SBC's troubles bruise regional Bells

Article Abstract:

SBC Communications' warning of lowered expectations for 2001 has affected the other regional Bell phone companies. It also weakens the view that the regional Bell phone companies are immune to the stock market malaise that has infected most technology stocks. SBC shares dropped 12.7% to close at $46.56 after it announced that it expected 2001 earnings per share growth of 11% to 14%. Wall Street expected growth of 14.5%.

Local Telephone Service, SBC Communications Inc.

---

Investors snub Lucent spinoff Agere on first day of trading

Article Abstract:

Agere Systems saw its share price rise by just 2 cents from its initial price of $6 during the company's IPO after investors stayed away from the market. Agere said that it expects to post a significant operating loss in FY 2001 after big customers have rescheduled or canceled their orders due to a slowing US economy. Agere's performance shows how the fate of telecommunications equipment providers are dependent on each otehr.

Other Communications Equipment Manufacturing, Fiber Optics Systems & Equip, Fiber optic networks, Agere Systems Inc.

---

Obstacles trip up high-speed telephone lines

Article Abstract:

The spread of high speed internet service is slowing as smaller companies go under and service prices skyrocket.

Market information - general, Telephone communications, exc. radio, Data Transmission Services, Telecommunications industry, Telecommunications transmission technologies

Similar abstracts:

• Abstracts: Justice Department and Microsoft agree on most of settlement pact. The Microsoft-U.S. negotiations: tough talk in Chicago
• Abstracts: Uneasy airline unions want more information than they're getting. US Airways fights fallout from shutdown threat
• Abstracts: Metallica to try to prevent fans from downloading recordings. Chief of MP3.com testifies in music copyright hearing
• Abstracts: Advertising: some experts of spin offer advice to Microsoft on how to reach consumers' hearts and minds. Microsoft tries another court: public opinion; spends milions on ads and lobbying efforts
• Abstracts: A Sector Where 'Merger' Can Mean The Start of Something Ugly. Hewlett-Packard may seek deal for consultants

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.