They took the words right out of my mouth:
Barron's said that the Toronto-based Nortel's shares could jump by more than a third in the year ahead (2007) as long as restructuring finally starts to show results. And bigger gains could follow.
The paper cited CEO Zafirovski's efforts including:
i) cleaning up Nortel's balance sheet,
ii) overhauling the management team
iii) beginning a push to slash costs by $1.5 billion by 2008.
iv) Meanwhile, he's been exiting lower-margin business
v) and focusing on Nortel's strengths, such as gear for cellular networks using CDMA, or Code Division Multiple Access standard
I told you I wasn't the only one my friends. Think about the opportunity here.