Michael Smedley Nortel Networks Ltd. (Pref G) NTL.PR.G-T BUY Dec 12, 2007

Paying over 10%. Nice stable yield.

Michael Smedley

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$14.950

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Telecommunications

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The prices down because people are concerned about the company’s sustainability and its ability to pay the dividend. Would look at other preferreds instead.

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Michael Smedley Nortel Networks Ltd. (Pref G) NTL.PR.G-T BUY Dec 12, 2007

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Nortel Networks Ltd. (Pref G)(NTL.PR.G-T)

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