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Articles tagged with: Thomson and Nortel
Nortel 4Q Net Loss Widens - More Job Cuts Planned
TORONTO -(Dow Jones)- Nortel Networks widened its fourth-quarter loss because of increased tax reserves and announced it will cut another 2,100 jobs as part of its turnaround plan as it struggles with a slowdown in spending by its carrier customers, particularly in the U.S. because of that country's struggling economy. more
Related Tags: ethernet, voip, sprint-nextel, rcom, compete, nortel-networks, sprint, ben, tax, chief-financial-officer, new-york, toronto, toronto, Canada
Flextronics International Retreats As Profit Falls
SAN FRANCISCO (Dow Jones) -- Flextronics International shares fell as much as 7% Wednesday after the electronics maker reported a sharp drop in third-quarter profit on restructuring costs and lower sales after it sold off a business unit. more
Related Tags: dell, sharp, flextronics, flextronics-international
Nortel Reduces Third-quarter Loss
WASHINGTON (Dow Jones) -- Nortel Networks on Wednesday posted a narrower third-quarter loss as the Canadian vendor sold more wireless and next-generation networking gear. more
Related Tags: nortel-networks
Nortel Gets Lift From Strong Quarterly Report
NEW YORK (Dow Jones) -- Shares of Nortel Networks surged in early action on Monday after the Canadian communications equipment company's strong 10% revenue increase in its fiscal second quarter bested Wall Street expectations. more
Related Tags: sharp, nortel-networks
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