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Technology Stocks : Nortel Networks (NT)
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To: tom pope who wrote (14138)9/22/2004 11:04:42 PM
From: Qualified Opinion   of 14638
 
Tom, Nortel's adjustments seem to be to reserves rather than revenue per the updates. Considering our prior positions in Elan and current position in Nortel, it's interesting to see the results of other SEC investigations. Nortel's adjustment seems to be under $400 million to be mostly reallocated to prior years per the updates.

Rob
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