Nortel expects drop in 2003 net earnings
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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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OTTAWA  - Nortel Networks Corp.  posted long-awaited preliminary results for the first half of2004 on Thursday, estimating first and second quarter earningsbetween nil and 1 cent per share.
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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 says it will again delay the release of its restated financial results. The Canadian telecom vendor originally promised to release the restated results in September.
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U.S. stocks were set to open near  unchanged on Thursday after a warning from technology  bellwether Nortel Networks Corp. NT.N dimmed hopes, while  stubbornly high oil prices also weighed on sentiment.
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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.   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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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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TORONTO -- Nortel Networks said yesterday it will slash its workforce 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 ...
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Nortel said it expects revenue for the third quarter to fall short of expectations.
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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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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.  , one of the world's largest telecom equipment makers, released its long-awaited restatement of 2003 results on Tuesday.
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Nortel Networks Corp. NT.TO said on  Wednesday that after months of trying to untangle faulty  financial results, it plans to file 2003 and first-half 2004  results starting Jan. 10 of next year.
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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 Corp. NT.TO NT.N  finally released restated 2003 results on Tuesday and said  executives would pay back millions of bonus dollars as it  struggles to put an accounting scandal behind it.
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MANHASSET, NY - Nortel Networks Corp. announced Wednesday (Oct. 27) that it will postpone releasing its third-quarter 2004 earnings until December, as the network infrastructure company continues to work