Nortel Warns of Weaker Sales
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Retreating from an upbeat forecast it made just last month, Nortel Networks Corp. (NT.TO: Quote, Profile, Research) on Thursday warned that third-quarter sales will fall
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Nortel Networks Corp. NT.TO warned on  Thursday that third-quarter sales will fall below its second  quarter and that full-year 2004 revenues at North America's  largest telecom equipment maker will lag the overall sector.
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Nortel Networks Corp. investors predicted Tuesday the telecom equipment giant will again slash jobs when it reports long-overdue results this week, and shrugged off news of another criminal probe into its high-profile accounting woes.
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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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Canadian officials are opening a criminal investigation into accounting at Nortel Networks Corp. Shares in the telecom-equipment maker edged lower Tuesday.
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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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Nortel Networks said on Thursday it will 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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Auto parts maker Visteon Corp.   on Tuesday warned sales will fall short of its prior 2006  forecast, becoming the latest supplier to fall victim to  production cuts by the Big Three automakers.
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WASHINGTON (CBS.MW) -- The latest corporate overhaul by Nortel Networks will shear the company of all its manufacturing operations and leave it with 70 percent fewer workers than it had four years ago.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) said on Thursday it will eliminate almost 10 percent of its workforce, slightly less than it previously expected, and
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OTTAWA, Aug 19  - Nortel Network Corp.&#39;s (NT.TO: Quote, Profile, Research) new growth recipe may strike a sour note with Wall Street because it does not center on profit margins, but a focus on cash and costs will better serve the ...
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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.
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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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Alcatel-Lucent warned Thursday that after talks with North American mobile operator clients about their spending plans, third quarter sales growth was expected to be weak and would &quot;negatively impact&quot; profitability.
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Motorola is warning that second quarter sales and earnings will be lower than expected.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) expects to report lower 2004 third-quarter revenues compared to the second quarter, North America&#39;s largest maker of telecom equipment
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U.S. shares were expected to start slightly weaker on Tuesday on caution ahead of results from networking gear maker Cisco Systems  which will set the direction for technology stocks.