with fraud affecting public market, falsification of books and documents and false prospectus. According to a press release, the charges “pertain to allegations of...
Mark Evans submits: TD’s Umiastowski: “Nortel is Making a Comeback” One thing about analysts who cover Nortel NT; they like to travel in packs. Hot on the heels of Nortel’s annual investor day, the analyst reports continue to flow. One from TD Securities’ Chris Umiastowski proclaims that...
Money Morning submits: By Horacio Marquez During the Internet boom in the latter part of the 1990s, Cisco Systems Inc. CSCO was the king of the “must-have” stocks, with shares of the maker of telecommunications-networking gear soaring 400% from June 1998 to March 2000. by Money Morning
FP Trading Desk submits: RBC Capital Markets analyst Mark Sue says Nortel Networks Corp. NT shares could more than double by 2011 but it needs to be perfect, says RBC Capital analyst Mark Sue. In a note to clients, Mr. Sue said: by FP Trading Desk
Mark Evans submits: Nortel Picks LTE over Wi-Max Not sure what to make of Nortel’s NT decision to pick LTE over Wi-Max but pragmatism seems to have played a key role. Gerry Collins, Nortel’s director of wireless for Europe, the Middle East and Africa, said LTE has better prospects while...
Mark McQueen Wellington Financial submits: The days of a herd mentality within the community of equity research analysts seem to be long gone, or at least not as prevalent. On Thursday, for example, two analysts published starkly different calls on Nortel Networks NT. One said that it is...
Ockham Research submits: Nortel Networks Holdings Corp. NT announced at its annual shareholders’ meeting that the company will be shifting focus from WiMax to LTE technology. These wireless technologies are a key component to the newest area of growth for telecom companies, data and multimedia services. The quicker fourth generation network...
FP Trading Desk submits: All of a sudden, investors can't seem to get enough of Nortel Networks Inc. NT. Shares in the wireless network company are up big for the second day in a row Thursday, following Wednesday's announcement that the company would shift its focus away from fourth...
Mark Evans submits: If you’re a telecom equipment supplier banking on the Internet’s growth to drive sales, a new forecast from Cisco CSCO can only be good news. Cisco suggests traffic on the world’s networks will jump 46% a year from 2007 to 2012. In 2012, Cisco claims...
Mark Evans submits: Richards Ultra-Bullish on NT; Sees $50 Stock Price I'm not sure what Paradigm Capital analyst Barry Richards envisions but a morning research note this morning leaves no doubt he’s ultra-bullish on NT. In initiating coverage, Richards has a “buy” rating on Nortel NT with...
Mark Evans submits: It was impossible this week to miss the media and blogging frenzy over Apple’s AAPL introduction of the new 3G iPhone, which - if you believe the hype - will revolutionize the wireless market by giving consumers the power to really use mobile business, personal and...
Sam Gustin submits: The battle over so-called 4G wireless technology is heating up, with major industry players choosing sides between WiMax and LTE, or Long Term Evolution. Nortel NT, the Canadian telecommunications equipment manufacturer, gave LTE a boost Wednesday when the company said it would devote its main...
Shares of — dare I say it once again? — “beleaguered” networking equipment vendor Nortel NT are up almost 11%, or 88 cents, at $8.99 this afternoon, the biggest gainer on the Nasdaq on a percentage basis, after the company’s meeting with investors at its headquarters in Toronto today. The...
