11:50 AM EST - Nortel Networks : reported a narrow third quarter loss and said its board approved a 1-for-10 reverse stock split to boost the nominal value of the telecom equipment maker’s shares. The net loss of 2 cents per share in the three months ended Sept. 30, compared with a net loss of 3 cents a share, or $136-million, in the year-earlier period. While revenue rose 17 per cent to $2.96-billion, gross profit as a percentage of revenue slipped to 38 per cent in the quarter from 39 per cent in the same quarter of 2005. Nortel Networks
