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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: sandeep who wrote (33961)	10/24/2000 5:21:20 PM
From: mtnlady	Read Replies (3) of 42787

Yes I am getting the same thing.. "Based on the momentum we have experienced during the first nine months and the strong order backlog, we continue to expect that our percentage revenue growth in 2000 over 1999 will be in the low 40's. Consistent with our overall expectations for the year is an expectation that Optical Internet solutions revenues will exceed US$10 billion. We now expect however, that our percentage growth in EPS from operations in 2000 compared with 1999 will also be in the low 40's, up from our previously stated expectation which was in the high 30's. " Other problem is Nortel uses the Canadian accounting method that does not allow for pooling (like Cisco). That means that Nortel accounts for all of their purchases immediately and for the full amount of the purchase. Therefor they show a 'loss' for the quarter. Several of the news agencies led with this 'non news' as their headline. Terrible. The only negative to Nortel's report was.. a) revenues were 300m less than 5 analysts thought it would be (met or exceeded the other 17 analysts). b) beat by a penny (like another vendor we know always does) rather than blow out the estimate. Actually Roth told the analysts to up their estimates a couple of weeks ago. Go figure.

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