Telecom & Wireless

Nortel's Poor Outlook Has A Price

Nortel’s poor outlook for the year is costing its investors as 24/7 mentioned over the weekend. The Canada-based telecom equipment maker said revenue for the year would be flat. The shares are down over 3% to $26.20 in the pre-market.

Look for a rough day.

Douglas A. McIntyre

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.