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NL Update

News | 01/21/2002 5:00 am EST

Nortel posts record loss for FY 2001
Telecom equipment manufacturer Nortel Networks Corp. registered a final loss of US$27.3 billion for the last year, compared with a loss of $3.5 billion the previous year. CEO Frank Dunn tells analysts the company has reached "a true turning point", which may be what the captain of the Titanic alleged. More details:

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