Opening View: China's 58

Nortel Networks posted a third quarter lose of $3.4 billion. Nortel Networks Corp. Nortel Networks (NYSE: NT, TSX: NT) reported its biggest quarterly loss with 3Q loss reaching $3.4 billion. �� Canadian telecommunications equipment maker Nortel Networks Corp. Nortel Networks Corporation (TSX:NT): Three months ended Sept. Technology stocks fell after Nortel Networks Corp. had its biggest net loss since 2001. Telecom company Nortel Networks (NT) reported a quarterly loss versus a profit a year ago, and also said it was cutting 1300 jobs. Dominion Bank fell 0.8 per cent and Nortel Networks Corp. Nortel Networks Corp. (NT) reported a $3.4 billion loss as revenue dropped. After Monday's close, Starbucks Corp. Nortel Networks Corp. sank 20% and Sprint Nextel Corp. Nortel Networks Corporation’s (Nortel) 3Q 08 revenues were in line with our expectation. The information technology group was pulled down by Nortel Networks Corp (NT.TO: Quote, Profile, Research, Stock Buzz). Canada's Nortel Networks Corp. reported its biggest quarterly loss in seven years and plans to cut 1300 jobs. Cola Enterprises (CCE) was upgraded and Nortel Networks (NT) released its quarterly earnings report.

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