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Non-Tech : Le coin des francophones -- Ignore unavailable to you. Want to Upgrade?

To: sirinam who wrote (22074)	7/25/2000 5:08:34 PM
From: pallmer	Respond to of 77509

Sirinam, J'ai oublié de te dires que le market depth n'est pas disponnible sur le NYSE. Pal

To: sirinam who wrote (22074)	7/25/2000 5:44:28 PM
From: pallmer	Respond to of 77509

DJ Nortel CEO/Outlook -2: Had 2Q Optical Run Rate Of $10B TORONTO (Dow Jones)--John Roth, Nortel Networks Corp. (NT) chief executive, declined to comment on reports that Nortel is in talks to sell its fast-growing optical-parts business to Corning Inc. (GLW) for about US$100 billion in stock. The Wall Street Journal reported Monday that Nortel, the big network-equipment vendor, was in talks to sell its optical-components business for stock in a deal which would likely end up giving Nortel a major, if not controlling, stake in U.S.-based Corning, which currently supplies amplifier components to Nortel. Optical amplifers are components used in optical tranmission services, to boost the digital signals travelling through fiber-optic lines. Asked about the rumored talks, Roth in a brief telephone interview to discuss Nortel's second-quarter results replied: "I can't comment on that." Carriers can't get enough optical network transmission gear because it allows carriers to expand the capacity of their networks more effectively than traditional equipment in order to meet the explosion in Internet traffic. Nortel is a leading supplier of both the transmission systems and the components used in these systems. The market has speculated that Nortel wants to sell the parts business in order to unlock its value and create a big enough components supplier to compete against JDS Uniphase Corp. (JDSU), the industry leader. Roth did say that Nortel's sales of optical equipment, the main driver behind the company's growth, will exceed the company's original projection of $10 billion this year. However, he declined to provide a new forecast. Analysts expect Nortel's sales of optical gear to reach $12 billion to $13 billion for the year. In support of this view, Roth said that the company achieved a run rate of $10 billion in optical equipment sales in the second quarter. And "we continue to climb," he said. Moreover, the company was sold out of product in the second quarter, in another testament of the demand for this equipment. Monday, Nortel announced plans to invest $1.9 billion to more than double its total optical output over the next 18 months to better meet its customer needs. -Ben Dummett, Dow Jones Newswires; 416-306-2024; ben.dummett@dowjones.com (END) DOW JONES NEWS 07-25-00 05:27 PM- - 05 27 PM EDT 07-25-00