Nortel Warns of Weaker Sales
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Nortel Networks Corp. NT.TO on  Thursday warned that third-quarter sales will fall below its  second quarter and that full-year 2004 revenues at North  America's largest telecom equipment maker will lag the overall  sector.
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Cisco Systems Inc  gave a  weaker-than-expected revenue growth forecast and said its U.S.  and European customers were being increasingly cautious,  sending its shares down 7 percent on Wednesday.
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TORONTO (CP) - Nortel Networks shares fell Thursday after the troubled telecom equipment maker warned that its full-year growth in 2004 will likely trail the industry, rather than outperform its peers as the company has been predicting.
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Less than a week after it launched a media blitz to boost its image, Nortel Networks Ltd. postponed yet again the release of its financial statements, underlining the company&#39;s challenges to steer out of the
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Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said third-quarter revenue will decline from the second quarter&#39;s $2.
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TORONTO Nortel Networks said on Thursday that it would slash its work force by 3,500, or 10 percent, as it struggles to recover from an accounting scandal that toppled three top executives and led to a criminal investigation and lawsuits.
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Canadian officials are opening a criminal investigation into accounting at Nortel Networks Corp. Shares in the telecom equipment maker edged lower yesterday.
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Retreating from an upbeat forecast it made just last month, Nortel Networks Corp. (NT.TO: Quote, Profile, Research) on Thursday warned that third-quarter sales will fall
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Telecoms equipment maker Nortel Networks sharply revises downwards its profits for the 2003 fiscal year.
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Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said sales growth this year will lag that of competitors and predicted third- quarter revenue will fall from the second period&#39;s $2.
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Telecommunications equipment maker Nortel Networks will not lay off as many employees as it previously predicted, the company said Thursday.
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Nortel Networks Corp. warned Thursday that its full-year growth is expected to trail the industry, rather than lead it as the company had predicted as recently as a month ago.
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Canadian communications equipment manufacturer Nortel expects its third-quarter revenue to be lower than its second-quarter results.
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WASHINGTON (CBS.MW) -- The latest corporate overhaul by Nortel Networks will shear the company of all its manufacturing operations and leave it with 70 percent fewer workers than it had four years ago.
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Telecommunications maker Nortel Networks (NYSE: NT) won&#39;t have to lay off as many people as expected. The Canadian company announced Thursday that it plans to lay off 3,250 employees - about 250 less than
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Alcatel-Lucent warned Thursday that after talks with North American mobile operator clients about their spending plans, third quarter sales growth was expected to be weak and would &quot;negatively impact&quot; profitability.
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NEW YORK -- Nortel Networks Corp., one of the top global makers of telecommunications equipment in North America, said Thursday it expects third-quarter revenue to fall short of the $2.