Nortel warns it now expects 2004 revenue growth will trail its ...
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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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Google has warned that the rapid revenue growth it experienced in the third quarter may not continue in the fourth quarter and beyond.
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Nortel Networks Corp., North America&#39;s biggest maker of phone equipment, said it will pare 3,250 jobs, 250 fewer than it had predicted last month.
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Nortel Networks Corp. NT.TO expects  to report lower 2004 third-quarter revenues compared to the  second quarter, North America's largest maker of telecom  equipment said in a market update required by regulators on  Thursday.
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Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said third-quarter revenue will fall from the second quarter&#39;s $2.
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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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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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Nortel Networks Corp. NT.TO NT.N one  of the world's largest telecom equipment makers, reported  long-delayed results for the first half of 2004 on Tuesday.
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Cisco Systems Inc. , the biggest maker of gear to direct traffic over the Internet, on Tuesday said it was on track to meet Wall Street's fiscal 2005 revenue growth estimates, but signaled that profit margins were under pressure.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) said on Thursday it will again delay filing results, predicting it will not release reports for 2003 and the first half of 2004 until the end of October.
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Nortel Network Corp.&#39;s board of directors was scheduled to meet last night to approve financial data that will be released this morning, giving the public its first look at the company&#39;s 2004 performance.
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Nortel Networks said the further delay in its release of financial information will &quot;permit the resolution of focused revenue reporting issues and remaining accounting matters identified by Nortel management.
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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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SAN FRANCISCO (CBS.MW) -- Sales for semiconductor manufacturing equipment is expected to rise sharply in 2004, but decline slightly in 2005, according to a year-end consensus forecast released late Tuesday by the industry&#39;s largest trade group.
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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.  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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Canadian communications equipment manufacturer Nortel expects its third-quarter revenue to be lower than its second-quarter results.