Phone-equipment firms are likely to post firm net
Article Abstract:
Telecommunications-equipment vendors are likely to post slightly stronger results for 2nd qtr 1996, compared to 1995, but analysts forecast that a larger growth spurt will occur several quarters later. In 2nd qtr 1996, increasing demand for data-related and Internet services is helping to drive sales of standard telephone-switching equipment, ISDN products and Internet-related equipment. Lucent Technologies is receiving strong orders for its microelectronics, central-office switching, fiber-optic and SONET products. Its earnings are forecast to reach 7 cents per share based on revenues of $5.2 billion. Motorola's earnings are forecast to be 68 cents per diluted share, down from 79 cents the year previous because of poor sales in semiconductors. Telefon AB L.M. Ericsson will have earnings of 25 cents per share, up from 22 cents in 1995, and Northern Telecom is forecast to have earnings of 42 cents per share, up from 31 cents per share in 2nd qtr 1995.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Fears grow that telecom-gear sector is cooling
Article Abstract:
Growth in the once-rapidly expanding telecommunications market could be slowing down. Northern Telecom Ltd expects lower-than-anticipated 3rd and 4th qtr earnings, and Alcatel SA will not meet 1998 earnings projections. On Sep 30, in trading on the New York Stock Exchange, Nortel's shares dropped 11%, or $3.8125, closing at $32.0625. Meanwhile, Lucent Technologies' shares lost $5,25, or 7%, closing at $69.25; and Motorola's shares fell $1.6875, closing at $42.875. Industry observers say slowdowns at Alcatel and Nortel reflect industrywide difficulties. For example, consolidations among telephone companies could reduce capital spending, and economic problems in Asia and Latin America is affecting markets in those regions.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Lucent reports 26% rise in profit, but revenue growth disappoints
Article Abstract:
When Lucent Technologies' quarterly sales growth routinely gets reported at about 17%, slightly above expectations, it's no wonder that an increase of only 6% would rattle investors. The company attributes the news to an accounting issue whereby over $800 million in sales will be recorded in the following quarter instead. Nevertheless, profits rose 26% in the fiscal first quarter ended 12/31/98.
Comment:
Profits up while sales growth was not as good as usual
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Inquiry into Microsoft on-line plan grows. An early flood of users is seen for Microsoft's on-line service. Microsoft defends its on-line plans
- Abstracts: Software makers are likely to report generally strong earnings for quarter. Computer software & services
- Abstracts: FCC likely to offer four options to fix troubled wireless auction. QuestCom unit defaults on payment for winning FCC wireless auction bid
- Abstracts: Silicon Valley cuts donations to President over tort reform; money from computer industry drops by half. Microsoft presses its view about rivals' 3-way deal
- Abstracts: Look out, management accountants. Family-owned businesses: a challenge for management accountants. Solutions in finance: the power triangle