John Roth
John Roth
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.
business carriers data demand financial growing momentum networks optical performance pleased quarter solid solutions
We are pleased with our solid financial performance in the first quarter and especially pleased with the growing business momentum we are seeing. Demand by carriers for our data and optical networks solutions has accelerated.
billion cents confident earnings enter final fourth fully guidance month operations quarter range revenue share stated
As we enter the final month of the quarter, we are very confident in our previously stated guidance of revenue and EPS from operations in the fourth quarter in the range of $8.5 billion to $8.8 billion and earnings per share of 26 cents on a fully diluted basis,
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.
across asia europe growth north pleased quarter segment strong
I am pleased with our strong growth in the quarter across our carrier segment in North America, Europe and Asia Pacific.
adjusting below billion cost current drive expected industry instead levels light plan quarter revenue targeting work
In light of the current levels of expected industry spending, we are adjusting our work plan and targeting a cost structure, expected to be in place during the first quarter of 2002, to drive breakeven at a quarterly revenue level well below $4 billion, instead of the $5 billion quarterly revenue level outlined previously.
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.
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,
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.