DALLAS, June 28, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Nortel Networks Corp. (Pink Sheets:NRTLQ). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/NRTLQ
Nortel Networks Corp. (Pink Sheets:NRTLQ) was previously a global supplier of end-to-end networking products and solutions serving both service providers and enterprise customers. Nortel Networks Ltd. (NNL) is the Company's principal direct operating subsidiary. As of December 31, 2010, the Company had sold substantially all of its businesses. NRTLQ is focused on the sale of its remaining assets, optimizing the value of its intellectual property (IP) portfolio, providing transition services to the purchasers of its businesses, the wind-down of its global operations and other restructuring activities.
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In the report, the analyst notes:
"Shares of NRTLQ traded as much as 40% higher yesterday as the bankrupt tech giant's remaining assets went on the auction block. The Canadian company has delayed the auction for a week after it saw significant level of interest in its approximately 6,000 patents and patent applications."
"NRTLQ reported revenues from continuing operations of $20 million in the first quarter of 2011 compared to $362 million for the first quarter of 2010, reflecting a reduction of 94.5% as a result of the business divestitures and the deconsolidation of its U.S. subsidiaries."
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