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 : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (43642)	11/20/2000 7:12:28 PM
From: t2	Read Replies (3) \| Respond to of 77397

Nortel reaffirms financial guidance for 2000, 2001 after the bell today. This is going to be big news for Cisco and JNPR as well. Everyone was expecting bad news from NT. I wish they had made their announcement tomorrow during the conference call with analysts. JNPR, CSCO, NT, and their suppliers are going to rally. The longs and the analysts were nervous ahead of this major NT analyst meeting. This NT news is the "inflection point" on the Nasdaq IMHO. biz.yahoo.com Monday November 20, 6:51 pm Eastern Time Nortel reaffirms financial guidance for 2000, 2001 NEW YORK, Nov 20 (Reuters) - Communications equipment maker Nortel Networks Corp., whose stock has been hit by fears of lost contracts and layoffs, on Monday reaffirmed its financial guidance through 2001, saying it continues to see strong growth in sales of optical, wireless and Internet equipment. Nortel (NYSE:NT - news) (Toronto:NT.TO - news), which will host an investor conference in Boston on Tuesday, said it expects its 2000 revenues and earnings from operations to show growth in the low 40-percent range. It expects its optical Internet revenues to grow more than 125 percent in 2000 to more than US$10 billion. For the fourth quarter of 2000, Nortel expects its revenues to be US$8.5 billion to US$8.8 billion, with earnings from operations of 26 cents a share. That earnings outlook is consistent with its previous guidance and is in line with Wall Street expectations, according to research firm First Call/Thomson Financial. For the full year 2001, Nortel expects to outpace the overall market growth of 20 percent. It expects its revenues and earnings per share from operations to grow by 30 percent to 35 percent. In the first quarter of 2001, it expects revenues to be US$8.1 billion to US$8.3 billion, and earnings from operations to be 16 cents share. The earnings guidance matches Wall Street forecasts, First Call said. Email this story - Most-emailed articles - Most-viewed articles -------------------------------------------------------------------------------- More Quotes and News: Nortel Networks Corp (NYSE:NT - news; Toronto:NT.TO - news) Related News Categories: Canadian Market News, US Market News -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright © 2000 Yahoo! Inc. All rights reserved.Privacy Policy - Terms of Service Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.