Nortel Networks reported greater than expected first quarter losses, but said it still expects to meet its full-year projections. The telecom equipment maker posted a loss of $138 million, or 28 cents a share, compared with a loss of $103 million, or 23 cents a share, for the same quarter last year. Losses for the quarter were up from its fourth quarter, when it posted a loss of $844 million, or $1.70 a share.

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