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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.02+3.3%3:59 PM EST
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To: GVTucker who wrote (53659)6/15/2001 8:18:25 AM
From: HH  Read Replies (2) of 77400
 
Re NT warning... Am I reading this correctly???

19.2 BILLION ( as in BILLIONS of DOLLARS )

In a statement issued before the markets opened on Friday
Nortel, the world's largest supplier of telecom equipment, said
it expects a second-quarter loss of $19.2 billion after charges
incurred in the restructuring and streamlining of the company.
Facing the prospect that customers might not flood back
until the second half of 2002, Nortel also said it was
adjusting "intangible assets" by $12.3 billion and halting
dividend payments.
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