Analyst raises concerns over Nortel's liquidity
"We are increasingly concerned about Nortel's liquidity given deteriorating conditions," UBS analyst Nikos Theodosopoulos wrote in a note to clients.
"We would expect Nortel to get more aggressive with its restructuring efforts in order to prop the business model, particularly as the environment toughens," Theodosopoulos wrote.
However, he added: "The company will most likely also have to contend with cash restructuring charges, including severance, limiting the total benefit."
"We are increasingly concerned about Nortel's liquidity given deteriorating conditions," UBS analyst Nikos Theodosopoulos wrote in a note to clients.
"We would expect Nortel to get more aggressive with its restructuring efforts in order to prop the business model, particularly as the environment toughens," Theodosopoulos wrote.
However, he added: "The company will most likely also have to contend with cash restructuring charges, including severance, limiting the total benefit."