SONS Message Board - Msg: 17308109

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SemiBull who wrote (114)	4/9/2002 7:57:52 PM
From: SemiBull	Read Replies (1) of 1575

Sonus cutting salaries 10 pct, sees flat outlook BOSTON, April 9 (Reuters) - Network equipment maker Sonus Networks Inc. (NasdaqNM:SONS - news) on Tuesday said it was cutting salaries 10 percent companywide as it expects flat revenue growth in the current second quarter. Stephen Nill, chief financial officer for Sonus, told analysts during a conference call the salary reduction plan was being implemented this month. Nill said second-quarter revenue would be about flat, compared with the $21.2 million the company generated in the first quarter. He said the company's net loss, excluding special items, also would be about the same as the first quarter. After the market closed, Sonus said it lost $16.2 million, or 9 cents a share. Nill said Sonus' operating expenses would continue to decrease, or would be about 2 percentage points lower than the first quarter.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next