03:58 PM EST - Nortel Networks Corp. : says additional accounting errors, related to recognition of revenue, were uncovered Thursday involving financial results for 2004 to 2006. The announcement will force a financial restatement to correct "certain errors" and delay a filing with the U.S. Securities and Exchange Commission until mid-March. The changes add about $129 million US in losses to 2004-5 reports, while improving 2006 earnings by $15 million. Nortel Networks Corp.
shares T.NT are trading down 51 cents at $34.55.
