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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (50605)4/12/2002 9:17:36 AM
From: LTK007  Respond to of 99280
 
JNPR bid now at 10.95.



To: LTK007 who wrote (50605)4/12/2002 9:18:32 AM
From: ajtj99  Respond to of 99280
 
I don't see how. It's not like they CN (railroad) Air Canada, or another company that has national security importance. Bankruptcy and a sale.

The stock is already so low, I doubt there will be many surprises if it happens. If a bank holding NT debt has any brains, they are writing that stuff off (I don't know if they have any bank debt). If they have bonds, they're trading appropriately and should be valued on books appropriately.

I really don't see too how this could affect things in a way that would cause intervention by the Canadian Govt.



To: LTK007 who wrote (50605)4/12/2002 9:26:14 AM
From: Win-Lose-Draw  Respond to of 99280
 
any chance that Canada would bail out Nortel???

Two years ago I would have said no. A year ago, probably not. But now, well, NT has really blown it. Too many layoffs and they are rapidly losing their Canuck version of "too big to fail".

They never should have laid off, let the debts pile up, then ask for a bailout.


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