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Nortel restates, releases, recaps

News | 04/01/2007 4:00 am EDT

Nortel Networks recorded a US$80 million loss in Q4 2006, an improvement over the US$2.3 billion loss a year earlier. The news came after Nortel's announcement that it would restate the 2004, 2005 and 2006 finances because of accounting errors.

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