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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Nortel is toast as are most of the other telecomms in their
Post #63,057
by boxley
11/15/02 12:05:04 PM
Reply
New Nortel is toast as are most of the other telecomms in their
current incarnation. They were in an aquisition mode and used leveraged money to purchase billions of dollars in other companies that are now worth only a fraction of they aquisition prices. However the loans are still coming due and the market is not expanding enough to pay base costs. I forsee more bankrupcies and new companies bying up value at pennies on the thousand bucks. Its not at the bottom yet.
thanx,
bill
will work for cash and other incentives [link|http://home.tampabay.rr.com/boxley/resume/Resume.html|skill set]
"Fifty-one percent of a nation can establish a totalitarian regime, suppress minorities and still remain democratic." Correction: All that can be achieved with 51 percent of the voters!" Ilanna Mercer
Post #63,061
by jake123
11/15/02 1:04:02 PM
Reply
New I'm not sure that they'll be toast.
They do have some long term contracts with companies like BCE, as well as the various govs up here. While your telecom industry is undergoing serious contraction, ours is not... people are continuing to buy new services up here. They might take some major write-downs, but I suspect that they have a good chance of surviving, albeit at a much smaller size.
--\r\n-------------------------------------------------------------------\r\n* Jack Troughton                            jake at consultron.ca *\r\n* [link|http://consultron.ca|http://consultron.ca]                   [link|irc://irc.ecomstation.ca|irc://irc.ecomstation.ca] *\r\n* Laval Qu\ufffdbec Canada                   [link|news://news.consultron.ca|news://news.consultron.ca] *\r\n-------------------------------------------------------------------
     Boss To Analyst: "We're Missing this [Enron] Thing" - (deSitter) - (3) - Nov. 15, 2002, 10:40:50 AM EST
         What do you mean, threatened? - (jake123) - (2) - Nov. 15, 2002, 11:28:20 AM EST
             Nortel is toast as are most of the other telecomms in their - (boxley) - (1) - Nov. 15, 2002, 12:05:04 PM EST
                 I'm not sure that they'll be toast. - (jake123) - Nov. 15, 2002, 01:04:02 PM EST

Right here in River City!
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