Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mike E. who wrote (7805)	7/25/2000 4:19:10 PM
From: Joe Hoek	Read Replies (2) \| Respond to of 49816

FFIV musta blown their earnings showing 32 x 33 after closing at 42 13/16 There was some confusion headed into earnings about taxes etc. so there EPS number may have changed... moving back up some aleady...

To: Mike E. who wrote (7805)	7/25/2000 4:45:23 PM
From: stan s.	Read Replies (2) \| Respond to of 49816

Nortel Profit Surges Above Second Quarter Estimates BRAMPTON, Ont. (Reuters) - Nortel Networks Corp. (Toronto:NT.TO - news)(NYSE:NT - news), the world's No. 2 network equipment supplier, said on Tuesday that surging demand for its fiber-optic, Internet and wireless equipment drove second-quarter earnings 28.5 percent above market expectations. Nortel said its profit from operations, excluding one-time charges, rose to $561 million, or 18 cents a share, from $320 million, or 11 cents a share, in the year earlier quarter. The average estimate of 29 brokers polled by First Call/Thomson Financial was a profit of 14 cents a share. The consensus of 30 brokers surveyed by IBES forecasting service was for 14 cents. Including acquisition costs, Nortel reported a net loss of $745 million, or 26 cents a share, compared with a net loss of $258 million, or 10 cents a share, last year. Second-quarter revenues grew 48 percent to $7.8 billion from $5.3 billion last year. Nortel also said it expects sales in 2000 to grow in the low 40 percent range, up from a previous estimate of 30-35 percent, and that growth in earnings per share from operations will be in the high 30 percent range. Chief financial officer Frank Dunn said Nortel will outpace market growth rate of 20-21 percent in 2001, with revenues and earnings per share from operations increasing in the 30-35 percent range. Nortel, which said on Monday it will spend $1.9 billion to more than double fiber-optic manufacturing capacity, is in talks to sell its fiber-optic parts business to Corning Inc. (NYSE:GLW - news), a source close to the deal told Reuters. Reports suggest that a stock swap worth more than $100 billion would result in Nortel owning more than 50 percent of Corning, while Corning would own the optical parts unit and maintain its independence.