Nortel delays results …. again!

It is like the story of the little boy who cried wolf. Nortel keeps saying well now we are all okay, no more surprises and we will soon release complete and honest results and earnings. And then it doesn’t. Now it is saying, it will delay releasing its updated and accurate numbers again. “My hunch is that the scope and the extent of the work involved is really what’s pushed it out a little bit. If it was three months or something like that, it would be a much more serious matter,” Gabriel Lowy, director of technology research at Blaylock & Partners told Reuters.

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