A View on View :: Nortel's Q2 Results

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Nortel's Q2 Results

by Mark Evans on Tue 19 Jul 2005 01:25 PM EDT | Permanent Link

Now that Nortel is back to a "normal" financial reporting schedule, its second-quarter results will be out Aug. 3. They should provide some more insight into a couple key areas such as how much progress the company is making in the enterprise market; the state of the wireless and optical markets, and any contribution by PEC Solutions, which was picked up earlier this year for $448-million. Maybe Nortel will offer a counter-rebuttal to some of the comments made recently by ex-COO Gary Daichendt, who made it clear it was a difference "style" rather than strategy that prompted his resignation last month. So far, Nortel has taken the high ground in the embarassing divorce but maybe Daichendt has changed the rules with his outburst.

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Nortel Networks

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Re: Nortel's Q2 Results

by Anonymous on Wed 20 Jul 2005 08:08 AM EDT | Permanent Link

Mark - I'm not sure Nortel would disagree with what Daichendt said. Daichendt basically said the disagreement was over style, which is exactly what Owens was quoted as saying in the press release talking about the resignation. I think at the AGM Owens also said something similar.

Daichendt seems ticked off that Nortel didn't go to bat for him and defend him after the Citizen article showed up. Nortel doesn't really have a great track record for communication so I am not surprised. But I doubt them to say a word on this.

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