This is not going to help DSL today...Sure glad WSTL decided to go CPE rather than try and compete against the big boys in the DSLAM mkt...
Paradyne Warns 3rd-Qtr Results to Be Below Analysts' Estimates
By Ambre Brown Morley
Largo, Florida, Sept. 28 (Bloomberg) -- Paradyne Networks Inc., a telecommunications-equipment maker, said third-quarter results will be lower than analysts expected because of reduced shipments to some customers.
Results are forecast to be breakeven to a loss of 2 cents a share before charges, deferred stock compensation and goodwill amortization. The Largo, Florida-based company was expected to earn 12 cents, the average estimate of six analysts polled by First Call/Thomson Financial.
The shares of Paradyne fell 4.25, or 43 percent, to 5.75 in early Nasdaq Stock Market trading.
Phone companies, including AT&T Corp., use Paradyne's products to deliver Internet connections on ordinary telephone lines that are more than 50 times faster than those possible with standard dial-up modems. Paradyne said some customers changed their plans on deploying the digital subscriber line, or DSL, services and cut their orders for the equipment. The changes also will impact fourth-quarter and 2001 earnings, Paradyne said.
The company said it will have a one-time charge of $30 million to $35 million in the quarter related to writing down inventory |
