BusinessWeek Bullish on Nortel

Nortel Networks could be making a comeback among investors if a BusinessWeek story is any indication. Entitled “Nortel’s New Lease on Life”, the article talks about how Nortel could do better than Lucent in sales growth and other financial metrics this year. Some of this optimism is focused on new Nortel CEO Mike Zafirovski, who has been hiding out from analysts and the media since he took the job in November. Anyone getting too excited about Nortel’s prospects should heed a comment from AIC analyst Peter Hofstra who warns the telecom market “is a tough business”.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: