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General: Nortel - Financial results Q4-08 and 2008 full
Financial Summary
Revenues in fourth quarter of $2.72 billion, decreased 15 percent, and full year revenues of $10.42 billion, decreased by 5 percent, compared to 2007.
Deferred revenue balances decreased by $323 million in the fourth quarter of 2008 and decreased by $1,115 million in the full year 2008.
Gross margin (GM) in fourth quarter of 40.4 percent decreased 324 basis points, and full year GM of 41.1 percent decreased 103 basis points, compared to the prior year periods. The fourth quarter of 2008 included an incremental charge to increase inventory provisions of approximately $169 million, which negatively impacted fourth quarter GM by 621 basis points and full year GM by 162 basis points.
Management Operating Margin (MOM)(a) in the fourth quarter of 11 percent, an increase of 335 basis points and full year MOM of 5.4 percent an increase of 170 basis points, compared to 2007. The improvements in MOM were driven by reductions in operating expenses, direct materials and labour productivity improvements, partially off-set by the incremental inventory provision charge of $169 million .
Net loss in the fourth quarter of $2,135 million, or $4.28 per common share on a basic and diluted basis. The net loss included a non-cash write-down of goodwill of $1,237 million and a non-cash charge of $951 million in the fourth quarter to increase the valuation allowance against deferred tax assets. A net loss of $5,799 million for the full year 2008, or $11.64 per common share on a basic and diluted basis, which included a non-cash charge of $3,020 million to increase the valuation allowance against deferred tax assets and a write-down of goodwill of $2,379 million.
Cash balance, as at December 31, 2008 was $2.40 billion, with an outflow of cash from operations in the fourth quarter of $89 million. Full-year Cash Flow from Operations was an outflow of $567 million.
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Posted by tom8787on Thursday, March 19 @ 15:27:02 CET (160 reads)
(Read More... | General | Score: 0) |
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Extosis.com quits, ACDPro freely available
Hi all,
I finally quit the idea of once making a living out of ACDPro, and just put the whole thing up for download, including source code (which is sometimes a mess, I admit).
You can find four years of my life in one ZIP file.
You can find the old extosis.com site, with the whole explanation, at http://www.tspforum.com/extosis.
Have fun!
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Posted by tom8787on Monday, March 17 @ 21:49:05 CET (647 reads)
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Universities driving 4G Mobile Broadband
Nortel is teaming up with leading universities across the globe to develop new innovations that will help meet the growing demand for 4G mobile broadband applications like video, mobile TV and other multimedia services. Nortel has expanded its existing long-standing research partnerships with leading universities like the University of Waterloo in Canada, The University of Texas at Austin in the U.S., and National Taiwan University (NTU) in Taiwan. Nortel has also formed new partnerships with Mera Networks in Russia and Technische Universitaet Ilmenau in Germany. Nortel's investigations with these universities are designed to improve spectral efficiency, and decrease time to market for Nortel's 4G mobile broadband solutions, which include Mobile WiMAX (IEEE 802.16e), and the Long Term Evolution (LTE) and Ultra Mobile Broadband (UMB) cellular standards.
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Posted by tom8787on Wednesday, September 12 @ 10:18:21 CEST (744 reads)
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EnvoSoft Launches Enhanced Nortel and Asterisk ACD Reporting Software
envosoft writes "EnvoSoft
Solutions, a premier PBX and Telecom software solutions provider, today
announced the launch of its new software, ICM.
PBX Professionals, Network Administrators, and Call Center Managers now
have access to a solutions that simplifies the PBX management and enhances ACD functionality.
Full story here"
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Posted by tom8787on Wednesday, September 05 @ 11:39:45 CEST (2401 reads)
(Read More... | 3152 bytes more | Score: 0) |
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Log-in possible after clicking link in Topic Reply Notification
Finally!
From now on, if you click a link in a Topic Reply Notification, and you are not logged in, you can log in directly. After logging in, just use your "back" button, and press "Refresh" in your browser.
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Posted by tom8787on Wednesday, September 05 @ 10:43:23 CEST (759 reads)
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| | | | | Old Articles
| Friday, July 27 | | · | 1000M vs. 1000S (0) |
| Monday, May 07 | | · | Nortel selected for the 2010 Paralympic Winter Games (0) |
| Monday, January 15 | | · | Registration is now open for Global Connect 2007! (0) |
| Wednesday, December 20 | | · | Most downloads ARE BACK! (0) |
| Monday, December 18 | | · | Meridian Screensaver (0) |
| Saturday, December 16 | | · | Downloads (0) |
| Wednesday, December 13 | | · | Nortel Launches New SIP Contact Center Capabilities (0) |
| Wednesday, October 25 | | · | Nortel amends agreements, ups Flextronics reimbursements (0) |
| Thursday, September 28 | | · | Nortel launches EMEA Contact Centre 6.0 campaign (0) |
| Wednesday, September 13 | | · | Nortel to expand small and medium business channels (0) |
| Wednesday, June 21 | | · | Pressure on Nortel (21) |
| Wednesday, May 17 | | · | Bob Jane Aims To Cut Phone Bill By A Third (25) |
| Monday, May 08 | | · | Nortel restates earnings, reduces revenue $1.5B (24) |
| Wednesday, March 29 | | · | Introducing the New Nortel Technical Documentation Application (NTDA) (34) |
| Tuesday, February 21 | | · | Cleghorn, Ingram & Brown are leaving in May (30) |
| Monday, January 30 | | · | Meridian Mail Retirement (29) |
| Tuesday, January 24 | | · | Nortel appoints ex-Motorola exec as operations chief (31) |
| Thursday, December 29 | | · | Nortel buys Tasman Networks for $99.5 million (23) |
| Thursday, December 22 | | · | Nortel vs. NextiraOne (26) |
| Tuesday, November 15 | | · | Datasharp Becomes a Nortel Gold Solutions Partner in EMEA (19) |
| Wednesday, November 02 | | · | Motorola, Nortel Settle Suit (9) |
| Monday, October 31 | | · | Nortel and its R&D (6) |
| Monday, October 24 | | · | NextiraOne loses Nortel partnership (11) |
| · | Nortel to pay Mike Zafirovski $1.2M US a year plus bonuses and options (6) |
| Thursday, October 20 | | · | TSPForum.com over 2000 members !!! (6) |
| · | Motorola Sues Nortel CEO (8) |
| Tuesday, October 18 | | · | Nortel changes CEO (7) |
| Thursday, October 06 | | · | Message from INNUA's President (7) |
| Monday, October 03 | | · | Nortel realigns organization again, creates 2 new product groups (6) |
| Tuesday, September 13 | | · | ACDPro available for download (6) |
Older Articles
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