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Poor old Nortel Networks — or “No-tell Networks,” as one wag dubbed it after the fourth or fifth time the company had to restate its earnings. It was bad enough when the company flamed out so quickly after becoming the king of the Toronto Stock Exchange (and of many people’s investment portfolios), but then that [...]
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The marketing tagline for the 1970’s shark-attack movie Jaws 2 was “Just when you thought it was safe to go back in the water.” If you replaced the word “water” with the name “Nortel,” you’d probably have a fitting tagline for what’s going on at Canada’s favourite love-it-or-hate-it networking-equipment company, Nortel Networks (or “No-tell” Networks, [...]
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Here’s a column I just posted at globeandmail.com about Nortel’s quarterly results:
“At this point, it’s not hard for Nortel Networks to impress anyone with its financial performance. All the company has to do is report a fairly clean quarter with maybe a little bit of growth here and there, no massive writedowns and no [...]
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