Nortel to Release Delayed Financial Results
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The telecommunications equipment maker, mired in accounting irregularities, has missed three self-imposed deadlines for correcting its financial reporting.
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SEPTEMBER 02, 2004 (REUTERS) - Nortel Networks Corp. said today it will again delay filing its financial results, predicting the reports for 2003 and the first half of 2004 won&#39;t be out until the end of October.
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Nortel Networks Corp. expects its revenue in the third quarter to fall below the previous quarter&#39;s estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment
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Truck maker Navistar International Corp. on Monday delayed its quarterly earnings report because of an anticipated restatement, although the company said the restatement was not expected to be material and gave an encouraging forecast.
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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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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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Amid continuing problems with the release of its financial statements, Nortel Networks yesterday reported a loss for this year's third quarter but said it expects improvements in fourth-quarter revenue.
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Electronic Data Systems Corp. on Monday said it will delay reporting its third-quarter financial results until Nov. 3 to evaluate whether the company needs to impair assets related to its Navy Marine Corps intranet account.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) warned on Thursday that third-quarter sales will fall below its second quarter and that full-year 2004 revenues at
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Electronic Data Systems Corp. delayed releasing its third-quarter financial results from Monday until Nov. 3 to let auditors finish evaluating a money-losing contract to provide computer services to the Navy.
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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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Nortel Networks Corp. expects its revenue in the third quarter to fall below the previous quarter's estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment industry, the company said in a statement Thursday.
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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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Nortel said it expects revenue for the third quarter to fall short of expectations.
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Canadian telecom equipment maker Nortel Networks Corp. said Wednesday that it won&#39;t be able to file financial restatements to correct accounting irregularities by the end of October, as originally expected.
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TORONTO -- Nortel Networks Corp., which is in the process of resolving an accounting mess that will result in restatements of prior years&#39; earnings, expects a 28 percent reduction in previously announced net earnings for 2003, compared with its previous
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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.