Nortel Networks reports $1 million operating loss for November

By Caroline Salls

Pittsburgh, Dec. 23 - Nortel Networks Inc. reported a $1 million operating loss for November on $7 million in total revenues, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

The figures showed a decline from the $3 million of operating earnings posted for October on $8 million of total revenues.

The net loss for November was $12 million, widening from a $3 million October net loss.

Nortel had $937 million of cash and cash equivalents at Nov. 30, up from $906 million at the end of October.

Nortel, a Brampton, Ont.-based manufacturer and supplier of telecommunications networking equipment, filed for bankruptcy on Jan. 14, 2009. Its Chapter 11 case number is 09-10138.

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