Laura Wallace
Nortel AS
NTEL-T
DON'T BUY
Oct 19, 2005
The new CEO is an excellent addition to the company. The company still has some challenges ahead of it, principally making sure its R & D expenditures are productive and it keeps its technology edge. Still expensive to its earnings.
If you own the stock, you are playing that there is some value in the assets they own. The company is not a going concern. Have a huge deficit hole in their pension plan. Individual parts of the company may be better being sold off.