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.

Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (14260)	9/27/2001 4:01:04 PM
From: zx	Read Replies (1) \| Respond to of 19633

i did. Sonus Networks Inc (NASDAQ: SONS - news), fell after the Company issued an earnings warning for the third quarter, ending September 30. After the market close on Wednesday, Sonus Networks Inc warned it would report a loss with sales more than 25 percent below expectations due to the telecommunications market's continuing slump. The Company said it would report a third-quarter net loss of 5 cents to 7 cents a share, excluding charges, on revenue of $40 million. add- sons has almost reached my first sell target. but i don't feel like selling. Sonus will take a charge of $435 million to write off goodwill, as well as a charge of $31 million for restructuring costs. For the year, Sonus expects revenue of $170 million to $180 million and a net loss of 8 cents to 10 cents a share. Hassan Ahmed, President and CEO, stated, "The transformation of the world's telecommunications network is well under way and presents a major and long-lived opportunity for Sonus." He went on to say, "Our view of the long-term opportunity has not changed.'' Dain Rausher Wessels lowered its rating for the Company from a strong buy to a buy. Additionally, Goldman Sachs cut its earnings estimates for semiconductor companies.