PowerLinx Inc (PWNX)

[DeadManWalkingInGA]

OT:

Nortel shocks investors with warning of $3.6B loss
http://www.usatoday.com/money/tech/2001-10-02-nortel.htm


Items taken from the article.

Did the CEO lie or was he being optimistic about the future?

“In the near future, Nortel expects quarterly revenue of less than $4 billion. That's a far cry from the $5 billion Nortel told investors to expect just months ago. “

“In July, Nortel posted a stunning $19.4 billion second-quarter loss, including asset and inventory write-downs.” “That includes a $750 million write-down of excess inventory.”

I wonder how many MBAs and Harvard types they have at Nortel? In business things don’t always go as planned.

“"Visibility," or the ability of management to predict future results, is still cloudy”
“In regular trading, shares fell 3% to $5.29 — 92% off their 52-week high of $70.”

Did Roth step down as CEO for the company or because a message board poster told him too??

“CEO John Roth would be replaced”” Roth will become vice chairman”

Is Seaview the only stock whose share price is off this year? Not by a long shot.
Can some of our problems be pinned on the former CEO? Yes.
All of our problems? No
Do we have a new CEO and Management team at Seaview? Yes
Do people want to talk about the future of Seaview on this board (beside Bigbizz)? No
Do people want to talk about the new management team at Seaview? No
How many here think this board should be re-labeled the Rich and Frank show?