Nortel to file restated results next year
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Nortel Networks said today that after months of trying to untangle faulty financial results, it won't file its 2003 and first-half 2004 results until early next year.
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Nortel Networks Corp. NT.TO NT.N  took steps to close the books on a protracted accounting  scandal on Tuesday, releasing long-awaited restatements of  results from 2001 through 2003 and announcing that executives  would pay back millions of dollars in bonuses.
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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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OTTAWA - Nortel Networks has announced that it&#39;s once again delaying the release of financial reports. The company is currently reviewing its accounting for the past four years.
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WASHINGTON (CBS.MW) -- Nortel Networks on Tuesday issued partly revised financial results back to 2001 and said 2004 sales are likely to fall short of the prior year&#39;s tally, partly because of the company&#39;s probe of accounting improprieties.
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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: 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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AES announced last night that it would restate its past financial results because of accounting "errors" that it said "would likely be material" for 2006, and it notified the Securities and Exchange Commission that it was seeking an extension to March 16 to report results.
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Nortel Networks Corp. says it will delay the restatement of financial results for at least another month, producing numbers for 2003 and the first two quarters of this year by the end of October.
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Nortel Networks Corp. expects to report lower 2004 third-quarter revenues compared to the second quarter, North America&#39;s largest maker of telecom equipment said in a market update required by regulators on Thursday.
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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 NT.N,  one of the world's largest telecoms equipment makers, said  again on Thursday that it expects to "commence" filing audited  2003 results on Jan. 10.
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Nortel Networks, one of the world&#39;s biggest telecommunications gear makers, has again delayed filing its restated financial results mainly because of revenue reporting issues, the company said Thursday.
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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 has been working for months to correct several years of faulty financial results that have sparked lawsuits, criminal investigations and regulatory probes.
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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.
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Nortel Networks Corp. (NT.TO) delivered long-awaited preliminary results for the first half of 2004 on Thursday that showed estimated first and second quarter earnings between nil and 1 cent per share, and North America's biggest telecom equipment supplier said it would cut about 3,500 jobs.