Loading, Please wait ...
Nortel Networks Corporation
NT.NISIN: CA6565685089SEDOL: B1H4Y87 |
Rating: HOLD |
Target Price: 0.42 USD |
Investment Horizon: 6 to 12 months |
Company News Alert
CLICK VIEW REPORT TO READ FREE REPORT
On 14 January 2009 Nortel Networks Corporation (Nortel) announced that it has obtained creditor protection for itself and its subsidiaries in Canada, the US and Europe. The announcement was made a day before the company’s interest payment obligation of US$107 mn was due. Although the company had US$2.4 bn in cash at the end of FY 2008, it chose to seek protection from its creditor’s in view of struggling…
Company News Alert
CLICK VIEW REPORT TO READ FREE REPORT
Nortel Networks Corporation’s (Nortel) NYSE common stock experienced a significant single day stock price decline on 13 January 2009. This steep decline in stock price is due to speculation over the company’s health. Nortel has a US$107mn interest payment due on Thursday. Although it currently has enough cash to pay this, there is a fear amongst investors that the company might seek creditor…
Company News Alert
CLICK VIEW REPORT TO READ FREE REPORT
Nortel Networks Corporation’s (Nortel) NYSE common stock experienced a significant single day stock price gain on 09 January 2009. This gain is attributable to investor reaction to speculation over the sale or part sale of Nortel’s Metro Ethernet Networks (MEN) business, reported by Israeli news website Globes....
Company News Alert
CLICK VIEW REPORT TO READ FREE REPORT
Nortel Networks Corporation’s (Nortel) NYSE common stock has experienced a significant stock price decline since our 3Q 08 update report dated 15 December 2008. This decline is attributable to weakened investor sentiments in response to Moody’s Investors Service downgrade of the company’s default rating to Caa3 from B2 and corporate family rating to Caa2 from B3 on grounds of Nortel’s adverse business conditions…
3Q 08 Update Report
CLICK VIEW REPORT TO READ FREE REPORT
Deteriorating economic conditions and capex cuts by some key customers led to a decline in Nortel’s 3Q 08 revenues. Although revenues were in line with our expectation, adjusted net loss was higher than expected. Going forward, we expect revenues from the Carrier business to remain weak, impacted by reduced capital spending by network operators across the major markets. Although we expect…
Subscribe to Alerts
Sign up for a free account to receive email alerts for this stockMore Information
Request a redistribution license
Access to short term actionable trading strategies
(available only with Global Research subscription)
Access to financial models
(available only with Global Research subscription)