E-Commerce Times Talkback

Re: Nortel Hit Hard by Accounting Concerns
Posted by: Keith Regan 2009-03-20 22:14:57

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Nortel Networks has suspended its two top financial executives pending the outcome of an internal audit, sparking fear that the telecommunications equipment maker could become the latest tech firm ravaged by accounting scandal. Shares of Nortel, which had been climbing to new heights as the company began to see the effects of a resurgence in enterprise and telecom spending, tumbled nearly 20 percent on Wall Street after the
company made its announcement.

Thanks
Posted by: raj011 2009-03-20 22:20:28 In reply to: Keith Regan

Thanks for the article.
Rocky
<a href="http://www.ca4it.com">Accounting Firm Toronto</a>