Nortel to restate yet again

Nortel Networks Corp. reported a stunning $2.21-billion (U.S.) loss in the fourth-quarter Friday and said it will restate its results yet again. Canada's No. 1 telecommunications-equipment maker said its preliminary, un-audited fourth-quarter loss was 51 cents a share after a $2.47-billion litigation charge. The shares fell 3.6 per cent in pre-market U.S. trading.