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.

[Track]

Nortel Gets Advice From Lazard, Cleary, People Say

http://www.bloomberg.com/apps/news?pid=20601087&sid=aCd6ZZtqnK8U&refer=home

Dec. 10 (Bloomberg) -- Nortel Networks Corp., North America’s largest maker of phone equipment, is working with Lazard Ltd. and law firm Cleary Gottlieb Steen & Hamilton on options, including a possible bankruptcy filing, according to people familiar with the situation.
Nortel said today it engaged advisers to plot strategy and is striving to improve its financial footing. Lazard, the investment firm led by Bruce Wasserstein, and James Bromley, a lawyer at Cleary, will help decide whether bankruptcy is the best option, according to the people, who declined to be identified.
Nortel, whose predecessor was founded more than a century ago, has lost 97 percent of its market value this year as customers reined in spending and switched to newer technology from Cisco Systems Inc. and other rivals. Nortel has posted almost $7 billion in losses since Chief Executive Officer Mike Zafirovski took over in 2005, fueling speculation of a bankruptcy.

 

[LostRabbit]

Bloomberg.com: Worldwide

Dec. 10 (Bloomberg) -- Nortel Networks Corp., North America’s largest maker of phone equipment, is working with Lazard Ltd. and law firm Cleary Gottlieb Steen & Hamilton on options, including a possible bankruptcy filing, according to people familiar with the situation.
Nortel said today it engaged advisers to plot strategy and is striving to improve its financial footing. Lazard, the investment firm led by Bruce Wasserstein, and James Bromley, a lawyer at Cleary, will help decide whether bankruptcy is the best option, according to the people, who declined to be identified.
Nortel, whose predecessor was founded more than a century ago, has lost 97 percent of its market value this year as customers reined in spending and switched to newer technology from Cisco Systems Inc. and other rivals. Nortel has posted almost $7 billion in losses since Chief Executive Officer Mike Zafirovski took over in 2005, fueling speculation of a bankruptcy.

华尔街那帮大佬明摆着要把北电往死里整. 这报道不就是想说一个临终的人准备写遗书留遗嘱? 结果是什么?
-那些本来要给MEN下OFFER的吓都吓死了,
-供应商要上门追讨货款.
-客户撤定单.
-各级经理,员工要抢着上救生艇(layoff)

黑暗的华尔街......

 

[LostRabbit]

汤恩伯将军的国军主力可以准备出击了. 虽然不能改变战场大局, 搞个台儿庄大捷是有可能的.

有西北军的敢死队弟兄吗?

 

[大宋人]

据说现在国内北电的工程师做业务不行，但对帘子店倒如数家珍。张铁生之流水平的也去北电做经理了。

国内可以试试能不能收购，最好是收人去中国，人才是最宝贵的财富。

 

[Green158]

本来MEN 着个部门的赢利能力还不错,现在客户一听见要卖,就没人买啦,其二,很少有公司卖部门,连DEAL都没有,自己把价给抛出来,说要卖700 到800 M USD , 现在MARKET CAP 就是这个一半.华为出100M+,我认为太多啦..

再说, 看看TELUS 和ROGES 等在加拿大新建无线网, 供货商人家都没考虑NORTEL. SHAME 吧!! 现在实在看不出NORTEL 还有哪个产品线能有潜力.

关键是钱, EMPLOYEE PENSION FUND 的赤字哪么大,好几个BILLION ,还有2011年到期的贷款, 股票信用市场这么差,哪儿出搞到这么多钱来添.
就哪么点CASH, 一年BURN 700M 加上重建的COST ,除非有奇迹发生,否则2年内肯定会FILL 破产保护.

政府会救NORTEL ... 做梦吧....

As I said ,Nortel is preparing for bankruptcy protection . No surprising here.

 

[Green158]

NT may be kicked off exchange

buying it at PINK Sheet will be soon ! 就差临门一脚。

接着等。。。

It is close to buy NT in PINK Sheet market if NT does not reverse split agin .


*****************************************************
Nortel Networks may be kicked off exchange

Nortel Networks receives notice from NYSE to boost share price or face delisting

• <LI class=byline>The Associated Press
• Thursday December 11, 2008, 2:38 pm EST

• <LI class=yfi_share_buzz>Yahoo! Buzz
• Print

Related:

• Nortel Networks Corp.

Nortel Networks, the network equipment maker, said Thursday it has received notice from the New York Stock Exchange that its average share price has fallen below the $1 minimum to remain listed.
Related Quotes


SymbolPriceChangeNT0.400.00



{"s" : "nt","k" : "c10,l10,p20,t10","o" : "","j" : ""}
The Toronto, Ontario-based company said it has six months to bring its stock price up or it will be taken off the exchange.
Nortel said it will notify the exchange within the required 10 days that it plans to bring its share price up and may propose consolidating shares in an annual meeting scheduled for the spring.
The company's shares haven't traded above $1 since Nov. 10. The stock plunged further on Wednesday after The Wall Street Journal reported on its Web site that the company had sought legal advice for a possible bankruptcy, though a spokesman told the newspaper no filing is imminent.
Nortel posted a loss of more than $3 billion in its last quarterly filing and is in the midst of a restructuring plan designed to bring costs down by $400 million.
Shares were flat on Thursday at 40 cents.

 

[Track]

LostRabbit:我准备在U$0.66处挂一个3000股买单,总投资U$2000.

作者: LostRabbit
...
关键看风险承受力. 我准备在U$0.66处挂一个3000股买单,总投资U$2000.
也就算圆一个2000年8月份时要$2,445,000才能圆的3000股北电股票的"梦想"($815*3000 = $2445000)

做好所有$2000变废纸的准备, 不管输赢,不止损,不加钱.

D'accord, me too!!!

Did you buy the US$2000? It is even cheaper now. US$0.26 close.

 

[LostRabbit]

作者: LostRabbit
...
关键看风险承受力. 我准备在U$0.66处挂一个3000股买单,总投资U$2000.
也就算圆一个2000年8月份时要$2,445,000才能圆的3000股北电股票的"梦想"($815*3000 = $2445000)

做好所有$2000变废纸的准备, 不管输赢,不止损,不加钱.



Did you buy the US$2000? It even cheaper now. US$0.26 close.

Only $750 left, not that bad, better than those bought at $20, $10, $5, $2.....

LOL....... It is a part of life.

 

[长期往返]

CANADA IS NOT STATES, WE WILL SAVE NORTEL.WE NEED HIGH TECH COMPANY LIEK NORTEL TO BE THERE, IF I AM PM, I WON'T LET IT GO. BY THE WAY , I STRONGLY BELIEVE MR.HARPER WILL GET THE SACK IF HE DOES NOT CARE ABOUT SAVING CANADIAN JOBS!

 

[LostRabbit]

美国的三大汽车厂,居然得到了加拿大政府,几十亿美元的资助.

而北电的员工和股东居然没有一个象样的情愿? 游说也好,向政府请求帮助. 谁都拉不下脸求人, 看汽车工人阶级多风光, 产品没竞争力,政府象供神一样对他们.生怕工人阶级造反.

纽约时报和华尔街日报已经把北电列为2009 十大肯定不存在的公司之一.加拿大政府和媒体在干什么? Nothing but following US's media.

加拿大政府真正需要帮助的是北电,而不是美国这几个设在加拿大的汽车厂.

 

[register]

美国的三大汽车厂直接雇用了上万人的加拿大工人，带动数十万人的汽车相关产业。北电呢？在加拿大不过雇用区区数千人，从原材料到最终用户都与本国经济不相干。

 

[雪岭云杉]

美国的三大汽车厂直接雇用了上万人的加拿大工人，带动数十万人的汽车相关产业。北电呢？在加拿大不过雇用区区数千人，从原材料到最终用户都与本国经济不相干。

 

[我等屁民]

投入北电要多少钱？能解决多少人的失业问题？带动多少附加经济？
投汽车业要多少钱？能解决多少人的失业问题？带动多少附加经济？

都不是傻瓜。

 

[Adenine]

挽救NT，能救多少人，能换几张选票？不管是哪个党，都会算这个账吧

 

[Track]

UPDATE - Nortel shares plunge ahead of interest payment

By Wojtek Dabrowski
TORONTO, Jan 13 (Reuters) - Shares of Nortel Networks Corp (NT.TO)(NT.N) fell more than 20 percent on Tuesday, two days before the struggling Canadian telecom equipment maker is due to make an interest payment of about $107 million.
UPDATE 1-Nortel shares plunge ahead of interest payment | Markets | Markets News | Reuters