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Re: Nortel Looks for New CTO; Needs Strategic Acquisitions
by
Anonymous
There is so much ONGOING bad news with so much more yet to come with Nortels fines, legal fees, debt repayment, lawsuits, etc...
How much did their partnerships with RIM, IBM, Symantec, Microsoft make to recently announce partnering with intel, trying align themselves with successful microcomputer consumber based brand names seems as desperate as advertising to the end user than their vertical markets.
Always announcing fluff like selling to librarys or even a tribe in a mall, ploys in desperation....
They are losing money... like their earinings losing ventures, LG down 70% profits, PEC declining profits since 2002, NT continuing down trend from worst yesr since mid 1990's..
Rapidly depleting cash with debt to pay from this as no one will finance unrelaible financials let alone losing money...
Board resigns in plea bargain, Gary and Deroma suddenly quit, and no one wants anything to do with these ongoing bonus happy frauds still there remaining silent as they await fraud charges...
How can this silent misleading company embroiled in fraud still trade to this very day after so many delays in silence to furnish unreliable numbers on a recount of a recount, a restated restatement, they changed last second becuase they were dissatisfied with the numbers... yet they can pay themselves bonuses and forecast with them...
They should pay the defrauded first, those they have robbed where the most sinister of terrorists would applaud for what they have done to so many North American lives before gambling the money on ventures that make exponentially less sense than their bubble acquisitions that lost billions... Let the lawsuits commence, settle or go to trial! No more stall tactics, so many dear lives suffer chronically to their actions, as this once largest traded stock reuins the equities markets and out economy. Who the hell trusts the markets with crooks like this and the increased fraud?! Who is doing anything about this? Cetainly not the government embroiled in ad scandals of their own with an exponentially worst opposition.
Some one has to speak out! Thanks Mark in assisting to shed light in many areas, we need some real criticism with teeth as they still have a bonus structure entact they fixed at the AGM, and still make CFOs CEOs, where nothing has changed.
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