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Technology Stocks : Nortel Networks (NT)
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To: Alcona who wrote (8470)11/14/2000 9:02:25 AM
From: elmatador  Read Replies (1) of 14638
 
About the article "Nortel Hell":

It is not realist to expect all the new technologies coming out and those new networks never being implemented. We have enough new technology to chew over the next five years. It is time to build now. Hence the need for change.

Companies do not change from the inside. They need outside pressure. Companies do not engage in tough actions unless forced into it. Had Lucent no been battered recently, it wouldn't been shedding jobs nor selling its power division. Management do not like the internal pressure they have to exert in order to change things. When battered by the market, they have an incentive and they move in.

There is obviously in the top level positions people who climbed the corporate ladder selling traditional equipment. They have their counterparts in the operators. These business relationships are not severed overnight. They tend to linger on long time after a certain business segment has become unprofitable.

Just wait until 2G becomes obsolete. Within all vendors the top guys who made a career out of selling mobile infrastructure will not just get their caps and move over. They will stay right where they are.

That's what is happening right now with all big telecoms vendors. They are in a phase of transition and have to shed legacy. They will do it only under pressure. It is just a matter of how much pressure should be applied by the market for them to make the necessary changes. Look to ERICY how much the market had to thrash it to make Sven-Christer go. Had the market been in an eternal honeymoon with ERICY he would be there still. The market downturn is healthy to force companies shed ballast and deadwood.
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