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B R E A K F A S T W I T H T H E F O O L Wednesday, October 25, 2000 benjamin.rogers@enron.com _________________________________________________________________ REGISTER TO BECOME A FOOL -- GET FREE STUFF! http://www.fool.com/m.asp?i=167604 _________________________________________________________________ Sponsored By: MUTUALS.com Get a FREE portfolio analysis and recommendation. Plus, buy or consolidate over 10,600 mutual funds, only at MUTUALS.com. Get your free portfolio checkup now. http://www.lnksrv.com/m.asp?i=167605 "It's kind of fun to do the impossible."-- Walt Disney NORTEL'S THIRD QUARTER Nortel Networks reports its Q3 results, with revenues and earnings both growing. By LouAnn Lofton Nortel Networks (NYSE: NT) announced third-quarter results yesterday after the market's closing bell. The company met earnings expectations, but perceived top-line growth weakness sent shares of the Canadian telecommunications company plummeting as much as 20% in after-hours trading. Nortel's income from operations, which excludes certain acquisition costs, was $574 million, or $0.18 a share. In last year's third quarter, the company's operating income was $314 million, and earnings per share (EPS) was $0.11. Analysts as polled by First Call/Thompson Financial were looking for $0.17 a share. Revenues for Nortel increased 42% over last year's $5.15 billion to $7.31 billion. Many analysts, though, were looking for Nortel's revenues to come in between $7.5 and $7.63 billion. It was this "shortfall" that sent Nortel's shares down in after-hours trading. Nortel saw its strongest growth from its optical networking business, where revenues grew by 90% compared to last year. Its wireless Internet solutions business also did very well, with revenues up 50% in this quarter versus the year-ago quarter. The company reiterated that it sees its revenue growth for 2000 in the low-40% range. It raised its target for EPS from operations growth to the same range as revenue growth, up from the previously expected high-30% level. John Roth, Nortel's president and chief executive officer, said, "We are extremely pleased with the strong growth in the quarter, which reflected our continued strength and leadership in the key growth areas of Optical Internet, Wireless Internet, Local Internet and eBusiness Solutions. Carriers and service providers around the world continued the drive to provide a broad range of wireless, internet and eBusiness services to their customers." _________________________________________________________________ AFTER-HOURS COVERAGE AMAZON'S SOLID THIRD QUARTER By LouAnn Lofton E-commerce company Amazon.com reported its third-quarter results today after the bell. Its pro forma net loss widened, but the company's revenues and loss per share came in ahead of expectations. Other positives included a growing gross margin, key expenses shrinking, and an expanding customer base. The company also used less cash in its operations for the quarter than it did last year. This hurdle behind it, all eyes now turn to the all-important holiday shopping season. FULL STORY<< http://www.fool.com/m.asp?i=167606 SIEBEL KEEPS ROCKIN' By Mike Trigg CRM juggernaut Siebel Systems announced great earnings tonight. The results were a reflection of the company's dominance in the fast-paced software space. Again, it showed excellent traction in the middle-market and abroad, which will be major growth drivers down the road. FULL STORY<< http://www.fool.com/m.asp?i=167607 EXCITE@HOME'S THIRD QUARTER By Nico Detourn The company added a record number of subscribers during the quarter, which added plausibility to its ambitious year-end sub target. But finding a new CEO, and its relationship with AT&T, may have more influence on near-term perception of the company than will the details its operational performance. FULL STORY<< http://www.fool.com/m.asp?i=167608 _________________________________________________________________ NEWS TO GO Compaq Computer (NYSE: CPQ) reported third-quarter results yesterday after the market's close. The computer maker said that net income for the quarter, including an investment gain, was $550 million, or $0.31 a share. Minus the gain, Compaq earned $0.30 a share, which was ahead of analysts' expectations by a penny. Sales grew 22% to $11.2 billion. Michael Capellas, Compaq's chief executive officer, said, "Our revenue was the highest in Compaq's history." In a conference call, Compaq CFO Jesse Greene said that the weak euro will negatively impact Compaq's fourth-quarter results by up to $100 million in pre-tax profits. Compaq now expects earnings per share in the fourth quarter to be about $0.37, below the current estimate of $0.41. Chip maker LSI Logic (NYSE: LSI) announced third-quarter earnings yesterday. Net income, excluding special items, more than doubled to $114 million, from $55 million last year. On a per-share basis, LSI Logic earned $0.33, compared to $0.17 in the year-ago period. The consensus estimate according to First Call/Thompson Financial for LSI Logic's third period was $0.32. Revenues at the company increased 35% to $728 million. Wilfred Corrigan, LSI's chief executive officer, said the company is comfortable with fourth-quarter estimates of $0.36 a share. Long-distance telephone company AT&T (NYSE: T) reported third-quarter results this morning. Earnings, excluding onetime items, fell 12% to $1.44 billion, or $0.38 a share, from $1.63 billion, or $0.50 a share, last year. Analysts were expecting $0.36 a share. AT&T's sales rose 4% to $16.98 billion. Strong wireless and data sales were overshadowed by AT&T's declining sales of its long-distance services to residential customers. Sales to consumers fell 11%, while corporate sales increased 2.5%. AT&T also announced that, as rumored, it will break up into four smaller companies. The restructuring is expected to be done in 2002. Entertainment and media company Viacom (NYSE: VIA) announced third-quarter earnings this morning. Viacom's net income was $33 million, down from last year's $97 million. On a per-share basis, Viacom earned $0.02, compared to $0.14 in the year-ago period. Analysts had expected Viacom to lose $0.02 a share. Sales at the company grew 79% to $6 billion from $3.3 billion last year. Higher taxes and costs associated with the company's purchase of CBS affected results, though Viacom did see strong advertising revenue growth. Check out yesterday's Foolish market wrap-up in just one click. http://www.fool.com/m.asp?i=167609 _________________________________________________________________ EDITORS' PICK Will antennae be the next accessory craze? The Fool's Todd Lebor looks at the booming hands-free communication industry and its impact on headset makers. http://www.fool.com/m.asp?i=167610 _______________________________________________________________ -News & Commentary http://www.fool.com/m.asp?i=167611 -Fool Community http://www.fool.com/m.asp?i=167612 -Post of the Day http://www.fool.com/m.asp?i=167613 -Latest Fribble http://www.fool.com/m.asp?i=167614 -Latest Market Numbers http://www.fool.com/m.asp?i=167615 ____________________________________________________________ My Portfolio: http://www.fool.com/m.asp?i=167616 My Discussion Boards: http://www.fool.com/m.asp?i=167617 My Fool: http://www.fool.com/m.asp?i=167618 Fool.com Home: http://www.fool.com/m.asp?i=167619 My E-Mail Settings: http://www.fool.com/m.asp?i=167620 Sponsored By: MUTUALS.com Get a FREE portfolio analysis and recommendation. Plus, buy or consolidate over 10,600 mutual funds, only at MUTUALS.com. Get your free portfolio checkup now. http://www.lnksrv.com/m.asp?i=167621 LAST WEEK TO ENROLL! Planning your retirement doesn't get any easier. Don't miss our Roadmap to Retirement online seminar. http://www.fool.com/m.asp?i=167622 TRY THE ALL-CASH DIET Get your spending under control with this report from Soapbox.com. http://www.lnksrv.com/m.asp?i=167623 FOOL DIRECT E-MAIL SERVICES Need to change your address or unsubscribe? You can also temporarily suspend mail delivery. Click here: http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers @enron.com< Have ideas about how we can improve the Fool Direct or new e-mail products you'd like to see? Try our discussion board: http://www.fool.com/m.asp?i=167624 ____________________________________________________ © Copyright 2000, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. . MsgId: msg-24970-B10258509Address.msg-09:11:03(10-25-2000) X-Version: mailer-sender-master,v 1.84 X-Version: mailer-sender-daemon,v 1.84 Message-Recipient: benjamin.rogers@enron.com
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