"Eisboch" wrote in message
...

"Canuck57" wrote in message
news:sI6lk.111081$kx.65643@pd7urf3no...

Looks
like a company I left in 1995 is also drowning more shareholder value,
NorTel. But that is another story.

Nortel was one of many that got clobbered when the telecom hype bubble
burst. It's hard to believe how many big boys completely missed the boat
on that one.

Eisboch

Ya, I was lucky on that, sold at $50 on the way up. Was kicking my brains
until it hit the big negative turn. Bought a small position back in at
$3.10 before the reverse, but took a small loss at $2.80 on the sell.

But there is truth to what they say, if you bought a $1000 of NorTel, and
$1000 of beer back then, you will still have the Miller empties for 10 cent
return.

NorTel surprised me again visiting them the other day. Reverse split 10:1
at $3 or so, reset it to $30 and now down to $6 something. That means what
was once sailing over $1000 is now at $6.50. NorTel is now chasing beer
caps. Good management is hard to find.

But on the light side, NorTel was at one time, up until about 1994 with
before Stern impact was felt at my level, a good company. Left in 95.
Ferchat (?) was the last really good CEO as Stern was just an over hyped
clown looking for a fat pension out of the employee coffers. Probably still
paying the ******* some $960,000 a year. Left a lot of good friends that
since like myself, scattered. Unfortunate NorTel is a victim of
unscrupulous greedy executive management and crazy incompetent over rated
directors. Could have at one time given Cisco a run for their money with
the right management. And all they have to is give a crap about the
company.

http://ca.finance.yahoo.com/q/bc?s=N...=on&z=m&q=l&c=

Via tinyurl if the above is broken:

http://tinyurl.com/56sxjx