Nortel Quartalszahlen am 25.7.00 - 500 Beiträge pro Seite

[fantus]

5. When is your next earnings announcement date?
Our next earnings announcement date is July 25, 2000.
http://www.nortelnetworks.com/corporate/investor/faq.html

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Mein Eindruck von Nortel:
Hier passiert etwas ähnliches wie bei AMD und Intel.
Der Marktführer muß um seine Position bangen.
Wer sich die News zu Nortel zu Gemüte führt, wird sehen, daß die wahnsinns Aufträge haben.

Fazit:
Nortel ist langfristig sehr interessant. (Vielleicht nicht unbedingt am 26.7. einsteigen)
Und kurzfristig gibt`s bestimmt eine Quartalszahlen-Sause.

Viel Erfolg
fantus

[ecotrade]

Nortel Networks Reports Record Second Quarter Results,
Raises Outlook for 2000 and Sets Outlook for 2001


Revenues up 48% to US$7.8 Billion
EPS from Operations up 64% to US$0.18
Increases Outlook for 2000 - Percentage Revenue Growth in low 40`s and Percentage Growth in EPS from Operations in high 30`
BRAMPTON, ONT. - Nortel Networks* Corporation(a) [NYSE/TSE: NT] reported results for the second quarter and first six months of 2000 prepared in accordance with U.S. generally accepted accounting principles.
Revenues increased 48 percent to US$7.82 billion for the second quarter of 2000 from US$5.28 billion in the same period in 1999. Net earnings from operations applicable to common shares(b) for the quarter were US$561 million, or US$0.18 per share on a diluted basis, compared to US$320 million, or US$0.11 per share on a diluted basis, for the same period in 1999, an increase in earnings per share from operations of 64 percent. Including Acquisition Related Costs (b) and one-time gains and charges, Nortel Networks recorded a net loss applicable to common shares in the second quarter of 2000 of US$745 million or US$0.26 per share.

.
"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 revenues grew at rates of: more than 150%; 18%; and 80% respectively, over the second quarter of 1999," said John Roth, president and chief executive officer, Nortel Networks. "We continued to experience tremendous demand for our optical solutions as customers around the world choose to deploy our solutions in backbone and metropolitan networks."

"We also made significant strides in our Wireless Internet business in the quarter with over US$1 billion in customer announcements and we were selected the principal supplier to the BT Cellnet 3rd generation wireless network. We launched our "Wings of Light" strategy that marries the optical backbone, internet protocol (IP) and high speed wireless capabilities to deliver Internet access and applications for the Wireless Internet."

Mr. Roth also credits the transformation of Nortel Networks supply chain during the past 18 months as a major factor contributing to the tremendous success in the first half of 2000. "We now have one of the industry`s most effective supply chains. It`s a key execution engine driving our success in the rapid deployment of our high-performance Internet network solutions around the globe," said Mr. Roth.

"With the momentum we have been experiencing during the first half of this year, supported by an 85 percent increase in order input and a 1.35 book to bill in the quarter, we are revising our outlook for full year 2000 performance. We expect that our percentage revenue growth in 2000 over 1999 will be in the low 40`s, up from our previous view of 30 to 35 percent, and that our percentage growth in EPS from operations in 2000 compared with 1999 will be in the high 30`s," said John Roth.

Looking forward to 2001, Frank Dunn, chief financial officer, Nortel Networks said, "We expect to continue to grow significantly faster than the market growth rate of 20 to 21 percent, with anticipated growth in revenues and EPS from operations in the 30 to 35 percent range."



Revenue Breakdown

Segment revenues for the second quarter of 2000 increased 63 percent for the Service Provider and Carrier ("SP&C") segment and increased 4 percent for the Enterprise segment over the same period in 1999.

SP&C segment revenues reflected strong growth in sales of Optical Internet solutions across all geographic regions. High speed Local Internet and core switching sales were up significantly in the United States, Europe and Latin America, more than offsetting declines in Canada. Revenues from mobility solutions were also substantially higher in the United States, Latin America and Europe, offsetting a decline in Asia.

Overall, Enterprise segment revenues were up in the second quarter of 2000 compared to the same period last year due to the consolidation of certain joint ventures beginning January 1, 2000. Strong growth in eBusiness application solutions sales in the United States and Europe were offset by a general decline in sales of enterprise voice and data networking infrastructure solutions.

Geographic revenues for the second quarter of 2000 compared to the same period in 1999 increased 58 percent in the United States, 43 percent outside the United States and Canada, and declined 1 percent in Canada.

Six-Month Results

For the first half of 2000, revenues increased 48 percent to US$14.14 billion from US$9.57 billion for the same period in 1999. Net earnings from operations applicable to common shares (b) for the first half of 2000 were US$908 million, or US$0.30 per share on a diluted basis, compared to US$513 million, or US$0.18 per share on a diluted basis, for the same period in 1999, an increase in earnings per share from operations of 67 percent. Including Acquisition Related Costs (b) and one-time gains and charges, Nortel Networks recorded a net loss of US$1.48 billion, or US$0.52 per share, for the first half of 2000.

Expenses

Selling, general and administrative ("SG&A") expenses in the second quarter of 2000 were US$1.48 billion, or 18.9 percent of revenue, compared with US$1.01 billion, or 19.1 percent of revenue, in the second quarter of 1999. The SG&A expenses in the quarter reflected investments to support Nortel Networks global growth and to simplify and streamline business processes.


Research and development ("R&D") expenses were US$1.01 billion, or 12.9 percent of revenue, in the second quarter of 2000, compared with US$728 million, or 13.8 percent of revenue, in the second quarter of 1999. The increased R&D expenses in the quarter reflected planned expenses in the SP&C and Enterprise segments focused on optical, high performance network architecture and eBusiness solutions.

Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local Internet and eBusiness. The Company had 1999 U.S. GAAP revenues of US$21.3 billion and serves carrier, service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet, promising a new era of collaboration, communications and commerce. Visit us at www.nortelnetworks.com.


Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price and product competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Nortel Networks to make acquisitions and/or integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of consolidations in the telecommunications industry, the uncertainties of the Internet; stock market volatility; the ability of Nortel Networks to recruit and retain qualified employees; and the impact of increased provision of customer financing by Nortel Networks. For additional information with respect to certain of these and other factors, see the reports filed by Nortel Networks with the United States Securities and Exchange Commission. Nortel Networks disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


(a) On May 1, 2000, Nortel Networks Corporation acquired all of the outstanding common shares of Nortel Networks Limited (formerly called Nortel Networks Corporation) by way of a Canadian court-approved plan of arrangement. Nortel Networks Limited has preferred shares outstanding which are publicly traded. Nortel Networks Limited`s financial results have been consolidated into the results reported for Nortel Networks Corporation. Holders of Nortel Networks Limited preferred shares will receive separate financial disclosure from Nortel Networks Limited in accordance with the requirements of applicable law.

(b) Net earnings from operations applicable to common shares is defined as reported net earnings applicable to common shares before "Acquisition Related Costs" (in-process research and development expense related to acquisitions, the amortization of acquired technology, and the amortization of goodwill from the acquisition of Bay Networks, Inc. ("Bay Networks") and all subsequent acquisitions) and one-time gains and charges.


* Nortel Networks, the Nortel Networks logo and the Globemark are trademarks of Nortel Networks.





Contact for Press and Analysts:



Investor Relations
Nortel Networks
888-901-7286
905-863-6049
[e-mail]

Media Relations
Jeff Ferry
Nortel Networks
703-712-8339
[e-mail]

Quelle: www.nortelnetworks.com

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[ecotrade]

Tuesday July 25, 5:08 pm Eastern Time

Nortel beats Q2 estimates, raises forecast

(UPDATE: Changes dateline from PVS Brampton to Ottawa, adds details throughout, byline. In U.S. dollars unless noted.)

By Susan Taylor

OTTAWA, July 25 (Reuters) - Nortel Networks Corp. (NYSE:NT - news)(Toronto:NT.TO - news) said on Tuesday that unabated demand for fiber-optic equipment helped lift second-quarter earnings 28.5 percent above market expectations.

Nortel, which also boosted sales and profit forecasts for 2000 and 2001, said that its second-quarter profit from operations, excluding one-time charges, rose to $561 million, or 18 cents a share, from $320 million, or 11 cents a share, in the year earlier quarter.

``We`ve feeling pretty good. Revenue`s up 48 percent -- that`s two quarters in a row now -- so we`ve got as much revenue at the half now as had a couple of years ago for a whole year,`` Nortel chief executive John Roth told Reuters.

Roth also said he is confident Nortel will record sales of ``something in excess of $10 billion`` from its fiber-optic systems in 2000, up from a previous projection of up to $10 billion. Optical sales in the quarter grew 150 percent over last year, while wireless revenue rose 18 percent and Internet

equipment gained 80 percent.

The average estimate of 29 brokers polled by First Call/Thomson Financial was a profit of 14 cents a share. The consensus of 30 brokers surveyed by IBES forecasting service was for 14 cents.

Including acquisition costs, Nortel reported a net loss of $745 million, or 26 cents a share, compared with a net loss of $258 million, or 10 cents a share, last year.

Second-quarter revenues grew 48 percent to $7.8 billion from $5.3 billion last year.

The company said it expects sales to grow in the low 40 percent range in 2000, up from a previous estimate of 30-35 percent, and earnings per share from operations to grow in the high 30 percent range.

Chief financial officer Frank Dunn also said that in 2001 Nortel will outpace the market growth rate of 20-21 percent and expects revenues and earnings per share from operations increasing in the 30-35 percent range.

The results reinforce Nortel`s announcement on Monday that it will pump $1.9 billion into more than doubling its fiber-optic manufacturing capacity over the next 18 months, Roth said.

``We`ve done a much better job of catching up with demand from a lot of our leading customers,`` said Roth. ``We`re still sold out and it looks like we`re going to continue to be sold out in this coming quarter as well.``

Roth would not comment on reports that Nortel is in talks to sell its fiber-optics parts business to Corning Inc. Reports suggest that a stock swap worth more than $100 billion would result in Nortel owning more than 50 percent of Corning, while Corning would own the optical parts unit and maintain its independence.

Explosive traffic growth on the Internet is fuelling tremendous demand for fiber-optic network systems that Nortel and rivals such as Lucent Technologies Inc. (NYSE:LU - news) and Cisco Systems Inc. (NasdaqNM:CSCO - news) produce. Those systems can handle greater volumes of voice, data and image information than traditional networks.

Fiber-optic components, critical equipment used in the those networks, includes such devices as pumps, lasers and filters that help push large volumes of data and boost capacity.

Nortel said second-quarter sales to phone carriers and service providers increased 63 percent in the quarter, while sales to large enterprises added just 4 percent.

Shares in Nortel took flight on the strong results. In after-hours trade, the stock was at 82-7/8 from a close of 82-1/2 on the New York Stock Exchange. Shares ended at C$120.75, up C$3.30, on the Toronto Stock Exchange before the results were released.

($1 equals $1.47 Canadian)

Quelle: Reuters

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[ecotrade]

Nortel Networks Beats Estimates by 3 Cents
By Jamie Paton
TheStreet.com/NYTimes.com Staff reporter
7/25/00 5:19 PM ET


Citing a strong appetite for its optical, wireless and high-speed Internet equipment, Nortel Networks (NT:NYSE - news) reported Tuesday that second-quarter profits climbed 75%, topping analysts` estimates by 3 cents.

Brampton, Ontario-based Nortel reported that operating earnings rose to $561 million, or 18 cents a diluted share, up from $320 million, or 11 cents a share in the previous year. Analysts expected earnings of 15 cents a share, according to First Call/Thomson Financial.


The company, which is in talks to sell its fiber-optics parts business to Corning (GLW:NYSE - news) in a deal that could be valued at more than $100 billion, said revenue increased 48% to $7.8 billion in the second quarter, up from $5.28 billion last year.

In a statement, John Roth, the president and chief executive of Nortel, highlighted the company`s supply chain, saying, "it`s a key execution engine driving our success in the rapid deployment of our high-performance Internet network solutions."

Including acquisition-related costs, one-time gains and charges, Nortel recorded a net loss of $745 million, or 26 cents a share, compared with a net loss of $258 million in the same period of 1999.

The results were announced right at the end of regular stock trading. Shares of Nortel closed Tuesday regular trading up 1 1/2, or 1.8%, to 83 1/2.

Quelle: TheStreet.com

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