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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KyrosL who wrote (108946)6/15/2001 9:02:19 AM
From: Earlie  Read Replies (5) of 436258
 
Kyrosl:

Nortel's balance sheet was an airplant, dominated by fluffy goodwill, largely accumulated through the mad acquisition of zany companies, all bought at or near their stock market peaks. Roth's strategy was wonderfully in tune with Wall Street's desire..... growth at any price. Well now, as Dak so neatly put it, "it's payback time".

I warned several pension funds last summer about this and got laughed out of the boardrooms. Not much laughing now.

Best, Earlie
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