Investors punish Marconi in wake of profit warning
Article Abstract:
Marconi PLC saw its share value drop by 54% as the company was punished for suspending its stock the day before it made its profit warning. Marconi expects a 50% drop in operating profits for the 2001 financial year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Nortel is cautious over earnings for current year
Article Abstract:
Nortel Networks Corp.'s operating earnings for the 2000 fourth-quarter met forecasts. However, the company is still warning that its results for the 2001 year will be at the low end of the expected 30% to 35% range.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Telecom slump takes toll on ADC's profit
Article Abstract:
ADC Telecommunications Inc. is forecasting lower-than-expected earnings and sales for the fiscal 2001 second-quarter. The company has lowered its quarterly sales targets by over $125 million.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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