write offs. Feb 4th will be telling.
What % of their bus. did they get from Nortel? 20%? 30%? When will they let us know?
Not only loss of business, but possibly a HUGE writeoff--like Airspan had to take. WOW
"not a penny of revenues was generated from NOrtel" where is that idiot Mordoor?
Has anyone called ALVR and asked about the NOrtel exposure? Or is Feb 4th D Day? YIKES
I told you people this was coming. Also lower Rev and Earnings for quarter. Look to 1.50 for entry.
Last conf call "we were awarded the first MAJOR contract with Nortel" Guess no Revenues were coming from them.
If the loss is tens of millions, then all support will probably go.
Huge losses from Nortel could be the last nail in the coffin. What a blunder by management.