10:07 AM EST - Nortel Networks Corp. : has reported July-September net income of US$27 million, up from a year-earlier loss of $63 million. Revenue declined eight per cent to US$2.70 billion because of the sale of Nortel's UMTS business, but the company pointed to rising orders and expanding profit margins. Nortel Networks Corp.
shares T.NT are trading up 1.67 at $16.90.
