Silke
18.01.2001, 11:51
....für den Fibre und Telekommunikationsausrüster-Bereich. Nach den letzten Earnings hatte deren Stunde angefangen zu schlagen und wir sind überall Richtung Süden gewandert. Schaun mer mal
bye
MM
Earnings preview: Nortel
January 18, 2001 12:00 AM PT
by Rex Crum
RELATED STORIES
• Update: Nortel to cut 4,000 jobs
• Nortel, Corning upbeat for 2001
• More by Rex Crum
--------------------------------------------------------------------------------
Although most networking analysts are not expecting any major surprises when Nortel Networks (NT) reports its 2000 fourth-quarter results, that doesn't mean no one will pay any attention to what the world's second largest telecom equipment-maker has to say.
Nortel has issued guidance that it will report earning 26 cents a share on revenue between $8.5 billion and $8.8 billion for the quarter, a figure in line with analysts surveyed by First Call/Thomson Financial. Many of those same analysts are looking for Nortel's revenue to hit $8.7 billion.
But the last quarter has been one of the rockiest in Nortel's recent history. In October, Nortel -- considered to be the leading fiber-optics systems firm -- reported third-quarter earnings that fell slightly below analysts' expectations. And a sell-off in networking stocks began that erased billions in several companies' market capitalizations and fueled debate over a slowdown in network infrastructure spending in 2001.
"I think we are going to see some slowdown in capital expenditures in optical networking and networking in general," said Tom Valovic, an analyst with International Data Corp. "Investors are taking a different perspective to this market."
Nortel shares ended up being some of the most rattled within the networking sector. At the end of trading Tuesday, Nortel's shares were up 8.8 percent, or $2.81, at $34.75. However, Nortel's stock hit a 52-week low of $29 on Jan. 4, and the company's shares are off by 61 percent from a high of $89 on July 25.
To try and stabilize the situation, Nortel went out of its way three times to reaffirm its outlook not just for its 2000 fourth quarter, but also for all of 2001. The company estimates it will earn 16 cents a share on revenue of $8.1 billion to $8.3 billion for its 2001 first quarter, and overall growth for the year will be between 30 percent and 35 percent. The overall Internet equipment market has been expected to grow by 20 percent this year.
Some analysts have said Nortel should be fine in the near-term because the company has a large backlog of business from 2000, but they will watch what the company says today for signs of good or bad times in the quarters ahead.
Nortel has remained particularly bullish on the growth of its optical equipment, and the company forecasts it will do about $10 billion in optical equipment annually.
But Nikos Theodosopolous, an analyst with UBS Warburg, recently wrote a report questioning whether Nortel could meet the $10 billion optical sales goal. Theodosopolous cut his estimates for Nortel and network equipment-makers Cisco Systems (CSCO) and ADC Telecommunications (ADCT) and said he thought telecom equipment spending would fall between 15 percent and 20 percent for the year.
On Jan. 11, Nortel showed it wasn't completely immune to job cuts either. The company announced it would cut 4,000 jobs in some of its slower-growing areas, such as older-model voice systems, but that overall staff levels would remain the same as in 2000.
Nortel's earnings statement also comes on the heels of a report that the company is in talks to buy a laser-making plant in Switzerland for $3 billion in stock from JDS Uniphase (JDSU). Officials from both companies called the reports "rumor and speculation."
bye
MM
Earnings preview: Nortel
January 18, 2001 12:00 AM PT
by Rex Crum
RELATED STORIES
• Update: Nortel to cut 4,000 jobs
• Nortel, Corning upbeat for 2001
• More by Rex Crum
--------------------------------------------------------------------------------
Although most networking analysts are not expecting any major surprises when Nortel Networks (NT) reports its 2000 fourth-quarter results, that doesn't mean no one will pay any attention to what the world's second largest telecom equipment-maker has to say.
Nortel has issued guidance that it will report earning 26 cents a share on revenue between $8.5 billion and $8.8 billion for the quarter, a figure in line with analysts surveyed by First Call/Thomson Financial. Many of those same analysts are looking for Nortel's revenue to hit $8.7 billion.
But the last quarter has been one of the rockiest in Nortel's recent history. In October, Nortel -- considered to be the leading fiber-optics systems firm -- reported third-quarter earnings that fell slightly below analysts' expectations. And a sell-off in networking stocks began that erased billions in several companies' market capitalizations and fueled debate over a slowdown in network infrastructure spending in 2001.
"I think we are going to see some slowdown in capital expenditures in optical networking and networking in general," said Tom Valovic, an analyst with International Data Corp. "Investors are taking a different perspective to this market."
Nortel shares ended up being some of the most rattled within the networking sector. At the end of trading Tuesday, Nortel's shares were up 8.8 percent, or $2.81, at $34.75. However, Nortel's stock hit a 52-week low of $29 on Jan. 4, and the company's shares are off by 61 percent from a high of $89 on July 25.
To try and stabilize the situation, Nortel went out of its way three times to reaffirm its outlook not just for its 2000 fourth quarter, but also for all of 2001. The company estimates it will earn 16 cents a share on revenue of $8.1 billion to $8.3 billion for its 2001 first quarter, and overall growth for the year will be between 30 percent and 35 percent. The overall Internet equipment market has been expected to grow by 20 percent this year.
Some analysts have said Nortel should be fine in the near-term because the company has a large backlog of business from 2000, but they will watch what the company says today for signs of good or bad times in the quarters ahead.
Nortel has remained particularly bullish on the growth of its optical equipment, and the company forecasts it will do about $10 billion in optical equipment annually.
But Nikos Theodosopolous, an analyst with UBS Warburg, recently wrote a report questioning whether Nortel could meet the $10 billion optical sales goal. Theodosopolous cut his estimates for Nortel and network equipment-makers Cisco Systems (CSCO) and ADC Telecommunications (ADCT) and said he thought telecom equipment spending would fall between 15 percent and 20 percent for the year.
On Jan. 11, Nortel showed it wasn't completely immune to job cuts either. The company announced it would cut 4,000 jobs in some of its slower-growing areas, such as older-model voice systems, but that overall staff levels would remain the same as in 2000.
Nortel's earnings statement also comes on the heels of a report that the company is in talks to buy a laser-making plant in Switzerland for $3 billion in stock from JDS Uniphase (JDSU). Officials from both companies called the reports "rumor and speculation."