Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Thomas Weisel Lowers Wireless Facilities


Thomas Weisel downgraded Wireless Facilities (WFII) to market perform from buy.

Analyst James Linnehan says the shortfall is due to the same old problems everyone has been hearing about: customers slowing or postponing deployment of their wireless networks. He says Wireless Facilities is not giving any guidance nor scheduling a conference call so he really has no way of valuing the company. Management credibility is a big issue.

Based strictly on internal projections, Linnehan cut the $1.01 2001 cash EPS estimate to $0.10, and slashed the $380 million revenue to $230 million.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus