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story category Nortel Struggles To Overcome Profit Losses
Hope to be back on top in a few years
02:21PM Saturday Mar 08 2008 by KathrynV
tags: business · trouble · networking
Telecom manufacturer Nortel has announced their 2007 financial results and the news isn’t good.
Nortel reported a net loss for 2007 that totaled $957 million ($1.98 per share) -- a steep decline from the year earlier, when Nortel reported net earnings of $28 million ($0.06 per share). Revenues at Nortel were also on the decline in 2007. The company reported that fiscal 2007 revenues came in at $10.95 billion, down from $11.42 billion in 2006."
Despite being on the decline, Nortel insists that it’s poised to “compete against any company in the world”. The company’s goal is to return to their former profitability status by 2010 which they plan to do primarily by making leaps in mobile broadband and Carrier VoIP offerings. They are also in the municipal wireless business although they’ve announced no specific plans as to how that fits in with their financial projections.

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Forums » Nortel Struggles To Overcome Profit Losses
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youngmoore

join:2001-03-16
Marietta, GA
·Sprint Mobile Broa..
·Windstream
·Cavalier Telephone

Thanks John Roth

Thanks to your lack of well everything including common sense a once great company is still struggling to get back on its feet after your "attempt" at running it. Do us all a favor and stay under your rock and don't even attempt to run a ice cream store.

ym
permalink · 2008-03-08 15:13:41 · Reply to this

koam
Pink Pecker
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join:2000-08-16
Eagle River, AK
clubs:
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Nortel Struggles To Overcome Profit Losses

"Nortel Struggles To Overcome Profit Losses"

What the #$#@ does that mean?

It must be the weekend at BBR.
--
YOU can help reduce poverty, sustainably.
»www.kiva.org/lender/kenandart
permalink · 2008-03-08 18:06:22 · Reply to this

fireflier
Coffee. . .Need Coffee
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join:2001-05-25
Limbo
·RoadRunner Cable

Re: Nortel Struggles To Overcome Profit Losses

If you have concerns regarding the quality of news posted on DSL Reports, you can always submit your own stories for posting. . .

Don't know about you, but I don't pay Justin and Karl monthly for a news subscription so I don't expect dramatic, breaking news stories 24/7.
--
Wishes: When you wish upon a falling star, your dreams can come true. Unless it's really a meteorite hurtling to the Earth which will destroy all life. Then you're pretty much hosed no matter what you wish for. Unless it's death by meteor. --despair.com
permalink · 2008-03-08 18:42:34 · Print · Reply to this

koam
Pink Pecker
Premium
join:2000-08-16
Eagle River, AK
clubs:

Re: Nortel Struggles To Overcome Profit Losses

Thankfully, those two know how to write well.
permalink · 2008-03-08 18:45:09 · Reply to this

Thane_Bitter

join:2005-01-20
London, ON

More like Nortel Struggles To Pick Next CEO!!

said by koam See Profile :

"Nortel Struggles To Overcome Profit Losses"

What the #$#@ does that mean?
Apparently, they are not haemorrhaging money fast enough.

But seriously, what is left of this company? Massive job cuts year after year, the sale of much of their manufacturing facilities, cuts in R&D funding, and how many years have they restarted their financials?

Nortel cannot seem to escape the hardship brought on by former CEO Roth, whose replacement Frank Dunn (and his creative accounting techniques) really keelhauled the company. Short termed replacement CEO Admiral Owens only stuck around long enough to transfer his flag (and executive bonuses) before jumping ship and leaving poor Mike Zafirovski at the helm.

I would not be half-surprised if the Board called in Lisa Hook, my understanding is she is an expert at her field.
--
...A bitter ray of sunshine
permalink · 2008-03-08 19:21:46 · Print · Reply to this

SnowyOne
Premium
join:2003-04-05
Kailua, HI
·Clearwire Wireless
·RoadRunner Cable

Re: Nortel Struggles To Overcome Profit Losses

said by koam See Profile :

"Nortel Struggles To Overcome Profit Losses"

What the #$#@ does that mean?

It must be the weekend at BBR.
I'll assume the point that you have tried to communicate is that the headline "Nortel Struggles To Overcome Profit Losses"
could have been written better.
Would you be willing to clarify the point of your post reply?
permalink · 2008-03-08 20:05:43 · Print · Reply to this

koam
Pink Pecker
Premium
join:2000-08-16
Eagle River, AK
clubs:

Re: Nortel Struggles To Overcome Profit Losses

It's a nonsensical headline. (Let's not even get into the subhead.)

What are "profit losses" and do companies "struggle to overcome" them?

It's god-awful.
permalink · 2008-03-08 20:16:18 · Reply to this

SnowyOne
Premium
join:2003-04-05
Kailua, HI
·Clearwire Wireless
·RoadRunner Cable

Re: Nortel Struggles To Overcome Profit Losses

said by koam See Profile :

It's a nonsensical headline. (Let's not even get into the subhead.)
The subtitle simply reflected Nortels preferences.
"Hope to be back on top in a few years"?
Clearly, it indicates a more traditional position that Nortel prefers.

permalink · 2008-03-08 20:52:10 · Reply to this

koam
Pink Pecker
Premium
join:2000-08-16
Eagle River, AK
clubs:

Re: Nortel Struggles To Overcome Profit Losses

useless drivel
permalink · 2008-03-08 20:56:51 · Reply to this

SnowyOne
Premium
join:2003-04-05
Kailua, HI
·Clearwire Wireless
·RoadRunner Cable

Re: Nortel Struggles To Overcome Profit Losses

said by koam See Profile :

useless drivel
I just figured that out.
Humor is not the only in short supply.
Should the opportunity to do it in any position ever arise for you I suggest you seize the moment & go for it.
I suspect they will be rare opportunities for you.
permalink · 2008-03-08 21:06:26 · Reply to this
GameGuy369

join:2004-07-09
Olathe, KS
clubs:		 Maybe your wanting it to say:
"Nortel Struggles to Overcome Revenue Losses"
permalink · 2008-03-09 23:56:09 · Reply to this
jester121

join:2003-08-09
Lake Zurich, IL

Re: Nortel Struggles To Overcome Profit Losses

How about just "...overcome losses"?
permalink · 2008-03-10 11:18:20 · Reply to this
tmc8080

join:2004-04-24
Floral Park, NY

hocking dsl tech.

stop hocking the dsl technology an jump on the fiber bandwagon..
permalink · 2008-03-09 08:01:03 · Reply to this
Forums » Nortel Struggles To Overcome Profit Losses

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