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Joshg2000, true but at least you would cash in on a gain.
Therealtruth, at this level a one-penny move is still 3%. For those who don't believe NT will ever see $1 again or for the traders a 2-3 pennies move can be lucrative.
Video of Winter Classic hockey rink installation at Wrigley Field proves Chicago weather sucks
http://blogs.suntimes.com/sportsprose/2008/12/wrigley_field_winter_classic_h.html
Up 10%, nice to know this one is still following the Metals stocks despite the uncertainties of the Lundin deal.
Negative E? Is there such a thing? Is it really an E then?
I'm not flaming you, I just want to know.
I agree, and actually all they have to do is announce a big buy-back. As other big companies do they don't have to actually buy back the number of shares as per their announcement, they just need to say they intend to.
I have no problem believing that story. You can't find any Touch iPod anywhere around here. They're sold out everywhere.
What a fantastic interface!
D/E? What E are you talking about?
True, and they always find a way to buy companies that can fill a gap in their suites of products.
Perhaps but Dell lost about 60% of its stock value in the last 5-6 months while HP lost only about 20%.
As a friend of mine was telling me lately, in the public's opinion Apple seems to be doing everything right, Dell does everything wrong and nobody talks about HP.
Actually to me it doesn't mean much, as far as the stock is concerned.
Perhaps, perhaps not. This could just be manipulation and shorts taking over. They'll likely have to cover at one point and then we'll fill up a huge gap...
Jr Eagle, I believe it was actually over $1,000. in early-2000 (RS adjusted).
bigmoney, I didn't know one had to own shares to post here. Is that a rule?
BTW this was a positive post, and I think it will happen.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34454672
and therefore this is also a positive post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34462130
I'm sorry but I don't understand the questions. What do you mean?
Another day, another penny lost!
I'm starting to think a 1:10 reverse-split just won't do it. We may be looking at a 1:20 reverse-split, or more, in 2009.
Nope, I didn't get in, nor will I.
NT could easily go to .31 or .32 today if it could just break .29 IMHO.
Negative, RS and then BK.
ksbigger, so when NT reverse-splits again to meet NYSE's request it will be a second reverse-split in less than three years! Yikes!
$99 iPhones offered by AT&T, not Wal-Mart
http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2008/12/29/daily1.html?ana=yfcpc
Ha yes, restructure, now would that be the same restructure as 2001, 2002, 2003, 2004, 2005, etc, etc.....
History doesn't lie and tends to repeat itself time after time...
Sales mean nothing, profits do!
Look at the history of Nortel, they always had great sales and yet their stock went from $1,100.00 to $0.25 (RS adjusted).
Yikes, given Cramer's record that's a sign of gloom and doom for RIMM.
Great post greg! I couldn't agree more.
2009 predictions: Dropping an F bomb
By Mary Lennighan, Total Telecom
24 December 2008
The Total Telecom team shares predictions for 2009. What will and, equally as important, will not take off? What impact will the credit crunch have?
"Dropping an 'F' bomb": the new expression in the Total Telecom office for any mention of the word "femtocell".
And femtocells featured more than once when we, the editorial team, gathered our thoughts and set down our predictions for the telecoms industry in 2009.
"People working on a viable femtocells business model still won't get anywhere. Operators will run out of patience and either embark on ill-fated commercial launches, or abandon any notion of a femtocells proposition altogether," said one staff member, confidently.
But another was more forgiving, suggesting that "the industry will finally accept that, although there are some interesting niche areas where femtocells could thrive, they will never be a mass-market solution."
As usual, we're not naming the individual team members to spare our blushes, to avoid having to witness people doing the smug victory dance this time next year (see Futurology: What happened next for the results of last year's predictions.), and possibly to spare ourselves a lynching from disgruntled readers with vested interests. The predictions are from online and magazine staff, both in the U.K. and overseas.
We are not only sceptical on femtocells though. There were a number of predictions looking at what will not happen next year.
"Mobile TV will not take off," said one member of the team, a comment that drew little argument from the rest.
"The Internet will not fall over due to a deluge of data and insufficient operator investment in network capacity," said another.
But opinion was divided on telepresence, of all things.
"Telepresence will not take off in 2009," one of us said.
However, "operators will find they can't meet data centre needs as demand for managed hosted services increases, particularly for telepresence services," insisted another.
Let's hope a fight doesn't break out in the New Year!
"In the current economic climate, big brands will be even less keen to spend money on unproven mobile advertising campaigns, so they won't," predicted someone in the U.K. office.
A sobering thought for operators looking for those all-important new revenue streams.
Money talks
Naturally, the financial crisis featured heavily in our thinking.
"The financial turmoil will hit carriers, system vendors and component players hard," said an overseas editor, echoing all of our thoughts.
"Many of the existing system vendors and component vendors that experienced the dotcom crash are expert at survival, but what is different this time is that the supply chain is far more fragile with far fewer players making the same equipment. This is especially true in optical components."
Another team member suggested that the financial crisis will hit "in particular those divisions providing enterprise services."
And as usual, many of us singled out the vendors for special attention.
"Nortel will either go bankrupt or sell off all networking businesses and just retain its enterprise operations. It could then be bought by a larger company," said one of us.
But another went further still.
"Huawei will offer to buy Nortel. Regulators will have a field day trying to stop the deal going ahead, if this year's failed 3Com buy is anything to go by."
Things are also looking gloomy on the devices side.
"Mid-tier handset manufacturers will continue to have a rough time. We can expect to see a wider range of mini PCs subsidised by mobile operators," said one editor.
As usual, U.S. whipping boy Motorola took some flak.
"Motorola will find any way it can out of the mobile handset business, probably by spinning off its devices business... to a museum," said one bright spark.
"There will be friction between Motorola co-CEOs Greg Brown and Sanjay Jha as it becomes increasingly evident that a devices spin-off will not be an easy thing to achieve," added another.
"The lack of new products in the pipeline to replace the RAZR will not help matters."
But we see one handset maker's star continuing to rise.
"Apple, keen to build on the momentum generated by its first two handsets, and in a bid to take on Nokia, RIM and Android phones, will unveil another handset," a team member predicted. "It doesn't matter what it looks like or what it does, because press coverage is guaranteed. It will probably be made out of hemp."
Things will also be tough on the mobile operator side.
"LTE trials will continue but operators are likely to hold off on investment in networks. We could instead see moves increasingly to HSPA+," said one editor.
Meanwhile, "mobile broadband will get a reality check and operators will have to start improving HSPA coverage," s/he added.
"Consumers will get increasingly frustrated about the quality of service on mobile broadband dongles," another editor agreed.
"The credit crunch could see people ditching expensive mobile contracts in favour of pre-paid, SIM-only offers. This will also hit handset makers, as replacement cycles continue to slow. Fixed-line providers may benefit as price-sensitive users revert to using the landline to make calls," one of us suggested.
Alternatively, "Skype will become increasingly popular as a recession-busting way to beat mobile charges - 3 UK's best seller," said another.
Internet players and network issues
"Carl Icahn will continue to make his presence felt in the industry. He will continue to be a thorn in Yahoo's side in the near term, but will ultimately move onto a new victim," one of us believes.
"A move to unseat U.S. president-elect Barack Obama seems unlikely, although not impossible, but North American telco execs should be on their guard," s/he added. "The fact that the investor still holds shares in Time Warner could come into play."
Meanwhile, "things will continue to look bleak for Yahoo. By this time next year the Internet company's brand could have disappeared completely," one of us said. "At the very least, the company will have to broker some sort of deal with a rival company to survive."
A tie-up with Microsoft seems like the most likely option.
"Microsoft will explore other ways it can compete with Google," said another team member. "It might mean a revised deal with Yahoo for its search business, or even acquiring a company like Mozilla, which makes the increasingly popular Firefox browser.
In addition, "in light of Google's and Apple's mobile adventures, Microsoft will also push its mobile operating system increasingly towards the consumer segment," s/he added.
Despite our earlier assertion that the Internet will not fall over, we are seeing growing demand for network capacity next year.
"Deployments of PON will go 10 Gbps and Ethernet will go 100 Gbps," said one of our non-U.K. team.
"Backhaul articles will start appearing in the FT," another one of us thinks.
Around the world
Global markets also provided us with inspiration, and here's one prediction that could come true even before we're back at work in January:
"China will probably come out with some form of licensing, but it will do something unexpected and TD-SCDMA is unlikely to remain a standalone offering," one team member said.
Or, "China will trigger a global trade war after finally handing out its mega-dollar 3G vendor contracts, but giving all the business to Huawei and ZTE," said one of our roving reporters.
China Mobile reportedly awarded TD-SCDMA network contracts recently, and while Sweden's Ericsson did take a small portion of those deals, the bulk did indeed go to Chinese players.
In Hong Kong, PCCW controlling shareholder Richard Li will end 2009 as he began 2008, 2007, 2006... still searching for a way to cash out of PCCW," said one international editor.
In Africa, "there will be consolidation as the large operators try to buy out all of the smaller players, throughout the continent," another team member thinks. "By the end of 2009 there will be three or four giants operating in Africa: MTN, Zain, Orange and maybe Vodafone, depending how quickly the last moves on expanding in the market when the Vodacom deal is done," s/he added.
Furthermore, "there will be at least one rumour of a merger between MTN and another big operator," one of us said. "Depending on funding, the deal might (or might not) go through this time around."
And turning to North America, "Verizon will offer to buy Vodafone out of Verizon Wireless," said one of our U.K. staff.
"Cisco will emerge as a fully-fledged service provider," another concluded.
As the saying goes, only time will tell!
Don't write off Nortel yet
http://blogs.itworldcanada.com/network-world/2008/12/23/don%E2%80%99t-write-off-nortel-yet/
Nortel bankruptcy might be a good idea: UBS
http://www.itworldcanada.com/a/Daily-News/993d1907-60fd-45c3-a9ee-89397d0fabcc.html
HP Grows Stronger and More Profitable
http://seekingalpha.com/article/112366-hp-grows-stronger-and-more-profitable-barron-s?source=yahoo
Some familiar names are not going to get out of 2009 in one piece. Already, some companies seem to be teetering on the edge of the precipice. It may take a cash infusion from the German government to keep DRAM maker Qimonda (QI) from going bankrupt; Taiwan's government is going to intervene to keep its own memory companies alive. Charter Communications (CHTR), the debt-ridden Paul Allen cable operator, has opened talks with holders of its $21 billion in debt in hopes of recapitalizing the company; equity holders could get wiped out. Nortel (NT) recently hired bankruptcy lawyers.
http://www.smartmoney.com/Investing/Economy/Plunging-Profits-and-Stock-Prices-of-Zero/?afl=yahoo
ksbigger,
Good points and congratulations on your profits.
However I doubt Ottawa will help Nortel in any significant way. They know that if they do it for Nortel there'll be a crowd of companies knocking at the door for the same kind of help.
restripe,
And during the last 5 years the stock did what again?
Answer: from $120.00 to $.027
Negative, the bankruptcy scenario hasn't been priced in otherwise the stock would be at $0.01.
I agree that the reverse-split has been priced in and that's because everyone know they'll have to do it.
However one thing remains to be priced in and that's either a SEC investigation or another unexpected big write-off.
Interesting article, thanks!
Rudolph,
They have nothing to sell. Perhaps their Metro Ethernet Network as therealtruth mentioned but then again their serious competitors already have that.
They have nothing to offer! Nothing!!!
And yes they may report record sales but sales mean nothing, profits do.
And how do we know that once again the SEC will bring up "irregularities" in the next quarterly report? They've done it before time after time.
OK, fair enough, but that remains your estimate and your way of thinking. No one knows what really will happen. You bring only positive scenarios.
Hi BLT321,
I don't have a position in NT right now but I'm watching it closely.
Good luck with your investment. Merry Christmas!
therealtruth,
I must have missed something here.
You claim this stock will go back up to $10 on what grounds?
Perhaps true, who knows, but some people were saying the same thing as you when the stock was $2 $1, $.50, etc.
The ones who took profit and ran are now laughing.
The ones who cut their loss are now happy they did.
The ones who held thinking that was the bottom now have heavy paper loss and there's nothing concrete out there that says it will go back up.
This stock could indeed go back up to $10 but it could also continue down to $.10.
joshg, I wish you the best. It might happen!