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Now What's Nortel Worth?

Phil Harvey
12/24/2008

10:00 AM -- A while ago, I looked at Nortel Networks Ltd. and compared it to some other companies with the same market capitalization. (See What's Nortel Worth?) Those companies were much smaller in every way, except in the eyes of Wall Street.

Now, Nortel is worth even less than just a few days ago; its market cap now hangs around $144 million, down from $199 million earlier this month. (See Now What's Nortel Worth?) Nortel, which pulls in around $10 billion in annual revenues, is now valued on par with companies that pull in anywhere from $90 million to $200 million. The chart below gives our 2008 Top Ten: Nortel News some context, indeed:

Table 1: Market Cap Comparison

Company Share Price (as of 12/23) Market Cap ($M) Approximate Annual Revenues ($M)
Finisar Corp. $0.39 184.34 440
Extreme Networks Inc. $2.08 183.98 362
Ceragon Networks Ltd. $4.95 182.98 162
Symmetricom Inc. $3.52 156.54 208
Nortel Networks Ltd. $0.29 144.27 10,948
Radvision Ltd. $5.36 108.63 92
AudioCodes Ltd. $1.82 73.13 158
Bookham Inc. $0.43 43.52 235
Occam Networks Inc. $2.05 40.98 75
Soapstone Networks Inc. $2.59 38.45 124
Orckit Communications Ltd. $2.24 36.61 10
Ikanos Communications Inc. $1.05 30.27 107
Source: Google Finance




— Phil Harvey, Editor, Light Reading

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