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Technology Stocks : Infinera -- Ignore unavailable to you. Want to Upgrade?

To: Tartuffe who wrote (3556)	5/9/2018 11:28:59 AM
From: FJB	1 Recommendation Recommended By Tartuffe Respond to of 4443

I can answer this question before the CC. HELL YES IT IS AN OPPORTUNITY. Next question... I would like to hear a question about 400ZR and their plans there. 2020 is getting close.

To: Tartuffe who wrote (3556)	5/9/2018 3:09:49 PM
From: FJB	Read Replies (1) \| Respond to of 4443

ZTE ‘shuts down major operating activities’ after US action 09 May 2018 ZTE says it has shut down operations because of the action taken against it last month by the US. Customers that are likely to be immediately affected by the ruling include all three large Canadian operators, Bell Canada, Rogers and Telus, as well as Orange, Telefónica, SoftBank, True, Telekom Austria and Forthnet. ZTE is a significant contributor to the development of 5G standards and if it does disappear that may disrupt the rollout of the new mobile standard over the next few years while other companies argue over the intellectual property involved. ZTE’s plight follows a statement by the US Department of Commerce (DoC) in April that the vendor had not taken the action it promised to take against those executives implicated in smuggling equipment to Iran. ZTE agreed in 2017, in a settlement of an action by the DoC in 2016, to reprimand them and deprive them of their bonuses. In punishment the DoC issued a denial order that outlaws US companies such as Cisco, Dell, Intel, Microsoft, Oracle, Qualcomm and Symantec to trade with ZTE for seven years. The decision will also affect ZTE’s growing handset business: its terminals use Qualcomm chips. This morning ZTE issued a statement to the Hong Kong stock exchange, where its shares are quoted: "As a result of the denial order, the major operating activities of the company have ceased." It said it was still trying to negotiate a settlement with the US. "The company and related parties are actively communicating with the relevant US government departments in order to facilitate the modification or reversal of the denial order by the US government and forge a positive outcome in the development of the matters." ZTE did not elaborate on the decision, which will have an impact on operators around the world that use its equipment – including smaller cable and telecoms companies in the US, where the previous ban applied only to the larger carriers. Yesterday ZTE said it had delayed its annual shareholders meeting. It was due to happen this Friday but ZTE said it now expects to hold the meeting before 30 June. In April ZTE protested that it had established a compliance committee in response to the US action – though it said that committee is "led directly by its CEO", and has built a global team of experienced export control compliance experts, hired professional guidance, and organised compliance training covering over 65,000 employees. ZTE also said in April that "the company’s board of directors and management team will do their utmost to protect the interest of 80,000 employees to work legally, as well as the interest of their families".

To: Tartuffe who wrote (3556)	5/9/2018 4:22:08 PM
From: FJB	Read Replies (1) \| Respond to of 4443

Infinera Corporation Reports First Quarter 2018 Financial Results GlobeNewswire•May 9, 2018 UNNYVALE, Calif., May 09, 2018 (GLOBE NEWSWIRE) -- Infinera Corporation, provider of Intelligent Transport Networks, today released financial results for its first quarter ended March 31, 2018. GAAP revenue for the quarter was $202.7 million compared to $195.8 million in the fourth quarter of 2017 and $175.5 million in the first quarter of 2017. GAAP gross margin for the quarter was 40.5% compared to 24.1% in the fourth quarter of 2017 and 36.5% in the first quarter of 2017. GAAP operating margin for the quarter was (12.2)% compared to (36.0)% in the fourth quarter of 2017 and (21.6)% in the first quarter of 2017. GAAP net loss for the quarter was $(26.3) million, or $(0.17) per share, compared to a net loss of $(74.0) million, or $(0.50) per share, in the fourth quarter of 2017, and net loss of $(40.5) million, or $(0.28) per share, in the first quarter of 2017. Non-GAAP gross margin for the quarter was 43.7% compared to 37.5% in the fourth quarter of 2017 and 40.3% in the first quarter of 2017. Non-GAAP operating margin for the quarter was (3.4)% compared to (9.3)% in the fourth quarter of 2017 and (11.4)% in the first quarter of 2017. Non-GAAP net loss for the quarter was $(7.2) million, or $(0.05) per share, compared to a net loss of $(18.6) million, or $(0.12) per share, in the fourth quarter of 2017, and net loss of $(21.7) million, or $(0.15) per share, in the first quarter of 2017. A further explanation of the use of non-GAAP financial information and a reconciliation of the non-GAAP financial measures to the GAAP equivalents can be found at the end of this release. “Our financial performance in Q1 reflects continued strong growth from our next-generation products that offset typical seasonal weakness,” said Tom Fallon, Infinera’s Chief Executive Officer. “In 2018, we remain focused on winning new customers that will diversify our revenue base, drive multi-year growth and leverage our unique vertically-integrated operating model. We also remain committed to returning to profitability during the second half of 2018.” Second Quarter 2018 Financial Outlook Infinera's outlook for the quarter ending June 30, 2018 is as follows: Revenue is expected to be in the range of $203 million to $213 million. GAAP gross margin is expected to be 38% +/- 200 bps. Non-GAAP gross margin is expected to be 42% +/- 200 bps. GAAP operating expenses are expected to be $106 million +/- $2 million. Non-GAAP operating expenses are expected to be $93 million +/- $2 million. GAAP operating margin is expected to be approximately (13)%. Non-GAAP operating margin is expected to be approximately (3)%. GAAP EPS is expected to be $(0.18)+/- $0.02. Non-GAAP EPS is expected to be $(0.05) +/- $0.02. Infinera's Financial Outlook does not include the potential impact of any business combinations, asset acquisitions, strategic investments and other significant transactions that may be completed after May 9, 2018. Actual results may differ materially from Infinera's Financial Outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below.