the nn warning...
biz.yahoo.com
i am not sure that coms will be affected too much... it is trading the way it is because of takeover possibilities, will not neccesarily move in step with other telecoms...
in after hour trades as far as i can tell, coms held steady... seems like it would have seen some selling after nn announcement if it was going to be affected... (just went to look at coms again, and no time/sales on my screen, but last i looked it was steady...)
only my opinion...
kathy :)
''However, a problem exists which prevented us from converting the great strength in orders to strength in sales. For the quarter just completed, two-thirds of our sales occurred in the last month of the quarter. To accommodate this demand, we pre-build equipment to the quoted specifications and modify it to the required capability when the order arrives. This requires organizing extra manufacturing capacity, organizing supply lines to us, optimizing order entry tools, creating incentives for sales people to order early, pruning the portfolio to elements which can be stocked, and much more. Our control of this activity is not robust enough to allow us to generate consistently predictable results and must now be changed.
''To add credence to this conclusion is the fact that one minute after the quarter closed last Sunday night, we still had orders, required by customers, amounting to $115 million. But we had run out of time.
''We are now organizing to fix this supply-line management issue and will provide more details and monitorable metrics at the final results announcement on June 1, 1999.
''Let me summarize. Customer demand for our product is very strong. We do not have a supply-line management mechanism that will allow us to predictably manage the quarter-end wave of shipments. We carry significant backlog into the first quarter, but temper our enthusiasm for that quarter with the humility that comes from the experience of this pre-announcement.''
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