Nortel Networks (fka NRTLQ)

[napolm01]

nortel will survive the debacle easily 33000 employees and a history of good relations with the canadian government via the EDC virtually guaratees available financing besides there is room to cut 500 million from R&D along with already identified cuts of 400 million. That can offset my anticipated decline in profits from economic downturn gains in currency re the weakness in the canadian dollar will add not detract from profit but add to it as most of the staff is paid in canadian that preserves the existing cash of over 2 billion you are being suckered into selling none of the top executives have been selling theirs and no insider has sold any amount that shows any panic this could be the best buy on the planet the losses of this year were mostly extaordinary charges that will not recur