Nortel Delays Reports
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RESEARCH TRIANGLE PARK - Nortel has again pushed back restatements of earnings and also will not disclose its third quarter results until later this year, the company said Wednesday.
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TORONTO - Nortel Network&#39;s ongoing work on its financial restatements means the transfer of its Montreal manufacturing facility to Flextronics will be delayed until early 2005.
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TORONTO Sept. 30, 2004 - Nortel Networks Corp. gave details of a previously announced job cut program Thursday, saying it is cutting 1,400 in the United States by next June.
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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 Corp. (NT) warned on Thursday it will again delay filing restated financial results, shaking investor confidence in the leading telecom equipment maker and sending its stock lower.
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Nortel Networks Corp. said the Toronto Stock Exchange and the New York Stock Exchange won&#39;t commence suspension or delisting actions because of the company&#39;s delay in filing certain financial reports.
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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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Nortel Networks Corp.  NT.N  NT.TO said on Monday the Royal Canadian Mounted Police told  the company it will begin a criminal investigation into  Nortel's financial accounting.
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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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TORONTO - Nortel Networks said Wednesday it is again delaying the release of its much-anticipated financial restatements going back to 2001 and now expects to have them ready by mid-November.
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Nortel Networks Corp. said it will miss a self-imposed October deadline for filing restated results, the second time the telephone equipment maker has delayed the release of its financial statements.
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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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Less than a week after it launched a media blitz to boost its image, Nortel Networks Ltd. postponed yet again the release of its financial statements, underlining the company&#39;s challenges to steer out of the
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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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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.
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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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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.