Bernstein Downgrades NT

In the better than late than never news category, Sanford Bernstein analyst Paul Sagawa downgraded Nortel last week to “underperform” from “market perform”. Sagawa expects a “sharp deceleration” in telecom equipment spending.

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2 Responses to “Bernstein Downgrades NT”

  1. SC Says:

    And the statements continue. As Nortel tries to move further away from the equipment market and more toward services we have a ‘analyst’ who downgrades the stock on thoughts in equipment spending.
    Nortel is a large and diverse company and analysts either pin it in the markets Lucent, or Cisco, or Alcatel, or any other number of companies, but never all at the same time.

    Part of this is probably due to Nortel’s inability to articulate exactly what it is they do.

  2. Bill Ritchie Says:

    Bill Ritchie Says:

    January 20th, 2007 at 10:53 pm
    After further inquiries with Mike Z and discussions with Nortel’s investors division, it appears they are NOT going to compensate any shareholder, period.
    Their policy appears to be to ignore all investors who “hung in there” hoping the “old” stock value would come back ’some day’ forget it, it’s not happening. The reverse split of 1 for 10 put a stop to that–BIG TIME.
    If you did not participate in the two class action settlements that expired on November 20th 2006 then you qualify for this new suit.
    We need to know how many (pre Dec 1st 06)shares you hold and at what price you paid for them. If the average paid is below say, $8. then it may not be in your best interest to participate. It’s possible that the stock “might” climb to $80. some day!
    Looking forward to receiving your information–type Nortel 1 for 10 in the subject of your e-mail.
    Bill Ritchie.
    cwritchie@cogeco.ca

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