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Technology Stocks : Orckit (ORCT) -- Ignore unavailable to you. Want to Upgrade?


To: savolainen who wrote (1119)4/14/1998 4:08:00 PM
From: shlomi cohen  Read Replies (2) | Respond to of 1998
 
Hi s.,

The coin finally dropped. America got the message. Thanks for the deep technology explanations all the way.

Shlomi.



To: savolainen who wrote (1119)4/15/1998 2:25:00 PM
From: dogness  Respond to of 1998
 
orctf/dspg

Hi Savolainen,

could you comment on my post in dspg thread regarding potential for dspg based on orkit/gte deployment? Thanks

Congratulations on orctf btw. I feel like buying you and your wife/friend dinner. Where can I send a check?

dog



To: savolainen who wrote (1119)4/16/1998 12:27:00 AM
From: srvhap  Respond to of 1998
 
I don't know, maybe it's that fish I had tonight but I read this twice and I am still not sure what they are saying :) any thoughts. Tho the last line even after a third read I don't understand.

Wednesday April 15 3:22 PM EDT

GTE Sees Strong Data, Access Line Growth

By Jessica Hall

NEW YORK (Reuters) - GTE should see strong future growth in its data business as it rolls out new services such as high-
speed Internet access, the company's Chief Financial Officer Michael Kelly said.

"This is our growth business. This is the engine that's going to drive us," he said in a phone interview following the company's
earnings report.

GTE's first quarter revenues from data initiatives increased 22 percent over the fourth quarter of 1997, and Kelly said
maintaining that growth rate may be difficult as the overall size of the business keeps growing.

"The quarter-over-quarter growth of 22 percent was really strong. As the numbers get bigger, the growth rate will come down
some....The percentages may (decrease) but we expect to see future strong growth," Kelly said.

GTE expects its domestic access line growth to be consistent with the eight percent growth seen in the first quarter.

"With technology and the data explosion the demand for Internet access, it (line growth) just seems to be unrelenting. We
remain confident we're going to see these levels for at least for the balance of this year," Kelly said.

Earlier on Tuesday, GTE said its first quarter revenues increased 11 percent and earnings per share from core operations
jumped 10 percent due to strong demand for data services and additional telephone lines.

GTE's first quarter earnings from core operations increased to $0.76 per share on net income of $733 million, topping the
consensus Wall Street estimate of $0.65 a share. The first quarter results compared with $0.69 per share or $665 million
reported for the same period last year.

Consolidated revenues and sales increased to $5.88 billion, compared to $5.28 billion a year ago.

Including the effects of the previously announced after-tax, non-recurring charges of $802 million or 83 cents per share and
investments in data initiatives, the company posted a first quarter net loss $178 million or 18 cents per share.

Kelly said GTE's data investments will peak in the first part of 1998. Later this year, GTE will begin to reap the benefit from
that spending.

"We need to get back at a run rate level of delivering consolidated earnings per share growth of 13-15 percent rate next year.
What you're going to see is a slow start to this year but a very strong finish for the year," he said.

GTE said it is still considering bids for the various non- core assets it plans to sell. Earlier this month, GTE said it plans to
generate $2 billion to $3 billion by selling certain some wired telephone properties and other assets.

"The call list from people that are interested is huge... but I think it's going to be a bit before you see any definitive
announcements from us," Kelly said.



To: savolainen who wrote (1119)4/18/1998 12:10:00 AM
From: srvhap  Read Replies (1) | Respond to of 1998
 
Well, another week and another almost 10%. I think there are other good things in the wings for Orckit. I am waiting patiently for Orckit to issue there own release of the latest news - I expect that is going to occur sometime over the next 2 weeks. This is most definitely a host sector. Anyone see Broadcom today (Jim W of Amati fame sure called that one). Wishing all a Fantastic weekend after another exciting week :)

Tom