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SECURITIES AND EXCHANGE COMMISSION
____________________________________________________
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report
(date of earliest event reported)
October 24, 2000
NORTEL NETWORKS CORPORATION
________________________________________________________
(Exact name of registrant as specified in its charter)
CANADA 1-7260 Not Applicable
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8200 Dixie Road, Suite 100, Brampton, Ontario, Canada L6T 5P6
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(address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (905) 863-0000.
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ITEM 5. OTHER EVENTS
On October 24, 2000, the Registrant announced, in conjunction
with the release of its financial results for the third quarter
of 2000, that it continues to expect that its percentage revenue
growth in 2000 over 1999 will be in the low 40's. Consistent
with the Registrant's overall expectations for the year was the
reiteration by the Registrant of its expectation that its
Optical Internet solutions revenues will exceed US$10 billion.
The Registrant also stated that it expects that its percentage
growth in earnings per share from operations in 2000 compared
with 1999 will also be in the low 40's, up from its previously
stated expectation which was in the high 30's. Looking forward
to 2001, the Registrant stated its expectation that the overall
market will grow in excess of 20 percent. Compared to 2000, the
Registrant continues to expect to grow significantly faster than
the market in 2001, with anticipated growth in revenues and
earnings per share from operations in the 30 to 35 percent
range.
Certain statements included in this report are forward-looking
and are subject to important risks and uncertainties. The
results or events predicted in these statements may differ
materially from actual results or events. Factors which could
cause results or events to differ from current expectations
include, among other things: the impact of price and product
competition; the dependence on new product development; the
impact of rapid technological and market change; the ability of
the Registrant to make acquisitions and/or integrate the
operations and technologies of acquired businesses in an
effective manner; general industry and market conditions and
growth rates; international growth and global economic
conditions, particularly in emerging markets and including
interest rate and currency exchange rate fluctuations; the
impact of consolidations in the telecommunications industry; the
uncertainties of the Internet; stock market volatility; the
ability of the Registrant to recruit and retain qualified
employees; and the impact of increased provision of customer
financing by the Registrant. For additional information with
respect to certain of these and other factors, see the reports
filed by the Registrant with the United States Securities and
Exchange Commission. The Registrant disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORTEL NETWORKS CORPORATION
By: /S/ FRANK A. DUNN
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Frank A. Dunn
Chief Financial Officer
By: /S/ BLAIR F. MORRISON
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Blair F. Morrison
Assistant Secretary
Dated: October 27, 2000
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