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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (3120)	7/29/1999 2:25:00 PM
From: Stocker	Respond to of 14638

Just wanted to point out an error in the previous Bloomberg release - Sales rose 30% from $4.16B to $5.41B, NOT the 13% change noted previously. I emailed CNET about this yesterday and they said they replaced their incorrect Bloomberg release with one from Reuters. Guess they didn't think to contact Bloomberg.... Nortel Has 2Q Loss After Bay Acquisition Costs By Erik Schatzker at Bloomberg News 28 July 1999 Nortel Networks Corp., North America's No. 2 phone-equipment maker, had a second- quarter loss because of costs from its purchase of Bay Networks Inc. and other acquisitions. The company lost US$138 million, or 21 cents a share. In the year-earlier period, before it acquired Bay for US$6.9 billion, Nortel had a loss of less than US$1 million, or 1 cent a share. Sales rose 13% to US$5.41 billion from US$4.77 billion, including Bay results in both periods.