Nortel's Shares Fall on Revenue Warning
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Nortel Networks reversed a longstanding position that its revenue growth would exceed the overall market's this year.
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Nortel Networks said on Thursday it will 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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Nortel Networks Corp. NT.TO warned on  Thursday 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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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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Demand for fiber-optic network telecoms  equipment is starting to creep back, Nortel Networks Corp. said   on Thursday, following a long slump sparked by the  burst of the tech bubble.
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Telecoms equipment maker Nortel Networks sharply revises downwards its profits for the 2003 fiscal year.
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OTTAWA  - Nortel Networks Corp.  posted long-awaited preliminary results for the first half of2004 on Thursday, estimating first and second quarter earningsbetween nil and 1 cent per share.
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Demand for fiber-optic network telecoms   equipment is starting to creep back, Nortel Networks Corp. said   NT.TO on Thursday, following a long slump sparked by the   burst of the tech bubble.
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Nortel Networks Corp. expects its revenue in the third quarter to fall below the previous quarter's estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment industry, the company said in a statement Thursday.
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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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NEW YORK -- Nortel Networks Corp. reported a loss of 6 cents per share in the third quarter and predicted lower sales for 2004 than in 2003 on Tuesday, providing some of its first concrete figures for the
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Shares of Lucent Technologies Inc.   fell on Tuesday, dragging down other telecommunications  equipment stocks with it a day after the company warned of a  fall in third-quarter earnings on slower wireless network  equipment sales.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) posted long-awaited preliminary results for the first half of 2004 on Thursday, estimating first and second quarter earnings between nil and 1 cent per share.
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TORONTO - Nortel Networks warned Thursday its third-quarter revenue will be below the $2.6 billion US preliminary unaudited revenues it reported for the second quarter.
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Nortel Networks Corp. NT.TO NT.TO  posted long-awaited preliminary results for the first half of  2004 on Thursday, estimating first and second quarter earnings  between nil and 1 cent per share.
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Retreating from an upbeat forecast it made just last month, Nortel Networks Corp. on Thursday warned that third-quarter sales will fall below its second quarter and 2004 revenue growth at
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Shares of Conexant Systems Inc.  CNXT.O fell 15 percent before the bell on Monday after the  chip maker warned quarterly sales and earnings will be lower  than expected.