Nortel Networks
Toronto symbol NT, is one of the world's largest makers of telecommunications equipment. The company sells its products mainly to telephone companies, cable TV operators and large organizations.
FORDING CANADIAN COAL TRUST $85 (Toronto symbol FDG.UN) continues to trade below Teck Cominco Ltd.’s takeover offer of $82.00 U.S. in cash plus 0.245 of a Teck class B subordinate voting share. The offer is now worth $97.27 per Fording unit. The deal should close on October 30, 2008. As we recommended in August, 2008, you should sell your Fording …read more »
Nortel Networks Corp. $6.43 (Toronto Symbol NT Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 496.5 million; Market cap: $3.2 billion; SI Rating: Speculative) lost $113 million in the three months ended June 30, 2008 compared to a loss of $37 million a year earlier (all amount except share price and market cap in U.S. dollars). Per-share losses grew …read more »
GENNUM CORP. $10 (Toronto symbol GND; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 35.6 million; Market cap: $356.0 million; SI Rating: Above average) has acquired ASIC Architect Inc., a California-based developer of products for highspeed computer networks. The $1.5 million purchase price is equal to 25% of the $5.9 million or $0.17 a share that Gennum earned in …read more »
NORTEL NETWORKS CORP. $7.26 (Toronto symbol NT; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 437.2 million; Market cap: $3.2 billion; SI Rating: Speculative) is one of the world’s largest makers of telecommunications equipment. The company sells its products mainly to telephone companies, cable TV operators and large organizations.
The telecom industry is highly competitive, and recent mergers among telecom …read more »
Technology companies operate in a highly competitive and cyclical industry, so they must continue to invest heavily in research and marketing. We aim to cut tech stock risk by focusing on companies with distinct competitive advantages, such as proprietary technology, broad geographic reach and a wide client base. These advantages should help these three techs weather the inevitable downturns, and …read more »
ARBOR MEMORIAL SERVICES INC. $34 (Toronto symbol ABO.A) earned $1.94 a share from continuing operations in the fiscal year ended October 31, 2007, up 6.6% from $1.82 in the prior year. Revenue grew 7.4%, to $229.3 million from $213.5 million. Hold.
NORTEL NETWORKS CORP. $13 (Toronto symbol NT) has settled a dispute with Vonage, a U.S.-based Internet phone company. Both companies …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $96 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 334.6 million; Market cap: $32.1 billion; SI Rating: Above average) earned $2.42 a share in its third fiscal quarter ended July 31, 2007, up 25.4% from $1.93 a year earlier. These figures exclude unusual items, including a $0.56 a share writedown of mortgage-backed securities …read more »
NORTEL NETWORKS CORP. $20 (Toronto symbol NT; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 436.9 million; Market cap: $8.7 billion; SI Rating: Speculative) is a leading supplier of voice and data equipment to telephone companies and other large organizations.
After several restructurings, Nortel’s costs are now coming into line with its revenues. As part of this plan, Nortel will …read more »
BOMBARDIER INC. (Toronto symbols BBD.A $4.55 and BBD.B $4.56; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.7 billion; Market cap: $7.7 billion; SI Rating: Extra risk) is the world’s third-largest maker of commercial aircraft, after Boeing and Airbus. The company is also a leading maker of passenger railway cars.
Due to steadily rising demand, the company now plans to …read more »
NORTEL NETWORKS CORP. $30 (Toronto symbol NT; Aggressive Growth Portfolio, Manufacturing & Industry sector; SI Rating: Speculative) was extraordinarily successful in the late 1990s with its telecom, network and Internet expertise. It crashed early in this decade with the deflating of the Internet boom. Now it hopes to prosper again by focusing on WiMax, a new wireless communications platform that …read more »
