Business Technology

摘要

I need to correct an error I made in last week's column, in which I incorrectly described the nature of Nortel Networks' recent financial results. I incorrectly cited a charge against excess inventory; there was no such charge. Rather, Nortel's net loss of $19.4 billion was tied to a $12.3 billion charge for a write-down of intangible assets related to certain acquisitions, a net loss from discontinued operations, costs related to an acquisition, stock-option compensation, and one-time gains and charges. I regret this error.