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No. of Recommendations: 3
The problem is that for the last couple of years, Nortel has been a "penny stock" by TMF definition, which usually means that the board would be dropped. In the case of Nortel, there is a high enough market cap that TMF decided not to treat it as other penny stock boards.

As for the company, do we really know what the plans for the future are? They have spent the last several years getting their books straight, and many potential investors want to see a few quarters of numbers they can trust before coming back.

The other concern is trying to figure out what will be left of the company after they finish selling off pieces. They basically dumped the hardware to Flextronics, and just as 3G is starting to take off in the US, they sell that to Alcatel. Can anyone tell us exactly what markets Nortel is going to try to dominate going forward? As Tom Peters once said, "you can't cut your way to greatness".

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