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

To: sirinam who wrote (22085)	7/26/2000 9:02:05 AM
From: pallmer	Read Replies (2) \| Respond to of 77509

Siniram, regarde celle-là. DJ Nortel CEO -2: Beefing Up Optical Components >NT NEW YORK (Dow Jones)--Nortel Networks Corp. (NT) is beefing up its optical components unit, which has been the subject of sale rumors. Nortel Chief Executive John Roth told CNBC he would not discuss rumors that his company is planning to sell the business to Corning Inc. (GLW) for nearly $100 billion, and only stressed expansion of the unit. "We're investing very heavily in optical components," he said Wednesday morning. "Our strategy to focus on the optical Internet, the wireless Internet, is paying handsome dividends, and Nortel's just enjoying unprecedented growth in both revenue and earnings." Nortel announced Tuesday that it would invest $1.9 billion to increase capacity of its systems and optical components, Roth said. "We make many of our own components, about $2.5 billion worth a year right now, and we're going to triple that over the next couple years," Roth said. Nortel announced second-quarter earnings of 18 cents a share, beating Street estimates by three cents. Revenue was up 48% to $7.8 billion, with operating income up 75% to $561 million. Roth expects revenue to remain in the low 40% range for the year. -Hollister Hovey, Dow Jones Newswires; 201-938-2007; hollister.hovey@dowjones.com (END) DOW JONES NEWS 07-26-00 08:59 AM- - 08 59 AM EDT 07-26-00 Jul-26-2000 12:59 GMT Symbols: US;GLW CA;BCE CA;NT CA;GLWY CH;GLW DE;GLW US;BCE US;NT DE;NTL DE;NTLF DE;NTLX Source DJ Dow Jones Categories: I/CMT I/DTC I/RTL I/TEL I/TLS SUB/DJN N/DJN SUB/DJWI N/DJWI SUB/CAC N/CAC SUB/CTV N/CTV SUB/TNM N/TNM SUB/WEI N/WEI M/NND M/TEC M/UTI P/DCA P/DDE P/DTE GEO/CA R/CA GEO/NME R/NME GEO/NY R/NY GEO/ONT R/ONT GEO/QBC R/QBC GEO/US R/US GEO/USE R/USE