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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62401)	3/28/2002 12:22:18 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Sonus Networks Says First-Quarter Loss Will Total 8 Cts-Share By Ambre Brown Morley 03/27 16:53 quote.bloomberg.com Westford, Massachusetts, March 27 (Bloomberg) -- Sonus Networks Inc., a maker of telecommunications gear and computer programs, will have a first-quarter loss of 8 cents a share, twice as wide as estimates, because of declining U.S. demand. The projected loss excludes expenses for restructuring, the amortization of goodwill, stock-based compensation and other costs, Sonus said in a Business Wire release. The company didn't estimate its net loss. Sales will total about $21 million, Sonus said. The company blamed ``deterioration in the U.S. telecom industry for both emerging carriers and even the largest providers.'' Sonus was expected to have a loss of 4 cents a share, the average estimate of analysts surveyed by Thomson Financial/First Call. The company plans to record first-quarter expenses of ] $5 million to $10 million expense for excess inventory.