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Technology Stocks : Nortel Networks (NT)
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To: Qualified Opinion who wrote (14363)1/15/2005 11:09:27 AM
From: Qualified Opinion   of 14638
 
Excerpt on R & D:

And Nortel is still investing in research and development staff, despite all the accounting reviews? Yes, R&D is 20% of revenue, which is at the high end of most companies. About a third of our population is involved in R&D, with more than 10,000 people around the world. Ottawa is our largest research facility. Our commitment to R&D is strong as ever. The reviews are not impacting our ability to innovate. We're making investments and carrying on business transparent to that.
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