What's Nortel Up to?
March 10th, 2006 Posted in Main Page, Nortel Networks
Nortel is holding a teleconference tomorrow (Friday) at 8 a.m. with CEO Mike Zafirovski, CFO Peter Currie and v.p. of investor relations Terry Glofcheskie. The Webcast can be found here. Maybe it's the overview of the company's $1.9-billion R&D plans that Mike Z. talked about a couple weeks ago at a RBC conference in Whistler. Maybe it's an acquisition.
Update: Nortel is posting its Q4 and 2005 results today. You wonder why the company was so coy in its advisory, and why it only provided 12 hours notice of their release.
Update II: Nortel also provided details about yet another financial restatement - this one focused on an extensive review of many contracts last year to comply with more conservative accounting practices.
March 9th, 2006 at 10:07 pm
I don't think they'd announce an acquisition this way. Seem like a routine get-together with the analyst/investor community. Roadmap stuff.
March 9th, 2006 at 10:11 pm
Q4 results?