Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Deutsche Bank Keeps 'Buy' on Nortel Networks

Deutsche Bank keeps the buy rating on Nortel Networks (NT).

Analyst George Notter says a disconcerting part of last night's that Nortel will delay filing its 2003 report and restate its financials, is that Nortel didn't provide any detail around the potential size of the current restatement. Last time Nortel restated, in October, the company provided details.

Given that the current restatement appears to be evaluating the same "accrual and provisions" as the last restatement, Notter suspects the potential size of the current restatement will also be small -- but this is purely a guess on his part, he says. Notter thinks at bare minimum, the situation rattles one's confidence in Nortel's accounting processes and systems.

blog comments powered by Disqus