北电正式申请破产保护,股票代号NT已经被纽约证券交易所取消.
- 主题发起人 LostRabbit
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LostRabbit
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你买卖股票就看当天或几个月的数据? REVERSE SPLIT是两年前的事,我说它现在的股票相当于RS前的0.67,是很客观的事实. 几十年前的NRC,跟现在的相关性就很小了没有必要提了.
我说它现在到了RS前的0.67,是说明NT从2001到现在,经历了两个轮回,从股票市值角度又回到了2002的最低点.OTTAWA拥有或曾经拥有NT股票的人比例是很高的,很多NT股票持有人都有一个心路.这样转一圈又回到了5年前的极端低位,而感叹一下,应该很合情合理吧?
不知道你说写文档和这个话题有何紧密联系?NORTEL现在出现亏损,大量裁人,它有它的种种弊端,很多股民被市场所左右而忽视NT真正的价值.
现在的情况和2002年类似之处是机遇和风险都极高.这是我用两年前RS数据说事的根本所在.$1可能变成$0.5, 或$0.3,也有可能变成$3或$5或$8. NT股票的VIX就很大.上下振幅就很大.
听你的口气好象很瞧不起写文档的博士,你知道中国很多高端企业为什么还不能进入北美吗?你知道华为的文档在客户眼中和NT/ALU/LU的差距吗?你知道他们来的人找谁做咨询?
你知道华为中兴来参加国际标准讨论的感受是什么吗? 中国企业是有很长足的进步,但是这就能把这里的百年老店比得都一无是处了?
LostRabbit
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你非但无知而且无理.等你哪天有和类似李一男,郑宝用,倪勤, 殷一民,周苏苏等公事的经历,再来讨论华为等中国员工和NT员工(股东)素质比较好.现在或曾经在NT工作的人原来90年代在华为和中兴创业的时候,你在哪里? 请自重.
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I haven't traded NT for a fairly long time, but seems many people here are interested in NT. Here are my two cents:
1. There are no significant differences between Nortel Networks’ longer term growth and growth in recent years. Annual revenue growth has been −13.9% per year. Total asset growth has been −7.9% per year. Annual E.P.S. growth has been −27.5% per year. Equity growth has been −25.1% per year.
Nortel Networks’ historical income statement growth and balance sheet growth have diverged. Revenue growth has fallen short of asset growth; earnings growth has paralleled equity growth. With all those negative growth, how much uptrend room can we expect?
2. NT is too large and continues to suffer from too much legacy product market exposure to avoid the prevailing challenging carrier capex growth and pricing environment. The revenue disappointment together with higher-than-forecast opex offset solid gross margin to drive disappointing operating margin and the significant EPS shortfall. While Nortel generated a 70 basis points sequential increase in gross margin to 43.7%, operating margin came in at a disappointing 7.6%. On a positive note, Nortel commented that a significant portion of the higher than forecast operating expenditures was driven by sales commissions which are tied to orders as opposed to revenues. Nortel also announced further restructuring initiatives with plans to reduce its workforce by an additional 2,100 employees and to migrate an additional 1,000 jobs to lower cost regions.
3.Nortel offered the following guidance for calendar 2008:
CY08 Revenue: Low single digit growth. Assuming 3% growth, Nortel’s projection would translate to approximately $11.28bln which is lower than the Wall Street Consensus.
CY08 Gross Margin: Approximately 43%
CY08 Operating Margin: A 300 basis point increase, which translates to approximately 6.7% which is lower than Wall Street consensus’s previous 7.7% estimates.
4. One concern of NT is regarding its ability to drive meaningful rev growth while driving further margin gains sufficient to drive meaningful upside to NT’s stock. In short, NT faces numerous challenges in meeting its updated guidance given the ongoing constrained carrier capex environment. In order to drive meaningful EPS upside, NT will need to drive opex as a percentage of rev to levels that NT and few of its peers have ever achieved or sustained.
Overall, I still think NT is a MOMO play not a investment play at all.
1. There are no significant differences between Nortel Networks’ longer term growth and growth in recent years. Annual revenue growth has been −13.9% per year. Total asset growth has been −7.9% per year. Annual E.P.S. growth has been −27.5% per year. Equity growth has been −25.1% per year.
Nortel Networks’ historical income statement growth and balance sheet growth have diverged. Revenue growth has fallen short of asset growth; earnings growth has paralleled equity growth. With all those negative growth, how much uptrend room can we expect?
2. NT is too large and continues to suffer from too much legacy product market exposure to avoid the prevailing challenging carrier capex growth and pricing environment. The revenue disappointment together with higher-than-forecast opex offset solid gross margin to drive disappointing operating margin and the significant EPS shortfall. While Nortel generated a 70 basis points sequential increase in gross margin to 43.7%, operating margin came in at a disappointing 7.6%. On a positive note, Nortel commented that a significant portion of the higher than forecast operating expenditures was driven by sales commissions which are tied to orders as opposed to revenues. Nortel also announced further restructuring initiatives with plans to reduce its workforce by an additional 2,100 employees and to migrate an additional 1,000 jobs to lower cost regions.
3.Nortel offered the following guidance for calendar 2008:
CY08 Revenue: Low single digit growth. Assuming 3% growth, Nortel’s projection would translate to approximately $11.28bln which is lower than the Wall Street Consensus.
CY08 Gross Margin: Approximately 43%
CY08 Operating Margin: A 300 basis point increase, which translates to approximately 6.7% which is lower than Wall Street consensus’s previous 7.7% estimates.
4. One concern of NT is regarding its ability to drive meaningful rev growth while driving further margin gains sufficient to drive meaningful upside to NT’s stock. In short, NT faces numerous challenges in meeting its updated guidance given the ongoing constrained carrier capex environment. In order to drive meaningful EPS upside, NT will need to drive opex as a percentage of rev to levels that NT and few of its peers have ever achieved or sustained.
Overall, I still think NT is a MOMO play not a investment play at all.
