Nortel Networks Posts 4Q Nos.

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Nortel Networks Corp. reported $2.83 billion in revenue for the fourth quarter of 2003, up from $2.53 billion in the year-ago period.

Net income for the period was $499 million, or 11 cents per share, versus a net loss of $168 million (4 cents) in the fourth quarter of 2002.

For the full year, Nortel posted $9.81 billion in revenue, down from $10.57 billion in 2002.

Net income for 2003 was $732 million, or 17 cents per share, versus a net loss of $3.27 billion (85 cents) in 2002.

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