India comes to Nortel's rescue


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desi in ottawa   
Member since: May 04
Posts: 1627
Location:

Post ID: #PID Posted on: 15-12-04 14:06:38

http://www.ottawabusinessjournal.com/282150361432676.php

Nortel's Q3 revenues fall short, wins Indian wireless deal

Huh! when will Nortel act straight? Developing coutnries need to rescue.



BlueLobster   
Member since: Oct 02
Posts: 3409
Location: Mississauga

Post ID: #PID Posted on: 19-12-04 23:03:10

Most of the stories in American newspapers focus on the outsourcing aspect and how they're losing jobs to India. Wonder if anybody's paying attention to these contracts these big US/Canadian companies are landing there.

I know Lucent's gone in big time in India too and it is really helping their bottomline.


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YoursTruly   
Member since: Jul 04
Posts: 274
Location: Brampton

Post ID: #PID Posted on: 20-12-04 12:14:41

In fact Nortel got hit to the tune of $250 million in order to get a bigger piece of the Indian pie. It already had $1b order and now another $500m to boot.

Personally I rate Nortel technology as the best. It spends awfully large amount of money on R&D. Despite accounting delays and its associated problems, Nortel has been getting contracts from all over the world. I feel once it files its statements in January 2005 (???) and analysts get down to valuations, the share price movements would be more predictable.


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