(Registrieren)

Nortel Declares Preferred Share Dividends

Geschrieben am 13-10-2006

Washington (ots/PRNewswire) - The board of directors of Nortel
Networks Limited today declared a dividend on each of the outstanding
Cumulative Redeemable Class A Preferred Shares Series 5 [TSX:
NTL.PR.F] and the outstanding Non-cumulative Redeemable Class A
Preferred Shares Series 7 [TSX: NTL.PR.G]. The dividend amount for
each series is calculated in accordance with the terms and conditions
applicable to each respective series, as set out in the Company's
articles. The annual dividend rate for each series floats in relation
to changes in the average of the prime rate of Royal Bank of Canada
and The Toronto-Dominion Bank during the preceding month ("Prime")
and is adjusted upwards or downwards on a monthly basis by an
adjustment factor which is based on the weighted average daily
trading price of each of the series for the preceding month,
respectively. The maximum monthly adjustment for changes in the
weighted average daily trading price of each of the series will be
plus or minus 4.0% of Prime. The annual floating dividend rate
applicable for a month will in no event be less than 50% of Prime or
greater than Prime. The dividend on each series is payable on
December 12, 2006 to shareholders of record of such series at the
close of business on November 30, 2006.

About Nortel

Nortel is a recognized leader in delivering communications
capabilities that enhance the human experience, ignite and power
global commerce, and secure and protect the world's most critical
information. Our next-generation technologies, for both service
providers and enterprises, span access and core networks, support
multimedia and business-critical applications, and help eliminate
today's barriers to efficiency, speed and performance by simplifying
networks and connecting people with information. Nortel does business
in more than 150 countries. For more information, visit Nortel on the
Web at www.nortel.com. For the latest Nortel news, visit
www.nortel.com/news.

Certain statements in this press release may contain words such as
"could", "expects", "may", "anticipates", "believes", "intends",
"estimates", "targets", "envisions", "seeks" and other similar
language and are considered forward-looking statements or information
under applicable securities legislation. These statements are based
on Nortel's current expectations, estimates, forecasts and
projections about the operating environment, economies and markets in
which Nortel operates. These statements are subject to important
assumptions, risks and uncertainties, which are difficult to predict
and the actual outcome may be materially different. Further, actual
results or events could differ materially from those contemplated in
forward-looking statements as a result of the following (i) risks and
uncertainties relating to Nortel's restatements and related matters
including: Nortel's most recent restatement and two previous
restatements of its financial statements and related events; the
negative impact on Nortel and NNL of their most recent restatement
and delay in filing their financial statements and related periodic
reports; legal judgments, fines, penalties or settlements, or any
substantial regulatory fines or other penalties or sanctions, related
to the ongoing regulatory and criminal investigations of Nortel in
the U.S. and Canada; any significant pending civil litigation actions
not encompassed by Nortel's proposed class action settlement; any
substantial cash payment and/or significant dilution of Nortel's
existing equity positions resulting from the finalization and
approval of its proposed class action settlement, or if such proposed
class action settlement is not finalized, any larger settlements or
awards of damages in respect of such class actions; any unsuccessful
remediation of Nortel's material weaknesses in internal control over
financial reporting resulting in an inability to report Nortel's
results of operations and financial condition accurately and in a
timely manner; the time required to implement Nortel's remedial
measures; Nortel's inability to access, in its current form, its
shelf registration filed with the United States Securities and
Exchange Commission (SEC), and Nortel's below investment grade credit
rating and any further adverse effect on its credit rating due to
Nortel's restatements of its financial statements; any adverse affect
on Nortel's business and market price of its publicly traded
securities arising from continuing negative publicity related to
Nortel's restatements; Nortel's potential inability to attract or
retain the personnel necessary to achieve its business objectives;
any breach by Nortel of the continued listing requirements of the
NYSE or TSX causing the NYSE and/or the TSX to commence suspension or
delisting procedures; (ii) risks and uncertainties relating to
Nortel's business including: yearly and quarterly fluctuations of
Nortel's operating results; reduced demand and pricing pressures for
its products due to global economic conditions, significant
competition, competitive pricing practice, cautious capital spending
by customers, increased industry consolidation, rapidly changing
technologies, evolving industry standards, frequent new product
introductions and short product life cycles, and other trends and
industry characteristics affecting the telecommunications industry;
the sufficiency of recently announced restructuring actions,
including the potential for higher actual costs to be incurred in
connection with these restructuring actions compared to the estimated
costs of such actions and the ability to achieve the targeted cost
savings and reductions of Nortel's unfunded pension liability
deficit; any material and adverse affects on Nortel's performance if
its expectations regarding market demand for particular products
prove to be wrong or because of certain barriers in its efforts to
expand internationally; any reduction in Nortel's operating results
and any related volatility in the market price of its publicly traded
securities arising from any decline in its gross margin, or
fluctuations in foreign currency exchange rates; any negative
developments associated with Nortel's supply contract and contract
manufacturing agreements including as a result of using a sole
supplier for key optical networking solutions components, and any
defects or errors in Nortel's current or planned products; any
negative impact to Nortel of its failure to achieve its business
transformation objectives; additional valuation allowances for all or
a portion of its deferred tax assets; Nortel's failure to protect its
intellectual property rights, or any adverse judgments or settlements
arising out of disputes regarding intellectual property; changes in
regulation of the Internet and/or other aspects of the industry;
Nortel's failure to successfully operate or integrate its strategic
acquisitions, or failure to consummate or succeed with its strategic
alliances; any negative effect of Nortel's failure to evolve
adequately its financial and managerial control and reporting systems
and processes, manage and grow its business, or create an effective
risk management strategy; and (iii) risks and uncertainties relating
to Nortel's liquidity, financing arrangements and capital including:
the impact of Nortel's most recent restatement and two previous
restatements of its financial statements; any inability of Nortel to
manage cash flow fluctuations to fund working capital requirements or
achieve its business objectives in a timely manner or obtain
additional sources of funding; high levels of debt, limitations on
Nortel capitalizing on business opportunities because of credit
facility covenants, or on obtaining additional secured debt pursuant
to the provisions of indentures governing certain of Nortel's public
debt issues and the provisions of its credit facilities; any increase
of restricted cash requirements for Nortel if it is unable to secure
alternative support for obligations arising from certain normal
course business activities, or any inability of Nortel's subsidiaries
to provide it with sufficient funding; any negative effect to Nortel
of the need to make larger defined benefit plans contributions in the
future or exposure to customer credit risks or inability of customers
to fulfill payment obligations under customer financing arrangements;
any negative impact on Nortel's ability to make future acquisitions,
raise capital, issue debt and retain employees arising from stock
price volatility and further declines in the market price of Nortel's
publicly traded securities, or any future share consolidation
resulting in a lower total market capitalization or adverse effect on
the liquidity of Nortel's common shares. For additional information
with respect to certain of these and other factors, see Nortel's
Annual Report on Form10-K/A, Quarterly Report on Form 10-Q and other
securities filings with the SEC. Unless otherwise required by
applicable securities laws, Nortel disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

(i) Nortel, the Nortel logo and the Globemark are trademarks of
Nortel Networks.

ots Originaltext: Nortel Networks
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For more information: Media, Jay Barta, +1-(972)-685-2381,
jbarta@nortel.com. Investors, +1-(888)-901-7286, +1-(905)-863-6049,
investor@nortel.com


Kontaktinformationen:

Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.

Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.

Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.

http://www.bankkaufmann.com/topics.html

Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.

@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf

E-Mail: media(at)at-symbol.de

34444

weitere Artikel:
  • Nortel Announces Percentage for Fixed Dividend Rate on Series 6 Preferred Shares Issuable on Conversion of Series 5 Preferred Shares Toronto, Canada (ots/PRNewswire) - Nortel Networks Limited today announced that the fixed dividend rate for its Cumulative Redeemable Class A Preferred Shares Series 6 will be equal to 80% of the yield on five-year non-callable Government of Canada bonds to be determined on November 10, 2006. The Series 6 preferred shares will be issued as of December 1, 2006 to holders of Cumulative Redeemable Class A Preferred Shares Series 5 of Nortel Networks Limited [TSX:NTL.PR.F] who exercise their right to convert their Series 5 preferred shares, on a mehr...

  • Tiro Listing Partner AG hat Vertrag für drittes Going Public abgeschlossen -------------------------------------------------------------------------------- ots.CorporateNews übermittelt durch euro adhoc. Für den Inhalt der Mitteilung ist das Unternehmen verantwortlich. -------------------------------------------------------------------------------- Zürich - Die Tiro Listing Partner AG, wird für ein Maschinenbauunternehmen, welches über ein umfangreiches Patenportfolio verfügt, ein Going Public durchführen bzw. koordinieren. Der Vertrag wurde am heutigen Freitag rechtskräftig in der Schweiz unterzeichnet. Die Arbeitsgemeinschaft mehr...

  • Medienbericht zu Vorstandsgehältern und Pünktlichkeit ist falsch Berlin (ots) - Die Deutsche Bahn AG hat heute einen Bericht in der „Bild am Sonntag" zurückgewiesen, wonach die Pünktlichkeit des Schienenpersonenverkehrs in der ersten Hälfte dieses Jahres auf 82 Prozent gesunken sei. Diese Zahl sei definitiv falsch. Die Bahn war in den Jahren 2004 und 2005 mit über 90 Prozent Pünktlichkeit im Personenverkehr unterwegs. Dieses Ziel wolle sie unverändert auch im laufenden Jahr erreichen. Die DB AG hat ebenfalls vehement widersprochen, dass die Vorstandsgehälter von 1999 zu 2005 um 400 Prozent gestiegen mehr...

  • Aufsichtsrat von Volkswagen befürwortet weiterhin einvernehmliche Lösung / Getroffene Entscheidungen gelten für vier Wochen Wolfsburg (ots) - 15. Oktober 2006 - Der Aufsichtsrat der Volkswagen Aktiengesellschaft hat sich heute in seiner außerordentlichen Sitzung mit dem Thema MAN/Scania beschäftigt. Der Aufsichtsrat ist davon überzeugt, dass eine mit allen Beteiligten einvernehmliche Lösung weiterhin wünschenswert sei. Eine solche Lösung könne nur den Zusammenschluss der Unternehmen MAN und Scania zum Ziel haben. Bis zur nächsten regulären Aufsichtsratssitzung am 17. November gelten die folgenden beiden Beschlüsse der Gremien. 1. Volkswagen wird seinen mehr...

  • Volkswagen's Supervisory Board Continues to Favor Amicable Solution / Board's decisions valid for four weeks Wolfsburg (ots) - October 15, 2006 - The Supervisory Board of Volkswagen Aktiengesellschaft addressed the MAN/Scania issue at its extraordinary meeting today. The Supervisory Board is convinced that a solution acceptable to all sides remains the preferred outcome. The goal of such a solution could only be the merger of MAN and Scania. The following two resolutions by the Supervisory Board will remain in force until its next regular meeting on November 17. 1. Volkswagen shall only offer its 34 percent of Scania's voting rights and mehr...

Mehr zu dem Thema Finanzen

Der meistgelesene Artikel zu dem Thema:

Century Casinos wurde in Russell 2000 Index aufgenommen

durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Exzellent
Sehr gut
gut
normal
schlecht