CIENA - The most absurd definition of profitability - what they will eliminate next ?
Outlook
Ciena said ``it is possible'' for the company to boost revenue 95
percent to 105 percent in fiscal 2001 and have profit, excluding
some costs, of 72 cents to 75 cents a share. On that basis, the
company is expected to earn 73 cents in fiscal 2001, according to
First Call/Thomson Financial.
Excluding items such as charges, payroll taxes on stock options and
amortization, Ciena would have had a second-quarter profit of $65.4
million, or 20 cents a share, an increase from $19 million, or 6 cents,
in the year-earlier period.
On that basis, Ciena was expected to earn 16 cents a share, the
average estimate of analysts surveyed by First Call.
Operating expenses in the quarter soared to $184.9 million from
$57.5 million.
Smith succeeds Nettles, who was named executive chairman. The
management changes are effective immediately, Ciena said.
quote.bloomberg.com
in another vein
Oneida Ltd. (OCQ): The maker of stainless steel and silver- plated
flatware said fiscal first-quarter profit fell 95 percent after customers
placed fewer orders because of the slumping U.S. economy.
Oneida rose $1.65 to $18.50. |
