DALLAS, March 17, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring communications equipment maker Nortel Networks Corp. (Pink Sheets:NRTLQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/NRTLQ
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/BeaconEquity
Nortel Networks Corp. (NRTLQ) designs, develops, markets, services and supports network computing products throughout the world. The Company's Carrier Networks business engages in wireline and wireless networks to mobile phone voice, data and multimedia customers who use laptops, cell phones, hand-held devices as well as other wireless computing and personal communications devices.
Message Board Search for NRTLQ: http://www.boardcentral.com/boards/NRTLQ
In the report, the analyst notes:
"The Company has experienced negative cash flow for several years due to a number of factors, including fierce competition, a structural inability to cut operating costs, customer cutbacks or deferments of orders, and a sluggish global economy lacking adequate credit markets.
"On January 14, 2009, following unanimous consent of its board of directors, the Company filed protection proceedings in many jurisdictions worldwide, including protection under Canada's Companies' Creditors Arrangement Act (CCAA), under Chapter 11 of the U.S. Bankruptcy Code, the United Kingdom, under the Insolvency Act 1986, and, shortly after, Israel, under the Israeli Companies Law 1999.
"As stated in its latest 10-K, the Company said it is in the process of selling its Optical Networking and Carrier Ethernet businesses, Global System for Mobile communications (GSM)/GSM for Railways (GSM-R) business, Carrier VoIP and Application Solutions (CVAS), and LG-Nortel Co. Ltd. (LGN)."
To read the entire report visit: http://www.beaconequity.com/i/NRTLQ
See what investors are saying about these stocks at penny stock forum.
BeaconEquity.com is one of the industry's largest small-cap report providers striving to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.