Steve Kamman Quotes (6 Quotes)

They are being conservative because people have been jacking up estimates on them.

The past CEO deserves a lot of credit for stepping into a difficult role, ... The simple fact is that Nortel needs a house cleaning and it needs more focus. And from all reports, Mike is the kind of guy to do all of those.

Bill was a safe pair of hands, but when it came to dealing with a dynamic market and a bruised company, I think there is just a little bit of lost momentum. He is doing the right thing by stepping down. A lot of lesser men might not have been willing to step down.

We may be a bit early with this call, but we believe Cisco's results have bottomed, ... The US (50 percent of revenues) actually saw 13 percent revenue growth this quarter. Europe will likely remain weak but may also bottom by the end of 2001. We are still concerned about Asia.

It's probably more macro than it is Cisco. Cisco is eating off lots of people's plates. The call made it clear that Cisco is taking market share.

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.