To: Jim Willie CB who wrote (38278 ) 6/27/2001 4:50:31 PM From: Sully- Read Replies (1) | Respond to AFTER THE CLOSE ****** Company warns for Q2; sees loss of $0.09-0.11 vs current EPS estimate of ($0.05); company says "ongoing weakness in the economy has impacted our traditional product sales, and our resulting visibility into future quarters remains limited," .-2.14. Company reaffirms prior Q2 (Jun) revenue guidance; expects revenues to be down approximately 25% from the first quarter , or approximately in line with $215 mln consensus estimate; while the company continues to see signs of stability in North America, international business has remained soft. Company warns for Q1; sees rev in $85-$90 mln range vs consensus of $104 mln.staffing levels will be reduced by approximately 35% from the third quarter level of 436 employees; expects cash portion of restructuring charge will be approximately $10 mln.Company warns Midwest storm claims are expected to reduce Q2 earnings by $0.10-0.12 per share; current First Call estimate is $0.33.Reports Q3 earnings of $0.11 a share, $0.01 better than the First Call consensus of $0.10, vs year-ago earnings of $0.07; revenues rose 135.9% to $45.78 mln from a year-ago of $19.41 mln.Company warns Q2 (Jun) will be a loss of $0.08-0.10; current First Call estimate is a loss of $0.05; expects revenues of $62 mln; compared to $56.2 mln in the previous quarter; the company is eliminating approximately 45 positions, including some senior and mid-level management roles.Reports Q4 loss of $0.17 a share, $0.07 better than the First Call consensus of ($0.24); revenues rose 104.1% to $15.48 mln from a year-ago of $7.59 mln .Company warns for Q2; sees loss ex-items of $0.27-$0.32 vs. consensus est for loss of $0.11; revs are expected at $55-$60 mln vs consensus of $88.9 mln; "We are in the midst of an unprecedented downturn in the telecommunications marketplace. Delayed network deployments by the largest carriers and service providers reduced overall order visibility." .
