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Nortel Details Job Cut Plan: Page 3 of 4

The scandal has resulted in the firing of chief executive Frank Dunn and about 10 finance employees -- lawsuits and criminal investigations in Canada and the United States.

Earlier this month, Nortel said it expects its revenue in the third quarter to be lower than those reported for the second quarter.

The company plans to file delayed annual results for 2003 and complete results for the first two quarters of 2004 by the end of October.

U.S.-traded shares of Nortel fell a penny to $3.50 in morning trading on the New York Stock Exchange.

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