A View on View :: Hey, Nortel's Got Strategy

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Hey, Nortel's Got Strategy

by Mark Evans on Mon 21 Mar 2005 02:18 PM EST | Permanent Link

Woke up too early this morningÖ.had some time before the kids woke upÖ..needed to do something other than drink more coffee so decided to check out Nortel's SEC Q3 filing. Hey, guess what? Nortel's got strategy. It includes the following:
- "renewed commitment to practice and ethical conduct".
Translation: no more cooking the books no matter how tempting the financial incentives;
- "a streamlined organization structure".
Translation: possibly more layoffs but definitely no more martinis on the expense account
- "increased focus on enterprise market and customers".
Translation: Convince people it's not all Cisco, all the time.
- "optimized R&D programs".
Translation: more engineering jobs to China
- "establishment of chief strategy officer".
Translation: we need to establish a strategy.
- "strategic review of embedded services to assess opportunities in the professional service business.
Translation: study Lucent's business strategy.
- "a distinct focus on government and defense customers".
Translation: Call CEO Bill Owens' former colleagues and ask for some business.

Didn't see anything about strategic acquisitions or the sale of weaker units (i.e. optical) but perhaps that will come in the annual report.

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