Nortel Networks (NT) Message Board

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 : Nortel Networks (NT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hari t who started this subject	8/25/2004 12:55:26 PM
From: Qualified Opinion	of 14638

Excerpts from the last update: Based on the Company's work to date, it currently does not expect changes to the principal estimated impacts from such restatements and revisions to the Company's results previously outlined in the Company's press release dated July 13, 2004, except for the following: approximately three-quarters of the reduction in 2003 net earnings identified to date impacts the first half of 2003 (up from two-thirds previously estimated), with the remaining approximate one-quarter reduction impact to the second half of 2003. Business Outlook The Company continues to expect the market will grow in the low to mid-single digits in 2004 compared to 2003, and that its revenues will grow faster than the market. Nortel Networks expects, through the implementation of its strategic plan, to reduce its operating expenses to 35 percent of revenues or lower on an annualized basis in 2005. Considering the impacts of the strategic plan and higher costs associated with initial customer deployments in emerging markets, the Company expects gross margins in the range of 40 to 44 percent of revenues through 2005. Link:http://biz.yahoo.com/bw/040819/195227_1.html

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next