Nortel again reduces forecast for 1st quarter

Article Abstract:

Nortel Networks Corp. is forecasting lower-than-expected results for the 2001 first-quarter. The company expects to post between $6.1 billion and $6.2 billion in quarterly revenues, compared to its previous estimate of $6.3 billion.

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Nortel expects weaker revenue in fourth quarter

Article Abstract:

Nortel Networks Corp. is expecting lower revenues for the 2001 fourth-quarter. The company is forecasting $3.4 billion (3.83 billion euros) in revenues for the period.

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Nortel expects to post a loss of $3.6 billion

Article Abstract:

Nortel Networks Corp. is forecasting a loss of $3.6 billion for the 2001 third-quarter. The company also said it would layoff 20,000 additional employees.

Labor force information, Planning, Human resource management, Layoffs

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