Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Qualified Opinion who wrote (13956)	7/19/2004 5:59:54 PM
From: Qualified Opinion	Read Replies (1) \| Respond to of 14638

In response to some spin that I recently read, general cash reconciliation for the 1st qtr., 2004 from 4/28/2004 press release: Excerpt: "As a result of all of the above, Nortel Networks is not in a position at this time to announce preliminary financial results for the first quarter of 2004. The Company can report, on a preliminary unaudited basis, that its cash balance as at March 31, 2004 was approximately US$3.6 billion, down from approximately US$4.0 billion as at Dec. 31, 2003. The reduction was primarily due to payments made in the first quarter of 2004 under the Nortel Networks employee incentive compensation plans as well as cash outlays for restructuring and a real estate transaction."