Nortel's 2004 Results…Ho, hum
Nortel posted its first and second-quarter results yesterday, which should
provide quick relief to anyone with insomnia. If analysts forced to pour
over the numbers can find any surprises, it would be a real shocker.
Frankly, Nortel needs to issue some boring, head-bobbing news to provide all
of us - analysts, employees, the media, customers - with a much-needed a
break. I mean, there is only so much corporate drama we can take. That said,
anyone expecting Nortel to have a nice, quiet year where it can focus on the
business will be disappointed. It still has three quarters of financial
results to release, an AGM - or two - to hold, class-action lawsuits to
battle, and a whack of investigations being conducted by the SEC, OSC, FBI
and RCMP. Can't wait for the Nortel movie!
