Nortel Networks Corp
(NT:Hamburg Stock Exchange)
Snapshot of Nortel Networks Corp (NT)
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OPEN
€0.03
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PREVIOUS CLOSE
€0.04
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DAY HIGH
€0.04
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DAY LOW
€0.03
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52 WEEK HIGH
12/2/08 - €0.52
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52 WEEK LOW
11/13/09 - €0.03
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MARKET CAP
16.4M
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AVERAGE VOLUME 3 mo
21.9K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
498.2M
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NT Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
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NT Details
Nortel Networks Corporation designs, develops, engineers, markets, sells, supplies, licenses, installs, services, and supports networking solutions worldwide. Its Carrier Networks segment offers wireline and wireless networks to supply mobile voice, data, and multimedia communications services to individuals and enterprises using cellular telephones, personal digital assistants, laptops, soft-clients, and other wireless computing and communications devices. This segment also provides circuit- and packet-based voice switching products that offer local, toll, long distance, and gateway capabilities. The company’s Enterprise Solutions segment provides unified communications, Ethernet routing and multiservice switching, Internet protocol (IP) and digital telephony, wireless local area networks, security, IP and session initiation protocol (SIP) contact centers, self-service solutions, messaging, conferencing, and SIP-based multimedia solutions. Its Global Services segment offers network implementation services, including network integration, planning, installation, optimization, and security services; network support services, such as technical support, hardware maintenance, equipment spares logistics, and onsite engineers; network managed services, including services related to the monitoring and management of customer networks, and providing network managed service options; and network application services, such as applications development, integration, and communications-enabled application solutions. Nortel’s Metro Ethernet Networks segment provides carrier ethernet switching, optical networking, and multi-service switching products. It has strategic alliances principally with Microsoft Corporation; Dell, Inc.; and IBM. The company was founded in 1914 and is headquartered in Toronto, Canada. On January 14, 2009, Nortel Networks Corporation filed for creditor protection under the Companies' Creditors Arrangement Act in Canada.
NT Top Compensated Officers
Key developments for Nortel Networks Corp (NT)
Nortel Networks Corp. has postponed the deadline for the potential buyers to make an offer for its optical-networking business. Bids were due on November 9, and Nortel postponed that deadline. The company can extend the deadline by as many as five business days. Nortel is seeking higher bids after Ciena Corp. agreed to acquire the unit in October in a stalking-horse bid, worth $390 million and 10 million shares of common stock, for a total of about $515 million based on November 9’s closing price. Nokia Siemens Networks Nederland BV is looking at making a bid for Nortel's optical-networking unit to expand in North America, two people close to the situation said last week. Other companies also are interested, one of the people said on November 12.
On 11/09/2009, Nortel Networks Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Nortel Networks Corp. announced that it will eliminate 56 jobs at its Richardson facility, effective on or around Jan. 3, 2010. The company referred to the layoffs as permanent. The company did not elaborate on the reasons behind the job cuts.
Stock Quotes
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| NT (DE) | €0.03 EUR | -0.002 | |
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| GS | $170.01 USD | -2.82 | |
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Industry Analysis
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NT transactions
| Type Date |
Target |
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Merger/Acquisition
October 7, 2009 |
Optical Networking and Carrier Ethernet Businesses |
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