<<What CEO in his right mind would mislead his investors? Not only would he lose their confidence, he'd have the SEC down his throat and shareholder lawsuits up the wazoo. >>
If a shareholder ever wants to sue about being misled he/she only has to go to the SEC filings for evidence. NT has filed several documents in the last few months that contain little else besides confirmation of their expectation to meet their projected numbers. Each time there is another round of analyst pronouncements about reductions in cap ex spending in telecommunications and downgrades NT files another document. Either they are really, really confident they will meet those numbers or they are happily committing financial suicide. For example:
"On December 14, 2000, the Registrant confirmed its guidance for
the fourth quarter of 2000, the fiscal year 2000, the first
quarter of 2001 and the fiscal year 2001.
The Registrant continues to expect that 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 continues to expect
that 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 also continues to expect that
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 that
the overall market will 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 continues to expect that 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."
12/15/00
freeedgar.com
10/27/00
freeedgar.com
10/23/00
freeedgar.com |
