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therealtruth, the company is what is wrong!
Wow, what do we have here? I leave a week and NT is now at .08!!!!
Nortel will survive, its shares won't!
NYBob, Good luck with your investment in HudBay. I finally took the plunge and got into it yesterday and today. For me it's a gamble as I won't be here to watch it as I'll be away for a while. There's risk or reward potential here so I only put in "gambling money".
Best of luck to us!
Bulldog, Best of luck with your investment in Dell. I love the company, I really do. I have had the pleasure to meet Michael personally a couple of times. I had breakfast with him a couple of times (he didn't eat much though, I remember he was jogging a lot back then). He is a class act!
I still think they need a new area of focus to sustain growth.
I'm off to a place where there aren't too many civilian computers around. I may be gone a week or I may be gone a year+, who knows, I don't. It's sudden but then again, it's life.
Best to you!
Buckey,
Best of luck to your friend Claude and its countryman Michel T(can't spell his last name) in Pittsburgh. It looks like Michel is going from Hero to Zero soon. Undeserved!
I'm off on an adventure a bit away from here which may put away from hockey for a while, hopefully not!
Cheers!
True bbb, how true... but it's a big "if".
Best of luck!
It's nice to see everyone happy after the stock went up one whole penny. Good for you guys!
I'm off for at least a week, could be longer. A few weeks ago I was supposed to leave on this kind of trip for a week and left for a 1.5 year.
I wish you all longs the best of luck. You certainly deserve it.
For those of you who think I only bring doom and gloom to this board rest assured that I just have a different opinion of this stock. I like Nortel, I just don't have faith in its future. After all isn't it financially healthy to consider both sides of the coin?
Best of luck to you all! I really mean it!
I respect your opinion, I don't agree with it but I respect it. Good luck to you!
Marine, it looks like the dumpers are gone!
That's quite an ugly chart IMO!
Yes, I stand corrected, Good for you all!
That's nice!
Now if only someone could breathe new life into NT.
Yeah, Flat for the day. Well at least it didn't go down.
therealtruth, Lots of innovations in technology also came out while the stock went from $120 to $1 (PRE-REVERSE-SPLIT).
There were also a lot of innovation accounting wise .
Keep in mind the currency exchange rate sometimes affects the CDN stock value.
I still can't get over their nb. of goals scorred vs goals allowed, so impressive and quite unexpected!
I guess we'll have to wait for the next earnings release.
Yes, for now it is. Indeed!
Perhaps bankruptcy within weeks!
At least according to this article
http://www.metronews.ca/ottawa/comment/article/163839
Nortel bondholders seen preparing for the worst
http://www.theglobeandmail.com/servlet/story/RTGAM.20090108.WBstreetwise20090108093428/WBStory/WBstreetwise
It's your question, not mine.
Prudent, I could not agree more with you. ANYTHING is possible, especially with this stock.
bkstocks, I saw a bid at $0.01 a couple of days ago.
therealtruth, I've been watching for a while. This is what I have seen and I did indeed learn.
http://clearstation.etrade.com/cgi-bin/details?Symbol=NT&csize=10&PositionId=7782420&Event=peek&period=d
That 30-day waiver expires next week.
http://pr-usa.net/index.php?option=com_content&task=view&id=150575&Itemid=96
It looks like Ciena may steal business from Nortel
http://www.fool.com/investing/general/2009/01/07/this-just-in-upgrades-and-downgrades.aspx
It's been expected for a while now so wouldn't it be already priced in the stock by now? Maybe it saved NT from being in the teens right now, who knows?
I don't think Nortel has much to brag about right now to boost the value of their stock. A policy of silence might the best strategy right now, short term anyway.
Marine, and on the other hand, if NT starts selling divisions piece by piece they'll never get the upward investors reaction some people here expect.
I'll go on a limb here and predict Boston will start running into injuries and troubles in the next 3-4 weeks.
Cheer up Marine, ignore the doom and gloom, I have a feeling tomorrow will be a good day for NT. Hang in there!
What a beating INTC and MSFT took today. I'm suprised Dell held so well. Yes, that's a neat new product they announced today but it's not like it'll revamp the company.
bbb, to be honest with you, I agree. But I don't think they will get the $1-$2B people think they'll get. Suitors will wait it out, why wouldn't they?
That is quite impressive indeed!!!
josh, I'm not surprised. If they file for Chapter 11 the creditors will give it away for almost nothing, they may as well get whatever they think they can get for it now and buy themselves a couple of months of survival.
Share dump, yes that makes sense, I believe yesterday it was Shorty so the share dump scenario makes sense to me. Thanks!
bbb, that can't be, I've read somewhere the MEN will fetch for 1 or 2 Billion......
Deflation in tech sector hurts profits
http://www.financialpost.com/scripts/story.html?id=1149122
Sweet product!
Intel warned! Why is Dell green today?
Negative Outlook for Global Telecom Equipment Sector in 2009
http://www.cellular-news.com/story/35374.php