Optical telecoms demand creeps back, Nortel says
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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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Nortel Networks Corp. NT.TO, one of  the world's largest makers of telecoms equipment, said on  Wednesday it would miss by about two weeks its end of October  deadline to release long-awaited restated financial results.
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TORONTO (CP) - Nortel Networks shares fell Thursday after the troubled telecom equipment maker warned that its full-year growth in 2004 will likely trail the industry, rather than outperform its peers as the company has been predicting.
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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. 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 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.
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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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After having promised to file its revisions by the end of October, Nortel Networks Corp. said it would delay its long-awaited restatement for the second time.
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Retreating from an upbeat forecast it  made just last month, Nortel Networks Corp. NT.TO warned on  Thursday that third-quarter sales will fall below  second-quarter levels and that its 2004 revenue growth rate  will lag that of the telecoms-equipment sector as a whole.
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Nortel Networks Corp. NT.TO NT.N one  of the world's largest telecom equipment makers, reported  long-delayed results for the first half of 2004 on Tuesday.
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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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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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Shares of Nortel Networks Inc. NT.N  fell 6.6 percent in premarket trading on Thursday after the  telecommunications equipment maker said it expects  third-quarter revenue to fall from the previous quarter.
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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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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, 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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The exploding demand to view videos anywhere, anytime, is stretching network technologies to the limit, warns Nortel CTO John Roese.