Earnings reports

Nortel: Closing Time?

5:15 PM -- From Argus Research Co. this afternoon, a grimmer glimmer of Nortel Networks Ltd. 's prospects:

We doubt Nortel can emerge from bankruptcy and see a high likelihood that the company will sell all its units and cease operations. There is a chance, in that instance, that equity holders could receive some portion of the breakup proceeds.

The good news, if any, is that "Nortel is in a better position to sell its parts now than it has been since first publicly contemplating dispositions last September," analyst Jim Kelleher writes in the report.

The Decline & Fall of Nortel Networks continues.

— Phil Harvey, Editor-in-Chief, Light Reading

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