Obwohl sie letzte Woche ihre Ergebnisprognosen noch einmal bekräftigt haben, rechnen sie jetzt doch mit starken Einbußen, speziell in den Unternehmensteilen, die an Nortel liefern. Das Gesamtergebnis soll trotzdem nicht berührt werden. Wie soll das gehen?
Sie sind aber schon ordentlich abgewertet worden; auf dem Niveau durchaus interessant. Allerdings sollte man immer im Hinterkopf behalten, dass eine Gewinnwarnung durchaus noch kommen kann! Und dann gehts halt doch noch mal in den Keller.
February 16, 2001
Corning, Hit by Nortel Warning,
Cuts Outlook for Photonics Unit
A WSJ.com News Roundup
CORNING, N.Y. -- Corning Inc. cut its growth outlook for its
photonics business Friday on the heels of an earnings warning
from key customer Nortel Networks Inc.
Nortel's warning, released late Thursday, sent its stock into a
tailspin and shudders through the fiber-optic component sector.
At 4 p.m. Friday on the Nasdaq Stock Market, shares of
Corning were down $9.01, or 21%, to $33, and rival JDS
Uniphase Inc. tumbled $9.31, or 21%, to $35.81, Nortel
dropped $9.75, or 33%, to $20 on the New York Stock
Exchange.
Corning is the world's biggest producer of optical fiber and
cable used in telecommunications networks and one of the
leading makers of optical components that enable the
transmission of massive data volume at hyper-speed.
Corning and JDS are major suppliers to Nortel, said Wachovia
Securities communications equipment analyst George Hunt. In
the last quarter, Nortel accounted for more than 10% of JDS
Uniphase's business, he added.
Weakening business at Nortel means slower orders for the
suppliers of components to Nortel, including photonics, such as
lenses, filters and other parts. Nortel puts those components
into products it sells to telecommunications carriers for their
fiber-optic networks.
Corning now expects its annual revenue-growth rate in the
photonic-technologies business to be 50%, down from the 75%
to 90% growth rate it had predicted earlier in the week.
Corning said that the slower growth means the company will
now accelerate its cost-control measures and will consider
further job cuts.
Corning, however, stood behind its previous earnings guidance
of 28 cents to 31 cents a share for the first quarter and $1.40 to
$1.43 a share for fiscal 2001, excluding amortization of
goodwill, nonrecurring items, discontinued operations and other
items.
In the year-earlier first quarter, Corning reported income before
items of $178.1 million, or 64 cents a share, on revenue of
about $1.38 billion. For fiscal 2000, the company reported
income of about $1.09 billion, or $1.23 a diluted share, on
revenue of $7.27 billion
Gruß Dampf
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