10:57 AM EST - Nortel Networks Corp. : shares fell on Monday after North America's biggest telephone equipment maker said its 2007 revenues would be lower than analysts expected. Nortel said late Friday it narrowed its fourth-quarter loss to $80 million, or 19 cents a share, from $2.29 billion, or $5.26 a share, a year earlier. The results from the year-before quarter included a $2.47 billion charge for litigation related to a shareholder lawsuit. Nortel also said that 2007 revenue would be "flat to down slightly" from $11.42 billion in 2006. Nortel Networks Corp.
shares T.NT are trading down $1.28 at $30.55.
