NT files another 8-K saying the same thing they said in the filing on 10/24, that they are sticking to their projections for growth. Are they going to keep doing this until the analysts start to pay attention or what?
NORTEL NETWORKS CORP has filed a Form 8-K (Current Report) with the United
States Securities and Exchange Commission.
Click on the following hyperlink to view this filing:
freeedgar.com
On November 1, 2000, the Registrant confirmed its guidance for 2000 and
2001, and specifically commented on its expectations for the fourth
quarter of 2000 and the first quarter of 2001.
The Registrant continues to expect its percentage growth in revenue and
earnings per share from operations in 2000 over 1999 will be in the low
40's. The Registrant also expects its revenue and earnings per share
from operations in the fourth quarter of 2000 will be in the range of
US$8.5 billion to US$8.8 billion and US$0.26 per share on a fully
diluted basis, respectively. Overall, the Registrant expects continued
strong growth in Optical Internet, Wireless Internet, Local Internet and
eBusiness solutions. The Registrant continues to expect its Optical
Internet revenues to grow in excess of 125 percent in 2000 over 1999, to
exceed US$10 billion.
Looking forward to 2001, the Registrant continues to expect the overall
market to grow in excess of 20 percent. The Registrant also continues to
expect to grow significantly faster than the market, with anticipated
growth in revenues and earnings per share from operations in the 30 to
35 percent range. For the first quarter of 2001, consistent with
historical profile trends, the Registrant expects its revenue and
earnings per share from operations will be in the range of US$8.1
billion to US$8.3 billion and US$0.16 per share on a fully diluted
basis, respectively. |
