Nortel Misses Third Refiling Deadline
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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 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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Electronic Data Systems Corp. postponed release of its third-quarter earnings for the second time in two weeks yesterday, as the computer services giant attempted to address questions raised by its auditors about a Navy contract.
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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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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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Canadian communications equipment manufacturer Nortel expects its third-quarter revenue to be lower than its second-quarter results.
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TORONTO (CP) - The accounting calamity at Nortel Networks Corp. deepened Thursday as Canada&#39;s largest technology company again delayed its financial statements and restatements.
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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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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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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 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 (CP) - Nortel Networks stock fell to its lowest price in more than a year Wednesday after the troubled telecommunications equipment maker again delayed its much-anticipated financial restatements, this time until mid-November.
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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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Office Depot Inc , the world's second-largest office supplies retailer, said on Monday it would delay its third-quarter earnings release due to an independent review of its vendor program funds.
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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 said today that it will begin releasing restated and delayed financial results dating back to 2001 next week after a nine-month delay.
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Nortel Networks will restate its results for the fourth time in four years, a move that will delay the filing of its 2006 annual report.