A Good Day for Nortel – Nothing Happened

No news is good news, right? With what must be a sign of relief, Nortel issued a press release yesterday that there were no "material developments" in its bi-weekly status update to the Ontario Securities Commission. Mind you, Nortel had quite a bit to say last week about his restatement of a restatement of a restatement so it's not like nothing was happening recently. Next stop: the first-quarter results by June 5 and the AGM on June 29.

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