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.

Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (20843)	10/17/2000 5:24:24 PM
From: Leroyt	Respond to of 21342

John, Thanks. Got the same drift from the previous post of Charlie Smith. I do expect to see a big difference ... but the market sure is brutal. Hoping for some upside. later, leroyt

To: John Curtis who wrote (20843)	10/17/2000 5:29:14 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 21342

CMTN gave a very weak forecast for next quarter and next year. You are right that they attribute it to weakening orders from the CLEC's. Though WSTL sells primarily to the ILEC's, I'm sure the concern is that a falling tidal wave will sink all ships. Here's the CMTN information excerpted from its earnings announcement: ``We are very pleased with our financial results and execution for our third fiscal quarter. These results are especially gratifying given the increasingly competitive landscape faced by our competitive local exchange carrier (CLEC) customers,'' noted Rick Gilbert, president and chief executive officer of Copper Mountain. ``However, in light of recent reductions in capital expenditure forecasts from many of our CLEC customers, we expect revenue and earnings to decline in the fourth quarter of 2000 on a sequential basis. For the fourth quarter we currently expect to achieve net revenue of approximately $60.0 million and pro forma, fully-taxed, earnings per share of between $0.04 and $0.06. We expect these trends in the service provider landscape to impact our financial results for 2001 as well. Although the uncertainties in the marketplace make forecasting for fiscal year 2001 extremely difficult, we currently expect to achieve net revenue of between $300.0 million and $330.0 million and pro forma, fully-taxed, earnings per share of between $0.16 and $0.25 in fiscal year 2001.