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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Lucent Technologies Inc.  said  on Monday it expects its third-quarter earnings and revenue to  fall due primarily to slower sales of wireless network  equipment in North America.
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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. 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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TORONTO (CP) - Nortel Networks stock fell to its lowest price in more than a year Wednesday after the troubled telecommunications equipment maker again delayed its much-anticipated financial restatements, this time until mid-November.
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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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Nortel Networks Corp. NT.TO, one of  the world's biggest telecoms equipment makers, has again  delayed filing its restated financial results, mainly because  of revenue reporting issues, the company said on Thursday .
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Nortel Networks Corp. indicated that it won't be waking from its financial nightmare anytime soon when it delayed on Thursday the release of its financial statements for the third time because it found additional problems with its revenue reporting for past results.
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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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U.S. stocks fell on Wednesday after a  profit warning from Coca-Cola Co. KO.N fueled concern about  corporate profits and a Goldman Sachs survey showed softening  corporate spending on technology.
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Canadian communications equipment manufacturer Nortel expects its third-quarter revenue to be lower than its second-quarter results.
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TORONTO -- Nortel Networks shares fell yesterday after the troubled telecom equipment maker said its growth this year will likely trail the overall industry -- rather than outperforming its peers as the company had been predicting.
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Nortel Networks Corp. NT.TO, one of  the world's biggest telecom equipment makers, again delayed the  release of its long-awaited restated financial results on  Wednesday, moving its target by about two weeks to  mid-November.
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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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Nortel Networks, one of the one of the worldâs biggest telecoms equipment makers, has again delayed filing its restated financial results, mainly because of revenue reporting issues, the company said Thursday.
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TORONTO Nortel Networks said on Thursday that it would 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 (NT:NYSE - news - research) suffered another setback on its march to accountability Thursday, warning that it will need an additional month to complete its audit and file restated financials.