TELECOM Digest OnLine - Sorted: Nortel Reports Results for the First Quarter 2005

Nortel Reports Results for the First Quarter 2005

Monty Solomon (
Wed, 1 Jun 2005 21:21:26 -0400

Nortel Reports Results for the First Quarter 2005; Financial
Reporting is Now Current; Nortel Provides Status Update

TORONTO--(BUSINESS WIRE)--June 1, 2005--Nortel Networks Corporation

-- Q1 2005 revenues of $2.54 billion, up year over year 4 percent
-- Q1 2005 net loss of $49 million, ($0.01) per common share on a
diluted basis
-- Q1 2005 cash balance of $3.43 billion

Nortel Networks Corporation (NYSE:NT) (TSX:NT) today reported results
for the first quarter 2005 prepared in accordance with accounting
principles generally accepted in the United States in U.S.
dollars. As previously reported, commencing with the first quarter
2005 results Nortel's new reporting segments are GSM and UMTS
Networks, Carrier Packet Networks, Enterprise Networks and CDMA


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