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Zafirovski Bullish
By Mark Evans | May 3, 2007
Say what you will about Nortel CEO Mike Zafirovski but no one can accuse him of not being bullish or optimistic. At the company’s annual meeting in Ottawa yesterday, he declared Nortel “will be great again”, and that “we are poised, once again, to define a new era in communications”, and that “Nortel is on the offense again - for the first time in many years”. No doubt Zafirovski can talk the talk but can he make Nortel walk the walk?
You have to give him credit for fixing Nortel in the wake of an accounting scandal where the focus was more on bonuses more than ensuring the company was well-positioned to compete in an increasingly competitive and volatile market. But now what? Nortel talks about its hopes for IP-TV, services and hyper-connectivity but the proof will be in the pudding to see if strategic aspirations can turn into solid financial results. For people interested in fundamentals as opposed to bullish proclamations, it will be interesting to see if there is cause for optimism within Nortel’s first-quarter results, which will be released after the markets close today.
Update: For more on Nortel’s strategic plans, check out InfoWorld.
Topics: Financials |