Nortel said it lost $1.41 billion in 4th quarter, compared with $...
Nortel said it lost $1.41 billion in 4th quarter, compared with $172 million income year ago. Revenue during period rose 34% to $8.8 billion. Company said it had record full-year results with revenue up 42%, although net loss for…
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year climbed to $3.47 billion from $351 million last year. Nortel officials said they were “extremely pleased” by 4th-quarter results because of strong growth in optical Internet, wireless Internet and core IP networking areas.