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Technology Stocks : Nortel Networks (NT)

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From: Qualified Opinion	11/29/2004 6:34:54 PM
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Nortel Provides Update on Annual Shareholders' Meeting Excerpt: The Company and its Board of Directors remain committed to holding the Meeting as soon as practicable and believe that it is in the best interests of the Company and its shareholders that the 2003 audited financial statements are completed and mailed to shareholders in advance of the Meeting, in accordance with applicable laws. Based on the need to comply with applicable legal requirements in both Canada and the United States, including allowing for a reasonable time for the submission and processing of shareholder proposals, and given the Company's experience as to the time needed to prepare, print and mail the necessary meeting materials to a shareholder base of approximately 1.7 million registered and beneficial shareholders, the Company expects to hold the Meeting approximately 85-100 days after it is called. In light of these factors, the Company will now seek a Court order extending the time for the holding of the Meeting to no later than March 31, 2005, and remains committed to holding the Meeting at the earliest practicable time. Link:http://biz.yahoo.com/bw/041129/295827_1.html

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