Nortel Vows to Deliver 2003 Results
Nortel Vows to Deliver 2003 ResultsNortel Vows to Deliver 2003 Results
Sunday January 9, 7:55 pm ET
Nortel Vows to Deliver Audited 2003 Results to Regulators; Stock Hit Possible if Another Delay
TORONTO (AP) -- Nortel Networks Corp. has pledged to deliver audited 2003 results to U.S. regulators on Monday, and some analysts expect a large stock hit if the company presents a further delay.
But Kenneth Muth, an analyst with Robert W. Baird & Co. in Milwaukee, says nobody would be shocked if Nortel again misses its self-imposed deadline. But if there's another delay he expects the stock will be driven down "because we're in a pretty tough trading market right
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