Company Profile For Nortel Networks Corporation

Nortel Networks Corporation (NRTLQ.PK) (USA Pink Sheets)

sector: Technology · industry: Communications Equipment ·

As of 24 Nov 2009

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Price Change

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Percent Change

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Analyst Recommendations

Overview

Nortel Networks Corporation (Nortel) supplies end-to-end networking products and solutions that help organizations enhance and simplify communications. These organizations range from small businesses to multi-national corporations involved in all aspects of commercial and industrial activity, to federal, state and local government agencies and the military. They include cable operators, wireline and wireless telecommunications service providers, and Internet service providers. It designs, develops, engineers, markets, sells, supplies, licenses, installs, services and supports these networking solutions worldwide. It operates in four segments: Carrier Networks (CN), Enterprise Solutions (ES), Metro Ethernet Networks (MEN) and Global Services (GS). In March 2009, Radware Ltd. completed the acquisition of assets pertaining to Nortel’s Layer 4-7 Application Delivery Business.

Quick Financial Synopsis

BRIEF: For the three months ended 31 March 2009, Nortel Networks Corporation's revenues decreased 37% to $1.73B. Net loss totaled $507M, up from $138M. Revenues reflect a decrease in sales from Carrier Networks, Enterprise Solutions, Metro Ethernet Solutions and LG-Nortel segments. Higher loss reflects a decrease in gross profit margins, an increase gain on sale of businesses and assets and the presence of other operating income vs. an expense.