John Roth
John Roth
continue earnings expect growth low operations percentage revenue share
We continue to expect that our percentage growth in revenue and earnings per share from operations in 2000 over 1999 will be in the low 40's,
continue exceed excess expect grow internet optical percent
We continue to expect our optical Internet revenues to grow in excess of 125 percent in 2000 over 1999, to exceed $10 billion.
continue earnings expect faster given grow growth internet leadership market operations per percent position revenue share strong
Given our strong market position and leadership in high-performance Internet solutions, we continue to expect to grow significantly faster than theÊ market, with anticipated growth in revenue and earnings per share from operations in the 30 to 35 percent range,
assess conditions continue customers delays economic expected impact longer market seeing spending
We are seeing longer than expected delays in spending by our U.S. customers as they continue to assess the impact of the economic and market conditions on their businesses,
change continue next standard tax year
They think that won't change in the next tax year and they continue to take the standard deduction,
continued grew growth internet key leadership local market networks optical quarter rates reflected revenue second solutions wireless
Nortel Networks had another quarter of outstanding growth, which reflected our continued market leadership in key growth segments, ... In particular, our optical Internet, wireless Internet, and high-speed local Internet solutions revenue grew at rates of more than 150 percent, 18 percent, and 80 percent, respectively, over the second quarter of 1999.
continued ensure growth leadership marks team time
our continued unprecedented growth marks this as the right time to ensure we have a leadership team with the depth, insight, decision-making capacity.
continue earnings excess expect faster forward given grow growth looking market networking operations overall per percent position share strong
Looking forward to 2001, we expect the overall market to grow in excess of 20 percent. Given our strong market position and industry-leading networking solutions, we expect to continue to grow significantly faster than the market, with anticipated growth in revenues and earnings per share from operations in the 30 to 35 percent range.
compared expect growth operations percent previous revenue view
We expect that our revenue growth in 2000 over 1999 will be in the 30 to 35 percent range, up from our previous view of 20 to 21 percent, and that our growth in earnings-per-share from operations in 2000 compared with 1999 will be around 30 percent,
charge concerned cost customers energy forced high less prices
Our customers are inhibited by the high cost of energy and steel. They are concerned that the prices they are forced to charge make them less competitive.
absolute cash cost line low obviously period priority seen structure sure
Obviously cash conservation is a No. 1 priority as we make sure we get our cost structure in line in this period of very low revenue, ... This is an absolute surprise. We've never seen a downturn this rapid.
environment leadership networks results second steps strengthen taken
While I am disappointed with our results for the second quarter, we have taken the right steps in this environment to strengthen Nortel Networks leadership position,
died oxygen species tells wiped
This tells us that something wiped out enough oxygen so that most species died out.
capital economic environment events expect extent financial following full given guidance improved industry meaningful next period providing quarter rebound specific spending timing year
We only expect a meaningful rebound in capital spending following a period of industry rationalization and an improved economic environment. Given the uncertainty as to the extent and timing of these events we are not providing specific financial guidance for the next quarter of full year 2001.