Tuesday, October 16, 2007

Nortel - The News Continues

Nortel continues to take it on the chin with negative news flow, even though some will view the current news of the $35M settlement with the SEC as trying to put the past behind them. The Bloomberg article is interesting in that it provides some solid information of the history of the financial dishonesty at Nortel.

Nortel Pays $35 Million to End SEC Accounting Probe