Nortel uncensored


Business Week reports that finally Nortel might be coming clean with its investors, hopefully tomorrow. The magazine says it could be a day of reckoning for the company, as execs plan to bare all and tell about “limited preliminary unaudited results” for the first and second quarters of 2004. Company spokeswoman Marion Mackenzie told BW that it will be a “milestone” in investors’ minds. “We want to give the investment community a glimpse as to what’s happening at the company,” she told the weekly. On Aug. 17, both Nortel and the Royal Canadian Mounted Police confirmed in press inquiries that the company is under a criminal investigation, BW says.

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