(disclosure) I own some Nortel stock.
For those of you out there who own or have owned Nortel stock, I think the worst is finally over. The company has it’s books back on track, and today we find out they have settled the two class action lawsuits for the tidy sum of $2.5 Billion. This is a big hit to the telecom/datacom giant, but should finally end the non business related worries.
How the markets take them and their products is all up to them. At least now their value will be riding the supply demand curves and not the legal curve balls.