A View on View :: Nortel Considers Share Reversal

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Nortel Considers Share Reversal

by Mark Evans on Thu 16 Feb 2006 02:18 PM EST | Permanent Link

Nortel, which has a kazillion shares outstanding (actually close to 4.9 billion if a class-action lawsuit settlement plan goes through) is thinking about a reverse stock split to revive its stock price, which is struggling below $4. Shareholders may get to vote on the proposal at the company's AGM in May. Nortel also disclosed compensation packages for its senior executives, including CEO Mike Z.

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Re: Nortel Considers Share Reversal

by Anonymous on Thu 16 Feb 2006 05:50 PM EST | Permanent Link

Great idea! Rather than tackling the difficult task of turning around the company, we'll just reverse split and just maybe the stock will double in price. Or not!

-Randy

P.S. not joking!

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