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Nortel Talks Numbers
While Nortel will file its 2004 fourth-quarter and annual results today with the SEC, analysts will have to wait until 8 a.m. Monday for a conference call with CEO Bill Owens and CFO Peter Currie. It is certainly not the best scenario for analysts who likely have to spend the weekend pouring over financial statments – if they are actually available – to prepare for the conference call. To appease the analyst community, Nortel would do itself a lot of good by holding a lenghty call to allow for plenty of questions. The 25-minute, four-question conference call earlier this week to announce the US$448-million acquisition of PEC Solutions Inc. left much to be desired. Perhaps Nortel is so focused on internal processes, it has lost touch with external perception. It's out there and it's becoming a factor if the Nortel's failure to win any of the US$19 billion BT contract is any indication.