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Belzebutt 12/4/2012 | 8:24:52 PM
re: Nortel's Got a Plan "For riding the internet wave and claiming credit for a market phenomenon?
For completely misjudging the rate of optical growth"

Come on, you don't give any credit and you assign all the blame. Everybody's doing bad save a handful of smaller companies, so according to you 90% of the optical CEOs should be fired.

"For creating a culture where politics and butt-kissing takes precedence over substance and contribution?"

You must be an insider. This is true, but it was all there before Roth became CEO, and the only thing he did was reduce it. If Roth hadn't changed Nortel, they'd be in a worse shape than Lucent right now. Nortel was 1/2 the size of Lucent before Roth came in. What's a big company where butt-kissers don't get ahead? Anyone?

"For having lead to the decline of stockholder value to unprecedented levels?"

If you think Roth should be fired for that, you must also think Chambers should be submerged in boiling tar for "having lead to the decline of stockholder value to unprecedented levels". But I only see you bashing NT/Roth on this message board.
jpm5150 12/4/2012 | 8:24:52 PM
re: Nortel's Got a Plan I agree...it should have been obvious when Roth dumped all his stock at high values last August. When he had the chance then to correct efforts in inventory and business practices before they went down the tubes.
I for one traded my NT stock for CIEN!
mrcasual 12/4/2012 | 8:24:51 PM
re: Nortel's Got a Plan I've resisted this thread for long enough.

Two main themes seem to keep coming up, how good was Roth as CEO and how bad are the current set of executives.

Of all the CEOs I lived through at Nortel I'll give Roth credit for being the only one to stand up and promote a vision. He was very consistent about how he wanted to change the company and how it did business, both externally and externally. I give him full marks for this. It was his mantra. If everyone at Nortel had taken his words to heart it would have been a very different place today since at the heart of the whole Webtone/Webtime stuff was the desire to be more nimble, i.e. be able to react and execute faster.

On the other hand, I give him very poor marks for not clearing out the legions of executives who basically tried to thwart his initiative either actively or subversively. I had to deal with both kinds and there were a lot of them. Too many names to bother naming.

One of the big reasons the Bay acquisition has amounted to a $9B waste of money is that as a general rule the Bay divisions all ended up stuck under Nortel executives. Truer Bellheads there never were. Not the guys you want leading your company in a time where IP was supposed to take over the world. Whether or not the Bay stuff would have actually gone anywhere is another story but it never had a chance since it was handcuffed to a big iron ball to start with.

In addition to the many people leaving Nortel unvoluntarily this year there was a huge wave of people who left in 1999 and 2000 of their own accord. A lot of these people could have been the next generation of leadership at Nortel but just got tired of having to deal with the 6 or 7 (I'm not kidding) layers of VPs and Presidents between them and Roth.

There are still a lot of good technical people left at Nortel the quality of the leadership is very low. It will be interesting to see what happens.
jpm5150 12/4/2012 | 8:24:50 PM
re: Nortel's Got a Plan Compare the Coredirector to the proposed HDX...Performance and prise do not beat Cieana. Plus Ciena has been on the market for a very long time, establishing themselves as the leader in Optical Switching technology. Oh an I believe Ciena has an all Optical version (vs OEO) coming out before years end.
exnortel2 12/4/2012 | 8:24:47 PM
re: Nortel's Got a Plan Rational analysis from such articles does provide soothing comfort to ex-NT employees (and likely shareholders of NT). Pointing fingers at Roth does not help the situation. I hope NT board and Roth will seize this difficult moment in the marketplace as an opportunity for the necessary house-cleaning to rid of those worthless VPs/Directors. I also wonder why those VPs/Mangers/Project Mangers, who are only capable of cheap political talk, are more likely surive waves of reorg/outsourcing than technical folks.

If NT does not act quickly to correct the situation, the pain and suffering for the shareholders will continue for a long time.



Belzebutt 12/4/2012 | 8:24:47 PM
re: Nortel's Got a Plan "Oh an I believe Ciena has an all Optical version (vs OEO) coming out before years end."

An all optical version of an STS-1 grooming switch coming this year? Sure...
Belzebutt 12/4/2012 | 8:24:47 PM
re: Nortel's Got a Plan "There are still a lot of good technical people left at Nortel the quality of the leadership is very low. It will be interesting to see what happens."

They just got rid of the bottom-most management layer, I hope they work their way to the top and get rid of a few top layers too.
lordcirrus 12/4/2012 | 8:24:42 PM
re: Nortel's Got a Plan I've got some questions that maybe someone can help me with:

1. What's the diff between OPC and TI?
2. Is HDX as important as it is suggested?
3. How important is "carrier-grade" in the Metro market, and what is the definition of "carrier-grade"?
4. How reliable is the 15454, and is it comparable to OM3000 when reliability is considered? How is Fuji, and other competitors in the Metro market?
5. Why is the Clarify buy considered a waste? At the time, it was a good thing. I think it's excellent; much easier to use than CSDS. $2b when the stock is $23 doesn't make sense, but $2b at $120 sounds okay...
6. Why are the SDH (TN..X) boxes different? Why not build the functionality into the older stuff that came out first? It seems to me like it's a duplication of effort...

I see a lot of floundering here at NT; bad decisions following bad decisions, new ideas that aren't good ideas, trimming of the wrong people, not trimming those who should be, missed execution, wrong execution, sacrificing quality to meet TTM demands, etc.

The worst part of it was the excess in 2000... All of my coworkers knew it, yet nobody stopped because then they'd just be suckers.

Cube compression... Our director decided we'd be first... now a quarter of our floor is empty space, and the extra cubes are going to other groups who decided to wait to compress...

The only thing falling faster than our stock price is our ESAT.
wildcard 12/4/2012 | 8:24:41 PM
re: Nortel's Got a Plan
Sounds like the sky is falling chicken little.

You should do what I did and got scooped out with the last wave. Oh, and BTW, if you think its bad on the inside try it out here for a while. I would even venture to say that your probably just a csco or lu puke trying to stir it up. Sound about right Mr. Short. Piss off.

I apologize to the board.

wildcard
Belzebutt 12/4/2012 | 8:24:40 PM
re: Nortel's Got a Plan "1. What's the diff between OPC and TI?"

What's TI?

"6. Why are the SDH (TN..X) boxes different? Why not build the functionality into the older stuff that came out first? It seems to me like it's a duplication of effort..."

I never understood that. All the data stuff is software-configurable as SONET or SDH. Why isn't the transport stuff like that?

"The worst part of it was the excess in 2000... "

Would you really have predicted this though? In late 2000 the press was bashing Nortel because they didn't have enough production capacity to meet demand. It takes a year to build a new facility, and this happened much faster.

"Cube compression... Our director decided we'd be first... now a quarter of our floor is empty space, and the extra cubes are going to other groups who decided to wait to compress..."

SKY... Tower 1? :)

posted by wildcard:
"I would even venture to say that your probably just a csco or lu puke trying to stir it up. Sound about right Mr. Short. "

You think he's CSCO or LU?
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