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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (5496)	4/24/2000 8:59:00 PM
From: Gregory Rasp	Read Replies (1) \| Respond to of 14638

Hello all. For those of you who don't follow GLW, I thought I would let you know that today they announced another purchase and BLOWOUT earnings. After the market closed, Corning (GLW: news, msgs) recorded net earnings of $178 million, or 64 cents a share, excluding special items, up 78 percent from the $92.5 million, or a 36-cent, profit recorded in the same quarter a year ago. Analysts had projected a profit of 55 cents a share, according to First Call. First Call figures include amortization of goodwill. On a pro forma basis, net income came in at $188.3 million, or 68 cents, which excludes goodwill. In the year-ago period, the company earned $97.9 million, or 38 cents a share. Quarterly revenue jumped 36 percent to $1.35 billion from a year-ago $997 million. The company said it expects pro forma earnings growth of 35 percent for the year 2000 and, as a result, is raising full-year per-share earnings guidance to the range of $2.70 to $2.75 per share. Corning attributed its revenue numbers to the strong optical fiber sales, with demand increasing more than 50 percent and demand for Corning Leaf optical fiber tripling in the quarter. Also, sales in the company's photonic division increased 90 percent, led by demand for optical amplifiers. In a separate release, Corning said it has agreed to acquire the remaining equity in NZ Applied Technologies for up to $150 million in Corning stock. Corning already owns 20 percent of the photonics components manufacturer. As part of the agreement, a significant portion of the purchase price is contingent on NZ Applied Technologies' achieving certain product development milestones. "The rapidly growing demand for broadband communications services, such as high-speed Internet connections and on-line video, is outstripping the capacity of communications service providers," said Jean-Louis Malinge, Corning's passive-components business director. cbs.marketwatch.com I would note that First Call earnings had recently been revised upward from about 42cents. Also at $0.68 for Q1, the $2.70 guidance would appear to be a slam dunk. GR PS. I figure if some can drone on about NT competitors here, I can drone about a supplier for one post! lol

To: Kenneth E. Phillipps who wrote (5496)	4/25/2000 10:00:00 AM
From: Techplayer	Read Replies (1) \| Respond to of 14638

Nortel And Lucent Compete For Air Time Ready to Rumble! -------------------------------------------------------------------------------- Forget pro-wrestling. Fight fans looking for blood should tune into the scrap now brewing between Lucent Technologies lucent.com and Nortel Networks nortel.com for domination of the fiberless optical networking market. Lucent and Nortel have both struck deals with fiberless optical startups -- ones that sell products that use lasers to transmit high-speed voice and data through the air rather than over fiber cable. But the companies they have sided with have different takes on the technology, which makes this an interesting face-off. Nortel today announced a reseller agreement with AirFiber Inc. airfiber.com, which itself announced its first products -- called OptiMesh -- this morning. Nortel provided AirFiber with its second round of financing, and has been working with the vendor on product development since last August, it says. Just two weeks back, Lucent announced its own partnership with TeraBeam Networks terabeam.com. Under the agreement, Lucent will take a 30% stake in TeraBeam and will set up a jointly owned company to distribute the products (see The Truth About TeraBeam ). lightreading.com --------------------------------------------------------------------------------