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

To: Daskin who wrote (13811)	4/28/2004 12:27:51 PM
From: Ian@SI	Read Replies (1) \| Respond to of 14638

Until the restatements are made, it's difficult to hold any firm view whatsoever re NT's stock price. From what's been released so far, it seems as if total revenues reported are probably close to being accurate - they just weren't recognized in the appropriate quarter. Thus the reshuffling from one period to another. It seems that senior management manipulated reports in a fashion that affected their overall compensation - bonuses and options. If they missed the target for a particular period, it's starting to sound as if they held back some revenues to help meet the target in a later period. With Sarbanes-Oxley, the CEO/CFO can go to jail if they sign off on a false report. This is all conjecture on my part based upon very few details given in their press release. But it seems to be the most likely scenario. NT knows what was happening. They should just bloody well tell us.

To: Daskin who wrote (13811)	4/28/2004 12:34:27 PM
From: The Ox	Read Replies (1) \| Respond to of 14638

+DJ Nortel Chmn: Dunn Termination Particularly Difficult 04/28/2004 Dow Jones News Services (Copyright © 2004 Dow Jones & Company, Inc.) DJ Nortel Chmn: Dunn Termination Right Move DJ Nortel Chairman: Action Is Key To Restoring Confidence DJ Nortel Chmn: To Restore Confidence In Fincl Reporting DJ Nortel CEO: Changes Mark 'Pivotal' Point For Co. DJ Nortel CEO:Great Strength In Tech, Customer Relations DJ Nortel CEO: Confident In Co.'s Future DJ Nortel CEO: Fincl Accountability Will Become Watch Word DJ Nortel CEO: Can't Provide Many Of Details Of 1Q Results DJ Nortel CEO: Committed To Completing Fincl Statements DJ Nortel CEO: Still Committed To Addressing Customer Needs DJ Nortel CFO: Restatements Affecting Continuing Ops DJ Nortel CFO: Review Focused On Accrued Liabilities DJ Nortel CFO: Review Results Seen Across Co. Cost Structure DJ Nortel CFO: Restatements Could Affect All Areas DJ Nortel CEO: Business Momentum In Wireless VoIP Strong DJ Nortel CEO: Declines To Provide 1Q Specifics DJ Nortel CEO: Won't Comment On '03 Profitability Bonus DJ Nortel: Dunn Firing About Fincl Accting Reportability DJ Nortel: Cooperating With Regulator Investigations DJ Nortel: Work So Far Shows No Material Impact On Rev Cash DJ Nortel: Unaware Of Any Police Investigation DJ Nortel Dn 28% After Mgmt Changes,News Of More Restatements