Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Nortel Issues Earnings Warning

Nortel Networks (NT) sees $0.48 Q2 loss from operations on $4.5B revenues and sees

a $19.2B Q2 net loss including charges from discontinuation

of access solutions operations, layoffs, plant closures, and a write

down of intangibles. Nortel will discontinue its dividend payout.

JDS Uniphase (JDSU) sees Q4 sales of about $600M vs. previous guidance of

$700M, and sees a $0.06-$0.08 Q4 loss, including inventory

write-downs. JDS expects $450M Q1 FY 02 sales. S&P

downgraded to avoid.

General Semiconductor (SEM) sees about $0.01-$0.03 Q2 EPS on 15%-17% revenue

decline, citing a continued weakness in demand from most

of its end markets.

Tribune Co. (TRB) cut Q2 EPS from operations guidance to $0.22. The company says revenues and

newspaper advertising volume for the period ended May 27

were $432M, down 10% from year ago. S&P maintains


Diamondcluster (DTPI) sees $0.02 Q1 EPS from operations on $57M-$60M revenues,

citing continued weak demand in North America and Europe.

Circuit City (CC) posted $0.05 vs. $0.28 Q1 EPS on a 13% sales


Microsoft (MSFT) shares are lower in pre-market trading on rumors Microsoft will

report a profit warning. Microsoft reportedly denies any

such news forthcoming.

Microchip Technology (MCHP) says it's tracking well towards earlier guidance for

$138M Q1 sales and says cancellations and push-outs are slowing and inventory have been significantly reduced.

S&P upgraded to accumulate.

United Microelectronic (UMC) sees about 35% Q2 sequential revenue decline and an operating

loss due to weaker than expected market environment and a

slow economic recovery. The company says Q3 visibility remains

extremely low.

Adobe Systems (ADBE) posted $0.34 (pro forma) vs. $0.26 Q2 EPS on 15% revenue

rise. Adobe expects flat Q3 revenues.

Charles River Labs (CRL) raised Q2 EPS guidance to $0.21-$0.22 on sales that

should slightly exceed the high end of the company's earlier

guidance of $110M-$114M.

Dendrite (DRTE) expects a $0.05 Q2 loss from operations on flat revenue and sees

$0.30-$0.45 2001 EPS from operations on revenue growth of


Net2phone Inc. (NTOP) posted a $0.41 Q3 loss from continuing operations vs. a $0.21 loss as

higher costs offset sharp a revenue rise. The company and Liberty

Media announce that Liberty will license Net2Phone's Voice

over IP technology for five years.

Pinnacle Systems (PCLE) sees about breakeven Q4 (pro forma) on $60M-$64M sales,

which is about 10% less than previoiusly expected.

Rainbow Technology (RNBO) sees a $0.06-$0.09 Q2 loss vs. previous guidance of

breakeven, and expects Q2 revenues to be down about 5%.

Quanta (PWR) sees $0.35-$0.38 Q2 EPS on about $500M revenues and sees $1.73-

$1.77 2001 EPS on about $2.2B revenues, citing greater

than expected contract delays, cancellations and reduced


United Auto Group (UAG) expects to exceed $0.30 Q2 consensus EPS estimate by

$0.05, and the $1.07 2001 estimate by $0.09, citing continued revenue and

gross profit growth.

customer demand for radial aircraft tires.

Lantronix (LTRX) filed to offer 9 million


blog comments powered by Disqus