Nortel reports financial results for Q4 and full year 2007
As you’ve probably seen already, earlier today Nortel announced 4Q and full year 2007 financial results. Media headlines covering our announcement have obviously focused on two main items - the $1.1B non-cash charge we took against our Canadian Deferred Tax Asset, and the announcement of further restructuring that includes a 2,100 net reduction in employees. But behind those headlines are indications that the underlying fundamentals of Nortel’s operations are trending up:
2007 revenues were up 2% YoY when you account for the divestiture of the UMTS business that happened at the end of 2006.
Nortel has now shown six consecutive quarters of strong year over year improvement in operating margin. OM is now at the highest levels for the company since …
