Laura Wallace
Nortel AS
NTEL-T
DON'T BUY
Dec 22, 2005
Have had a number of changes in management in the last few weeks which is always disruptive. This company is still losing market share. Still have a lot of debt and there is litigation risks.
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.