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Medicine Hat News in Medicine Hat, Alberta

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Newspaper

Medicine Hat News

Location

Medicine Hat, Alberta, Canada

Date

Jun 14, 2001

Page

13

Nortel stock sinks to 27 month low on downgrades

Nortel Networks Corp whose shares slid to 16.70 on the Toronto Exchange amid downgrades by four analysts. TD Newcrest and Merrill Lynch Canada cut earnings and revenue projections, signaling a weaker telecom equipment market and potential for a smaller, less profitable Nortel by 2003.

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