The market was thin and it was nervous. On balance, it was extremely quiet with not a lot of activity. It's disjointed, it's sporadic and if you take Nortel out, it would have been a completely different story.
Quotes about nortel (16 Quotes)
Today's agreement in principle is an important milestone for Nortel. We continue to work vigorously on the implementation of our remediation plan and addressing our outstanding regulatory matters. In addition, we continue to improve our governance provisions and financials systems and controls. These are critically important for the company. We remain fully committed to rebuilding value for the benefit of all stakeholders.
It's the same old story. It's Nortel and BCE. Dynamite earnings out of both of those and the stocks just roared ahead. And so went the market,
Action is being driven by the news of the day, namely Microsoft, Nortel, Qwest, ... The fact that we're hanging in there with so much negative news out there is good.
Acquisitions are very important. And in fact one of the distinguishing factors between Cisco, Lucent, and Nortel is the ability to successfully acquire. Most of the new exciting technologies are coming from start-ups. And the ability for these companies to identify those start-ups and properly integrate them is going to be an ongoing differentiating factor.
I don't see the technical action on the TSE being very constructive today. It's a surprise that Nortel hasn't more significantly rebounded.
Communications have to be effective, simple to use and provide the flexibility to accommodate a variety of methods for businesses to enable their employees to be more effective. Our collaboration with Nortel provides that foundation. Integrating the Microsoft Office Communicator with business-grade communication capabilities from Nortel will provide more effective real-time collaboration capabilities for our customers.
They're nicely positioned relative to some of the companies that are struggling much more, such as Lucent, Nortel and Alcatel, ... So they stand to pick up some share gains there as well. As the economy stabilizes and improves and those end markets begin to improve also, Cisco is terrifically well positioned to take advantage of that.
At Nortel, our focus is providing multimedia communication capabilities that increase employee productivity and drive innovation. Our new IP multimedia solutions are designed to make it possible for employees to collaborate and work more effectively. The results are a more collaborative environment, increased worker productivity and the ability to be much more responsive to customer needs.
The ability to infuse contact centers with a new depth of customer knowledge that makes each interaction as meaningful and productive as possible is a powerful tool for driving competitive advantage, ... The Nortel and Witness Systems relationship delivers greater choice for our customers, allowing them to deploy multimedia, SIP-based contact center capabilities regardless of whether they have deployed an IP, traditional telephony or hybrid infrastructure.
I have found a deep sense of commitment and pride from the Nortel employees and I am excited by the energy generated for our business transformation, integrity renewal and growth activities. I also want to thank our employees and leadership team who have continued to execute with a passionate customer focus in the face of many challenges over the last several years.
With his experience at GE, ATT, The Home Depot and Motorola, Dennis brings to Nortel an impeccable business pedigree. As I continue to strengthen the Company's leadership team, it's critical that we have individuals with global business experience working for world-class companies. Dennis will play a key role in driving the cultural and business transformation at Nortel that will be essential to the Company's future success.
Certainly Nortel selling its optical business to Corning and then taking half of the company is probably the biggest story on Monday as far as news that moved the markets,
As we head into a new chapter in Nortel's history, our global headquarters will reflect both the proud heritage of Nortel and the exciting journey that lies ahead. As well as being home to many of Nortel's corporate functions, The West Mall site will utilize Nortel's sophisticated solutions to showcase how we deliver innovative communications capabilities.
Our jointly developed, software-only solution with Nortel provides forward-thinking companies a powerful combination to improve the performance of their customer service. The offering is more efficient, less expensive to maintain, and offers a single point of administration - all of which lead to a lower total cost of ownership. It allows for a phased evolution from traditional telephony to advanced IP capabilities that protect a company's investment.
We view his rapid action here as a strong indication that Nortel will similarly clear the decks, in terms of its current business operations, when they report fourth-quarter results.