RBC Sees Nortel as “Opportunistic”

In a research report, RBC Capital Markets analyst Mark Sue suggests Nortel is an “opportunistic” investment play as it makes “steady, albeit slow” progress in rebuilding itself. For investors looking for strong growth in the telecom equipment market, Sue likes Cisco Systems, Alcatel and Foundry Networks – rating them as “outperfrom” while Nortel is “sector perform”. “We believe that Cisco may be in the beginning of a switching upgrade cycle spanning major enterprise verticals with particular strength in North American enterprise and commercial segments,” he said.

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