STOCKCHASE

(Market Call Minute.) Not attractive at all.

2009-05-12

SELL

0.305

Lyle Stein

You can do a lot better in any other communications equipment provider in the world. They are struggling.

2009-04-08

DON'T BUY

0.250

Rick Stuchberry

Doesn't see any reason to buy a stock that is approaching chapter 11. This is like going to the casino. Pure speculation.

2009-04-03

DON'T BUY

0.225

Ben Stadelmann

In the end game, it is going to be worth next to nothing.

2009-04-01

DON'T BUY

0.300

If you own the stock, you are playing that there is some value in the assets they own. The company is not a going concern. Have a huge deficit hole in their pension plan. Individual parts of the company may be better being sold off.

2009-03-26

SELL

0.095

Benj Gallander

(Market Call Minute.) Take your few pennies off the table.

2009-03-12

DON'T BUY

0.105

Speculative. Have a number of challenges coming out of bankruptcy.

2009-03-04

DON'T BUY

0.130

Very sad story. Almost gone. Wouldn't touch it.

2009-01-28

DON'T BUY

0.105

There is no fundamental reason to own this stock. Just a gamble.

2009-01-27

Comment

0.100

There is nothing left. Management just couldn't get things turned around quickly enough.

2009-01-23

SELL

0.120

Lots of nice assets that could be sold off but as a minor shareholder, you will not be a beneficiary. Sell it and realize your loss for tax losses.

2009-01-14

SELL

0.385

Hap (Robert) Sneddon FCSI

Have huge pension and business problems. They were having problems when the economy was booming.

2009-01-13

Comment

0.465

Ross Healy

Has about $4 per share in cash. They are thinking of selling an asset that would raise about another $1 billion, which would add another $2 per share in cash. However, the overall quality of the balance sheet is as bad as he has ever seen it. Speculative.

2009-01-09

DON'T BUY

0.335

The breakdown at the $6.90 level was pretty significant. At this price, it is more of a day-trader situation. Very high risk.

2009-01-08

DON'T BUY

0.340

Lyle Stein

Customers are defecting because they feel the company cannot make it..

2009-01-06

DON'T BUY

0.335

Bruce Campbell

Wouldn't touch this one. Not worth the risk.

2008-12-23

SELL

0.425

There are no positive reasons to own this. Can't see any catalysts that will turn this company around. Consider taking a tax loss. (Deadline Dec 23rd. Not valid for registered accounts.)

2008-12-15

DON'T BUY

0.480

David Driscoll

Has been a bear on this stock since 1999. Game is pretty much over.

2008-12-12

SELL

0.475

Bill MacLachlan

This is a great opportunity to take some tax loss selling. Odds of any significant recovery are slim to nil.

2008-12-11

SELL

0.620

Ron Meisels

If you own, sell it and take a taxable loss. Price says that it is on the way to bankruptcy.

2008-12-04

SELL

0.560

Top line is weak. Made some cost cutting initiatives but are unable to keep up with the dynamics of the market. Will have to restructure to survive a cash and earnings issue over the next number of years. If you own, sell for a tax loss.

2008-11-27

SELL

0.670

Problems are more serious and systemic than what people were hoping for. There has been a serious erosion of its market. Needs a lot of drastic restructuring.

2008-11-18

SELL

1.040

(Market Call Minute.) He has always had this as a Sell and nothing has changed.

2008-11-11

DON'T BUY

1.460

Nortel (NT-T), Alcatel (ALU-N) and Lucent (LU-N) have not executed very well. As a fundamental story it is very difficult. Prefers Cisco (CSCO-Q).

2008-11-05

Comment

1.480

A lot more telephone companies that are buying a lot less telephone equipment. If you believe there is a chance of recovery, Sell your stock for a capital loss and Buy back in 31 days.

2008-11-03

DON'T BUY

1.500

David Cockfield

Hanging on by its fingernails. Don't have the money to keep their product lines in reasonable competitive shape. Survival mode. Doesn't think it will ever rise again.

2008-10-31

DON'T BUY

1.400

Robert Floyd

The problem is that in a weak environment they are having difficulty in selling their product. Will be highly dependent on the outlook for world economies, which is currently slumping.

2008-10-30

SPECULATIVE BUY

2.350

Ross Healy

60% discount to book value. It’s a warrant on the survival of the company. It could be bought out. It’s a natural to be acquired by someone.

2008-10-02

DON'T BUY

2.340

Gordon Higgins, CA, MBA

Threatening to sell of a major operation of theirs. You’ve been buying hope in this stock since 2001.

2008-09-30

DON'T BUY

2.900

Ken McCord

Has been Short but just covered. Doesn't see any good news for this company. Too dangerous to either Buy or Short.

2008-09-18

DON'T BUY

5.420

Benj Gallander

On his Stock Watch list. If it can turn itself around, it has huge upside. When he buys into a company, he has to see that the people running it are really looking after costs and care about the dollars and cents for the shareholders. This one has never given him the feeling of that.

2008-09-15

DON'T BUY

6.080

(Market Call Minute.) Hasn’t liked the company for many years and nothing has changed his mind.

2008-09-05

DON'T BUY

6.140

Peter Hodson

Company failed miserably many, many times. Kept missing numbers. Disappointed and is falling behind the product cycle. Who knows what the accounting really is. This is versus a backdrop of great, great companies that are growing fast with no debt that haven't screwed up.

2008-08-27

WEAK BUY

6.240

John Zechner

Spending by their customers is slowing down. Management is doing a good job restructuring and getting the costs down. Very cheap on a valuation basis. Not the best place to be in telecoms. He has bought some recently. Expect by next year there will be a pretty good earnings turned in, probably $.60 or $.70 a share.

2008-08-25

DON'T BUY

6.930

Greg A. Taylor, CFA, BBA

Doesn't find that they are the best in anything right now. Going through a big restructure. Turning over the management team and are focused on cost cutting and trying to get the margins up to industry levels.

2008-07-22

Comment

6.470

Very large company and very hard to grow when you are that large. Sounds like they are actually turning the corner. Maybe now it is potentially a Buy. For him to Buy he needs to see sales growth, earnings growth and margin expansion. Lots of debt.

2008-07-15

Comment

7.750

This is a hated stock and you want to own a hated stock when it is not making new lows. Hit a higher low, which is what you want with good volume. Technically, the place to buy would be when it breaks above its June peak of about $10.50.

2008-07-03

Comment

8.430

Peter Gibson

There appears to be some profit growth for the first time in years and appears to be well sourced. P/E is around the level of the market. People still have concerns on the quality of the accounting and the quality of their earnings. This is a huge question mark. Can’t imagine that it will be outperforming the market over the next year and a half.

2008-06-27

SELL

10.000

Robert McWhirter

Still sceptical. Not in the top 25% of his database. Earnings growth expected to be a glacial 13%. Huge overcapacity in the industry and a lot of competition.

2008-06-18

Comment

8.010

Pierre Bernard

Could be a Buy at this time, but something tells him there is more restructuring to do in that sector. Looking at a chart and its valuation, it is very attractive.

2008-05-21

SELL

8.330

Paul Thornton

Strong earnings growth is projected for this company but the stock is not responding. Cannot see at recovering.

2008-05-07

SELL

8.580

(Market Call Minute.) Still doesn't understand the multiples that are being attributed to this company. The competitive environment is beginning to eat away at their core.

2008-04-30

SELL

8.500

Duncan Stewart

Ericsson (ERIC-Q) just reported and did better than expected. Is that a sign of life for this company? It doesn't look like it to him. One company in Germany is ripping out Nortel’s gear and replacing it from a Chinese competitor.

2008-04-25

DON'T BUY

6.980

Not a good time to buy. Still selling at a fairly high multiple. The real question is their long-term sustainability in the market. They've got competition from all sides now.

2008-04-15

BUY

7.260

(Market Call Minute.) Thinks management is doing a decent job but it is not affecting the share price.

2008-04-09

HOLD

7.900

Don Vialoux

Very definitely in a downward trend. However, in the last 3 weeks, it has been the best performing stock on the TSX60. Up 35% in 3 weeks. If you own, continue to hold until the end of May.

2008-04-03

DON'T BUY

7.000

The prospects for Nortel are getting worse, not better. China is producing a huge amount of competition. Fighting an uphill battle. The wrong kind of stock.

2008-03-31

DON'T BUY

6.650

No reason to own the stock.

2008-03-27

VAGUE

7.000

Benj Gallander

Has huge upside. If they stop paying outrageous salaries and learn how to count money it would be liked.

2008-03-25

DON'T BUY

6.270

At this level it’s not a bargain, it’s more going down the drain. Cisco is much better at these levels. Nortel has problems increasing margins. Management having problems.

2008-03-20

DON'T BUY

6.880

(Market Call Minute.) They need as strategic plan and will be very challenged over the next year.

2008-03-12

SELL

11.780

David Baskin

It surprises him that people have so much interest in this stock. In a very difficult space that is highly competitive. Can't see any signs of breaking out into profitability.

2008-02-19

PAST TOP PICK

11.240

(A Top Pick Feb 20/07. Down 69%.) He got stopped out at $29.

2008-02-15

DON'T BUY

10.330

Kenneth P. Norquay, CMT

Not a chance that he would buy at these levels. The classic Canadian downtrend of all times. Never buy them when they're going down.

2008-02-12

BUY

11.140

Brian Acker, CA

(Market Call Minute.) First time in 5 years that it is trading below his model price, which is $13.26. A 14% positive differential.

2008-02-07

SELL

12.650

Brendan Caldwell

The ugliest chart in the free world. We just sell and then find something else.

2008-02-01

DON'T BUY

12.480

Peter Hodson

They did a consolidation and it’s working its way back to its pre-consolidation price like they usually do. It won't do well until they fix some of their problems.

2008-01-31

DON'T BUY

12.490

The stock is tending to go back to the price that it had before its reverse split. She is concerned about the competition in this space. Also consumer demand is expected to be lower. She is still not convinced on the accounting side. If you like this space, you would be better off in Cisco (CSCO-Q).

2008-01-30

DON'T BUY

12.990

Gordon Higgins, CA, MBA

This is being a story of hope for many years, but he just can't buy into that hope. You have to believe that sales are going up and that they are going to get higher margins.

2008-01-25

HOLD

13.080

Part of the issue with them is that they really had to get their business reconciled, which meant selling off some of their potentially great future assets that were not making money. This means they will be a much slower growing company. There are probably better overall opportunities.

2008-01-23

SELL

13.450

(Market Call Minute.) Valuation metrics are pretty expensive.

2008-01-08

SELL

16.990

David Cockfield

Still doesn't see the company having the wherewithal to climb back into the position it once was. Doesn't think they have the research capability to match the demands that are coming out of the industry. A no growth situation.

2007-12-07

DON'T BUY

16.790

David Driscoll

The good news is, they've been cutting costs. The bad news is, they've cut costs by letting people go, which is never a good sign for a company. They have a long ways to go to get up to the next generation of lifeline and ymax.

2007-12-06

DON'T BUY

17.950

Paul Thornton

Appears to be picking up steam in the last 10 days. 1st time in the last year. This is during a weak stock market. Has a long history of being a weak stock in and still does not show very good profitability. Too early.

2007-11-16

DON'T BUY

15.720

No plans to own it. Cant justify the price. Untill stabilized, do not invest in Nortel.

2007-10-26

DON'T BUY

15.520

Brendan Caldwell

Doesn't know what will turn this stock around.

2007-10-24

DON'T BUY

15.710

He has been anti- Nortel for the last few years, but is softening his outlook. Not as negative as he was.Tough industry to be in. Believes the stock is closer to the bottom but there are better places to be.

2007-10-16

DON'T BUY

17.370

Chyanne Fickes

Have questions about their basic fundamental business. When she looks at a stock, the first thing she checks is management. They actually haven't had a clean income statement for years.

2007-10-01

DON'T BUY

16.660

Ron Meisels

Probably not only a $10 stock, but probably a $5 stock.

2007-09-27

SELL

17.490

Not coming back anywhere close to where they were. Tremendous pressure from competitors. A lot of the good people left company. Don’t have any equity left. Wont make you rich.

2007-09-17

SELL

16.990

Peter Brieger

Disgusted with company. “Wouldn’t touch with 10-foot pole.”

2007-09-13

DON'T BUY

18.040

Robert Floyd

Probably hasn't quite hit the bottom yet. When stocks consolidate it tends to be a negative omen.

2007-09-06

SELL

18.660

Has been negative on this stock for several years. Doesn't see a single reason to own the stock until there are tangible signs that it is turning.

2007-08-29

BUY

19.420

John O'Connell, CFA

Management seems to be doing all the right things. Telecom is a good space to be in. Reasonable valuation. Would Buy as a trading position for example under $20, and then sell at $26.

2007-08-27

PAST TOP PICK

19.140

(A Top Pick Sept 15/06. Down 27.5%.) Had a stop at $25. Still leery of this stock. Did very poorly in the last 2 weeks.

2007-08-20

SELL

19.650

He can't give an investor any reason to own this stock. A lot of promises from management, which have been ongoing for years. Until they start to show that the promises are happening he wouldn't buy.

2007-08-15

DON'T BUY

20.380

If you are going into the space, you're much better off with Cisco (CSCI-Q). Nortel is not winning in their space. Technology shares in Canada have a bit of a head wind.

2007-08-09

DON'T BUY

19.870

They continue to have awful results. Some of their costs are in Cnd$’s which is going up. Sales are barely moving up. Have lots of debt.

2007-08-07

BUY

23.150

John O'Connell, CFA

They have been in a tough position of having to cut costs to stay competitive. The good news is telecommunications is a sector that is highly sought after. He expects to continue seeing rapid growth in this area. Have a lot of good technology.

2007-07-31

BUY

23.960

Likes the group. If you are going into this for a trade, try to avoid the 52-week low. You’ll probably get a bounce on this.

2007-07-30

DON'T BUY

24.900

Chyanne Fickes

This is an example of a company that shouldn't really be listed. Haven't had financial statements that you can rely on.

2007-07-05

DON'T BUY

27.290

Haven't owned for a long time. Many problems with their accounting systems. Investors haven't been able to depend on the numbers they are seeing. On the fundamentals, there are more and more strong competitors entering the market.

2007-06-15

BUY

27.290

The new CEO seems to be turning things around, and are starting to win some major orders, and have sold off things which weren't making money.The margins have gone up.

2007-06-15

TOP PICK

26.750

Stop loss at $25 Tries to pick stocks that won't get trashed. NT has already been trashed.

2007-06-13

SELL

27.540

Not attractive. Very expensive relative to their competitors. Sell on good news.

2007-06-08

DON'T BUY

28.300

Still has some challenges. Trading at 17 X earnings, which is aggressive, as they have not delivered on earnings for the last 6-7 years. Also some question about maintaining their competitive edge in research.

2007-05-23

DON'T BUY

26.650

We are in a bull market and Nortel is not participating. Thinks it still has problems. Would rather look at a railroad or machinery. If we go into a tougher market this will be hit harder then other.

2007-05-16

SELL

27.960

Paul Gardner, CFA

Very hard to judge. Maybe they have turned things around. If it's up then sell it.

2007-05-03

DON'T BUY

25.320

Good management and they're bringing in real processes. Still not positive one at because of both the industry and Nortel's position in the industry.

2007-04-30

Comment

26.940

Richard Croft

A dog's breakfast. Can you trust their financials? In a trading range and thinks it will continue to do so.

2007-04-26

DON'T BUY

27.000

John Zechner

Spending in this sector seems to be decreasing. Have a lot of old legacy business that is going to slowdown.

2007-04-25

SELL

26.460

Capital expenditures is being cut back and this company is at the back end of food chain. Not much upside in this.

2007-04-23

WATCH

27.290

Peter Brieger

Have had ongoing disappointments. The PE ratio is horrendous at about 35 or 40 times. Prediction of good earnings next year has it on his radar screen.

2007-04-18

SELL

28.080

Not a fan. Earnings growth is not coming through. Expensive.

2007-04-05

DON'T BUY

28.120

Bruce Campbell

Had a nice run-up, and then fell back on some troubles. Hard to value this one.

2007-04-02

HOLD

27.930

Robert Floyd

Turnaround is taking a lot longer than anticipated. Recent guidance was weaker than expected. If you own, potential downside is probably $1-$1.50. Until there is a sense that the growth is going to look stronger, it will probably trade in this band.

2007-03-29

DON'T BUY

28.510

It is a very tough end market. Good management team. Still a lot of question marks.

2007-03-22

DON'T BUY

31.830

Has looked at this many times but has never owned it. It doesn't make any money. It is a company in restructuring. Their competitor, Cisco (CSCO-Q), has done a very good job making astute acquisitions and growing their businesses more effectively.

2007-03-16

DON'T BUY

31.750