Nortel Shares Stuck

Despite the excitement surrounding the joint venture with Huawei, Nortel shares barely budged this week – closing at $3.56 in Toronto. Even though a growing number of analysts have "buy" recommendations, investors are probably waiting for Nortel’s Q4 results to be released before they jump on the bandwagon. That said, Alcatel posted some very strong results earlier this week on the heels of a good performance from Ericsson so it appears Nortel could rise with the tide as well.

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