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Nortel: Still Just Bad
By Seth Jayson (TMF Bent)
March 10, 2006

Ah, Nortel (NYSE: NT). Just can't catch a break, can ya?

It's not enough that you've got to slug it out with the likes of Lucent (NYSE: LU), Cisco (Nasdaq: CSCO), Alcatel (NYSE: ALA), and Juniper Networks (Nasdaq: JNPR). Now you have to clean up your books. Again. (Remember, it was just last month that Nortel announced a settlement related to the last go-round.)

Yes, Nortel announced on Friday a trifling $2.4 billion loss and, to get to the glimmer of hope, a 10% revenue increase over last year.....
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