Nortel again delays financial data: &#39;beyond a normal mortal&#39;s ...
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TORONTO (CP) - The accounting calamity at Nortel Networks Corp. deepened Thursday as Canada&#39;s largest technology company again delayed its financial statements and restatements.
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Network support provider Nortel Networks Corp. said Thursday that the transfer of its Montreal manufacturing activities to Flextronics has been delayed to the first quarter of 2005, to allow Nortel to focus on completing its financial restatements.
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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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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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The Electronic Data Systems Corporation announced yesterday that its quarterly financial report would be delayed because of a dispute with its auditors over the company&#39;s troubled computer services contract with the United States Navy.
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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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Blaming the complexity of the task, Nortel Networks Corp. is delaying the release of long-awaited financial results by another month, to late October, and may seek another delay of its annual meeting.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) put a specific date, Jan. 10, on when it will start filing its much-delayed restatement of financial results on
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TTAWA, Aug. 19 - Nortel Networks, the troubled Canadian telecommunications equipment maker, has fired seven more financial managers as it continued to sort out the accounting scandal that led to the dismissal of its president this year.
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Nortel Networks Corp., a telephone equipment maker that is the focus of regulatory and criminal probes in the US and Canada, delayed by a month the filing of financial statements for 2003 and the first half of 2004.
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Embroiled in an accounting scandal that led to the firing of its CEO, Nortel Networks said today that its financial results for 2003 and the first half of 2004 won't be out until the end of October.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) said on Wednesday that a far-reaching revision of its faulty financials will not require accounting changes for sales of certain fiber optic equipment.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) , one of the world&#39;s biggest telecoms equipment makers, has again delayed filing its restated financial results, mainly because
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Accounting scandal continues to drag out as company once again delays reporting results for first half of 2004 and all of 2003.
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Nortel Networks Corp. NT.TO said on  Wednesday that a far-reaching overhaul of its faulty financials  will not require changes to accounting for sales of certain  fiber optic equipment.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) , one of the world&#39;s biggest telecom equipment makers, again delayed the release of its long-awaited restated
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The accounting disaster at Nortel Networks -- which has already resulted in several firings - deepened today as the company said it is again delaying the release of its financial statements and restatements.