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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (77144)	5/17/2001 8:38:08 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

CIENA - The most absurd definition of profitability - what they will eliminate next ? Outlook Ciena said ``it is possible'' for the company to boost revenue 95 percent to 105 percent in fiscal 2001 and have profit, excluding some costs, of 72 cents to 75 cents a share. On that basis, the company is expected to earn 73 cents in fiscal 2001, according to First Call/Thomson Financial. Excluding items such as charges, payroll taxes on stock options and amortization, Ciena would have had a second-quarter profit of $65.4 million, or 20 cents a share, an increase from $19 million, or 6 cents, in the year-earlier period. On that basis, Ciena was expected to earn 16 cents a share, the average estimate of analysts surveyed by First Call. Operating expenses in the quarter soared to $184.9 million from $57.5 million. Smith succeeds Nettles, who was named executive chairman. The management changes are effective immediately, Ciena said. quote.bloomberg.com in another vein Oneida Ltd. (OCQ): The maker of stainless steel and silver- plated flatware said fiscal first-quarter profit fell 95 percent after customers placed fewer orders because of the slumping U.S. economy. Oneida rose $1.65 to $18.50.

To: Bruce Brown who wrote (77144)	5/17/2001 5:56:25 PM
From: puborectalis	Respond to of 99985

VRTS Juggernaut......Veritas: R&D at $4 billion over 5 years By Michael Baron, CBS.MarketWatch.com Last Update: 5:29 PM ET May 17, 2001 NEW YORK (CBS.MW) -- Veritas Software CFO Ken Lonchar said the company plans to spend $4 billion on research and development over the next five years. FRONT PAGE NEWS Palm falls to all-time low after warning Palm, Extended terminate deal Dell Computer meets earnings target Buoyed by techs, U.S. stocks climb Market news and more! Sign up to receive FREE email newsletters Get the latest news 24 hours a day from our 100-person news team. Responding to a question from the audience at the Salomon Smith Barney Data Storage Infrastructure conference, Lonchar said that while it hasn't scaled back spending, the company (VRTS: news, msgs, alerts) has shifted the focus of investments from one strategic area to another. For example, Veritas is increasing spending on the storage area network environment rather than the Linux operating system platform. In addition, Veritas is working on technologies for inclusion in the next version of IBM's (IBM: news, msgs, alerts) OS platform. When asked which of the company's products are seeing the strongest growth prospects, Lonchar mentioned replication products, an area that he noted was one of the only places where Veritas competed with EMC (EMC: news, msgs, alerts) . "I haven't been on a sales call in the last six months, where the customer didn't ask about replication," he said. Replication products allow data backup, for copying to secondary servers or to prevent losses in a disaster. Commenting on the current economic environment, Lonchar said the slowdown would have to end sooner or later and that companies can't save their way out of it. Instead, he said, they would have to determine where to invest in order to emerge stronger. Shares of Veritas traded up $1.19 at $69.20 on Wednesday. Michael Baron is a reporter for CBS.MarketWatch.com based in New York. Latest Industry News