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Published: 11 September 2000 00:14 BST
Nortel Networks had CDN$19.6bn (£9.3bn) stripped from its value on Friday as jittery investors reacted to suggestions that revenue at major phone companies is slowing.
The Wall Street Journal on Friday stated that a slowdown would affect telecommunications system developers, including Nortel and Cisco Systems.
Nortel shares shed 13 per cent on the Toronto Stock Exchange last week, closing at CDN$106.40 (£50.69) on Friday from an opening value of CDN$122.00 (£58.13) on Tuesday.
The company's stock is traded on the New York (NYSE: EDS) and London stock exchanges. With more than $21 billion in annual revenue, EDS is ranked ...
The company's stock is traded on the New York (NYSE: EDS) and London stock exchanges. With more than $20 billion in annual revenue, Environment ...
The company's stock is traded on the New York (NYSE: EDS) and London stock exchanges. With more than $21 billion in annual revenue, EDS is ranked ...
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