Nortel Shuffle Gets Under Way

Stock quotes in this article: NT , LU , MOT  

While at Motorola (MOT Quote), Zafirovski was credited with making sharp cost cuts and unambiguous decisions to shutdown laggard portions of the business.

Upon his arrival at Nortel, Zafirovski laid out a few goals for the company, including the expansion of operating margins into the range of 14% to 18%. Investors have since questioned how Nortel could pull off the huge leap from the 2% margin the company currently captures.

UBS analyst Theodosopoulos says the company would need to narrow its focus on a few strong product lines to achieve those profit levels.

Nortel shares were down 3 cents to $2.81 and rival Lucent (LU Quote) fell 2 cents to $2.80 in midday trading Wednesday.

  • Loading Comments...
  •  
1 2
Next >

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.38
Oil *
77.00
DOWN
154.48
DOWN
19.14
DOWN
37.61
UP
0.07
10 Yr
3.24%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
+0.22%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services