Dollars and Jens

The brothers Jens talk finance, economics, and the like.

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Dollars and Jens

Wednesday, January 07, 2004

Verizon saves Nortel

The headline is "Verizon Selects Nortel Networks to Accelerate Building of Nation's Largest Converged, Packet-Switched Wireline Network Using Voice-Over-IP Technology", but I think it's interesting mostly because this happened to the stock of a company you've heard of. Those big moves up tend not to be made by companies in Nortel's demographic, do they?

(Also interesting is the movement preceding the announcement. Is insider trading illegal in Canada?)

- posted by dWj @ 3:16 PM