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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject10/2/2001 4:26:35 PM
From: BigMoney  Read Replies (1) of 436258
 
10/02 16:18
Nortel Expects $3.6 Billion Loss, Will Cut More Jobs (Update1)
By Brenda Batten

Brampton, Ontario, Oct. 2 (Bloomberg) -- Nortel Networks Corp. said it will report a third-quarter loss of $3.6 billion and trimmed its third-quarter revenue forecast to $3.5 billion.

Additional jobs will be cut, reducing the workforce to 45,000, the Brampton, Ontario-based telephone-equipment maker said in a news release distributed by Business Wire.
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