To: Paul Shread who wrote (6179 ) 4/24/2001 8:03:46 AM From: Lee Lichterman III Read Replies (1) | Respond to of 52237 By Lee_Lichterman on Tuesday, April 24, 2001 - 07:47 am: Edit IBM buying Informix (IFMX?) per Bloomberg TV for 1 Bil cash and stock. JDSU announcing 14 cents earnings ex-items per Blomberg TV and 20% job cuts.... JDS makes target, but warns Firm sets major restructuring and plans to cut 5,000 jobs By Greg Morcroft, CBS.MarketWatch.com Last Update: 7:07 AM ET Apr 24, 2001 SAN JOSE, Calif. (CBS.MW) -- Fiber optic industry leader JDS Uniphase reported fiscal third quarter net income of that met analysts' estimates, and announced a major restructuring that will include closing several plants and eliminating 5,000 jobs, or 20 percent of its workforce. The company (JDSU: news, msgs, alerts) reported fiscal third quarter pro-forma net income of $160 million or 14 cents per share, meeting the analyst estimate on sales of $920 million, compared to $108 million, or 11 cents per share on revenue of $485 million in the same quarter a year ago. The company also said it expects fourth quarter pro forma earnings per share will be 5 cents, on revenue of about $700 million. The consensus analyst estimate for JDS's fourth quarter earnings is 12 cents. See company earnings release JDS said it will take a fourth quarter charge of $375 million to $425 million for severance and restructuring and the result will be cost savings going forward of $25 million. Pro forma net income for the nine months ended March 31, 2001 was $545 million or 51 cents per share, an increase of 112 percent from the $257 million or 28 cents per share earned in the comparable prior year period marketwatch.com CHKP 32 vs 29 expected. LU only cut 2K of planned 8K so far. Will finish other layoffs by July....... Tuesday April 24 6:45 AM ET Lucent's Second-Quarter Results Plunge MURRAY HILL, N.J. (Reuters) - Struggling telecommunications equipment giant Lucent Technologies Inc. (NYSE:LU - news) on Tuesday said its second-quarter results plunged as the slowdown in customer spending combined with the company's restructuring actions to drag down its results. The company, based in Murray Hill, N.J., reported an operating loss of $3.7 billion, or $1.08 per diluted share, compared with net income of $755 million, or 23 cents a share, in the same period last year. This year's results included $2.7 billion in business restructuring and one-time charges, as well as amortization of goodwill and other acquired intangibles and a loss from discontinued operations. Analysts on average had expected a loss of 23 cents a share with a range of a loss of 12 cents to a loss of 47 cents, but that estimate included results at Agere (NYSE:AGRa - news), which was partly spun off recently, according to Thomson Financial/First Call, which tracks estimates. Revenues from continuing operations for the quarter ended March 31 fell 18 percent to $5.9 billion from $7.2 billion. Lucent said it has cut 2,000 of the 10,000 job cuts it announced in January. Lucent's stock closed Monday off 3 percent, or 31 cents, at $9.20 in New York Stock Exchange (news - web sites) trading. Over the past year, it has underperformed the Standard & Poor's 500 Index by more than 80 percent. dailynews.yahoo.com ============================================ 7:16am 04/24/01 [DD] DUPONT Q1 SALES AT $7.029 BLN VS. $7.941 BLN 7:15am 04/24/01 [DD] DUPONT Q1 EARNS AHEAD OF CONSENSUS 51 CENTS 7:14am 04/24/01 [DD] DUPONT Q1 EARNS 54 CENTS VS. YR-AGO 85 CENTS ================================================== 7:13am 04/24/01 [Q] QWEST Q1 EARNS AT 30 CENTS VS. YR-EARLIER 31 CENTS 7:12am 04/24/01 [Q] QWEST Q1 EBITDA AT $1.997 BLN VS. $1.724 BLN 7:12am 04/24/01 [Q] QWEST Q1 OPG INC AT $846 MLN VS. YR-AGO $782 MLN 7:11am 04/24/01 [Q] QWEST COMMS Q1 REVENUE AT $5.05 BLN, UP 11.8% ================================ 6:55am 04/24/01 [AWE, T] AT&T WIRELESS Q1 EBITDA GROWS 81.3% 6:55am 04/24/01 [AWE, T] AT&T WIRELESS Q1 CONSOL NET SUB ADDS AT 585,000 6:54am 04/24/01 [AWE, T] AT&T WIRELESS Q1 REVENUE $3.212 BLN, UP 46.2 6:50am 04/24/01 [T, AWE] AT&T: WIRELESS REVENUE GROWTH AT 46% FOR Q1 6:50am 04/24/01 [T, AWE] AT&T: Q1 BROADBAND REVENUE GROWTH AT 10% ===================================== 6:53am 04/24/01 [T] AT&T AFFIRMS FULL-YEAR FORECASTS FOR FOUR BIZ SEGMENTS 6:53am 04/24/01 [T] AT&T SEES Q2 EARNS IN RANGE 1 CENT TO 4 CENTS 6:52am 04/24/01 [T] AT&T TO ISSUE BROADBAND TRACKER 'TOWARD END' OF 2001 6:51am 04/24/01 [T] AT&T TO DISTRIBUTE CONSUMER TRACKER 'LATER THIS YEAR' 6:49am 04/24/01 [T] AT&T Q1 EBITDA AT $4.7 BLN, UP 8.8% FROM YR AGO 6:49am 04/24/01 [T] AT&T Q1 BUSINESS DATA REV UP ABOUT 20% IN Q1 6:48am 04/24/01 [T] AT&T POSTS Q1 NET LOSS 10 CENTS VS. EARNS 54 CENTS 6:48am 04/24/01 [T] AT&T: DEBT PAYDOWN TOTAL $8.7 BLN SINCE END OF 2000 6:47am 04/24/01 [T] AT&T Q1 REVENUE AT $16.76 BLN, UP 5.4% FROM YR AGO 6:47am 04/24/01 [T] AT&T Q1 ADJ EARNS AT 6 CENTS VS. YR-AGO 34 CENTS