Nortel Networks Corpora
NT (NYSE)
Forecast has expired
Ended: Saturday July 28, 2007
Target
$2.62 To $3.38
$0.94 (45.6%)
Time Span:6mths and above
Final
$0.66
-$1.40 (68.0%)
Recommendation
Rating:Strong Buy
Risk:Aggressive
Stop Loss Price:$1.00
Final XP:
0
Target not reached
Analysis
Analysts look at accounting and rightly so. So, when accounting scandal after scandal occurs at a company like Nortel, that stands out to everyone. However, Nortel still has a good grasp of how to sell their product to businesses. When they produce their IP Telephony product and begin to market it hard, they will sell. Accounting scandals have cast shadows over Nortel's technology. But, when those shadows subside, investors will realize that Nortel has a good technological foundation that is worth $3!