Nortel Warns on 2004 Revenue Growth
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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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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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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., North America&#39;s largest maker of telephone equipment, said revenue in the third quarter will decline from the second quarter&#39;s $2.
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OTTAWA, Aug 19  - Nortel Network Corp.&#39;s (NT.TO: Quote, Profile, Research) new growth recipe may strike a sour note with Wall Street because it does not center on profit margins, but a focus on cash and costs will better serve the ...
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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. NT.TO NT.N,  one of the world's largest telecoms equipment makers, promised  again on Thursday that it would "commence" filing audited 2003  results on Jan. 10 and it now sees fourth quarter revenue of  $2.8 billion.
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Nortel Networks Corp. will lay off approximately 1,400 employees in the US and about 950 in Canada, with those employees to be notified by the end of June 2005, the network equipment vendor said in a regulatory
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Nortel Networks Corp. said Wednesday it intends to file its long-delayed financial statements for the first two quarters of 2004 on Jan. 10 of next year.
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But the networking company&#39;s first-quarter results are the sixth straight quarter of revenue growth. By Paul Travis. Market leading networking vendor Cisco Systems on Tuesday reported that sales growth in its first fiscal 2005 quarter, ended Oct.
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Nortel Networks Corp. NT.TO NT.N,  one of the world's largest telecom equipment makers, filed its  long-awaited restatement of 2003 results on Tuesday which cut  earnings, but boosted revenue.
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Nortel Networks Corp. NT.TO NT.N  filed 2004 first-half earnings that were in line with previous  estimates on Tuesday, meeting a promise to investors and  nudging it a step closer to the release of up-to-date results.
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Worldwide semiconductor revenue is forecast to reach 226 billion US dollars in 2004, a 27.4 percent increase from 2003 revenues, according to the latest quarterly update released Tuesday by Gartner.
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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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Cisco Systems, the maker of Internet networking equipment, said that it was on track to meet Wall Street's estimates for 13 percent growth in revenue for fiscal 2005.
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NEW YORK - It certainly sounds like bad news when a company fires seven executives for financial malfeasance, lays off 3,500 employees and advises investors that it expects sluggish market growth for the year. But for Ontario-based Nortel Networks, it&#39;s ...
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Nortel Networks reversed a longstanding position that its revenue growth would exceed the overall market's this year.