Nortel will lay off another 10,000 more !
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大概这是消息的来源。
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TORONTO, March 22 (Reuters) - A weakening sales outlook for telecoms equipment maker Nortel Networks Corp. could force it to cut 10,000 more jobs, a new brokerage report says, as speculation swirled on Friday that Nortel was in talks to merge its wireless business with that of Motorola Inc. (NYSE:MOT - news)
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Nortel (NYSE:NT - news) (Toronto:NT.TO - news) has already cut its workforce from a peak of 95,000 to what is expected to be 48,000 at the end of March. Anemic spending on new equipment by network carriers could force it to cut another 5,000 to 10,000 employees, RBC Capital Markets analyst John Wilson said in a report.
``Lowering the break-even level sufficiently to reach profitability again prior to the end of 2003 will, in our view, require an additional 10%-20% reduction in head count,'' Wilson said.
Shares of Brampton, Ontario-based Nortel were down 6 percent, or 36 Canadian cents, at C$7.16 in Toronto on Friday afternoon. In New York they were only slightly above their year low of $4.42, down 27 cents to $4.53.
RBC is the latest brokerage house to slash revenue targets for Nortel's first quarter, saying that sales could fall 18 percent to $2.8 billion, or even as low as $2.5 billion. It estimates that the company would break even with quarterly sales in the range of $3.6 billion to $3.7 billion.
The brokerage now sees Nortel's 2002 sales dropping to $12.3 billion, from an earlier estimate of $14.6 billion. This compares with peak sales of $30 billion in fiscal 2000.
North American telecoms carrier spending could deteriorate by as much as another 10 percent in 2003, the RBC report said, which would force Nortel to restructure its operations once again to avoid violating its debt covenants.
Nortel told investors in mid-February that its first-quarter sales targets, which called for a 10 percent drop from fourth quarter figures of $3.5 billion, will be tough to meet as customers try to optimize equipment already bought.
Slowing demand for telecoms equipment has raised speculation that Nortel and other equipment vendors, including Motorola Inc. and Lucent Technologies (NYSE:LU - news) , will be forced to merge or sell operations to stay solvent and competitive.
Analysts told Reuters on Friday that it was possible that Motorola and Nortel are discussing the combination of their wireless infrastructure units, following a BusinessWeek article that suggested the combination.
Wireless equipment vendors are finding it increasingly difficult to keep up with changing technology as revenues decline, and companies like Ericsson offer complete packages to networks including infrastructure and devices that justify the expense.
($1 equals $1.58 Canadian)
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TORONTO, March 22 (Reuters) - A weakening sales outlook for telecoms equipment maker Nortel Networks Corp. could force it to cut 10,000 more jobs, a new brokerage report says, as speculation swirled on Friday that Nortel was in talks to merge its wireless business with that of Motorola Inc. (NYSE:MOT - news)
ADVERTISEMENT
Nortel (NYSE:NT - news) (Toronto:NT.TO - news) has already cut its workforce from a peak of 95,000 to what is expected to be 48,000 at the end of March. Anemic spending on new equipment by network carriers could force it to cut another 5,000 to 10,000 employees, RBC Capital Markets analyst John Wilson said in a report.
``Lowering the break-even level sufficiently to reach profitability again prior to the end of 2003 will, in our view, require an additional 10%-20% reduction in head count,'' Wilson said.
Shares of Brampton, Ontario-based Nortel were down 6 percent, or 36 Canadian cents, at C$7.16 in Toronto on Friday afternoon. In New York they were only slightly above their year low of $4.42, down 27 cents to $4.53.
RBC is the latest brokerage house to slash revenue targets for Nortel's first quarter, saying that sales could fall 18 percent to $2.8 billion, or even as low as $2.5 billion. It estimates that the company would break even with quarterly sales in the range of $3.6 billion to $3.7 billion.
The brokerage now sees Nortel's 2002 sales dropping to $12.3 billion, from an earlier estimate of $14.6 billion. This compares with peak sales of $30 billion in fiscal 2000.
North American telecoms carrier spending could deteriorate by as much as another 10 percent in 2003, the RBC report said, which would force Nortel to restructure its operations once again to avoid violating its debt covenants.
Nortel told investors in mid-February that its first-quarter sales targets, which called for a 10 percent drop from fourth quarter figures of $3.5 billion, will be tough to meet as customers try to optimize equipment already bought.
Slowing demand for telecoms equipment has raised speculation that Nortel and other equipment vendors, including Motorola Inc. and Lucent Technologies (NYSE:LU - news) , will be forced to merge or sell operations to stay solvent and competitive.
Analysts told Reuters on Friday that it was possible that Motorola and Nortel are discussing the combination of their wireless infrastructure units, following a BusinessWeek article that suggested the combination.
Wireless equipment vendors are finding it increasingly difficult to keep up with changing technology as revenues decline, and companies like Ericsson offer complete packages to networks including infrastructure and devices that justify the expense.
($1 equals $1.58 Canadian)
同意老捶。
IT业出问题的病根儿主要在于金融界。前几年金融界普遍判断失误，对IT业期望过高，于是造成投资过热。现在是在还前几年的陈债。（也他妈倒霉，金融界得病，IT业吃药，这他妈事儿闹的）
不过，信息业不那么容易就一下子成为夕阳工业。传统工业只能影响人类生活的某一个方面，比如食品工业，汽车工业，电力工业，机械制造工业等等。而信息工业则渗透到人类生活、生产的每一个角落。卡尔・波普说过，我们所处的宇宙可以划分为三个世界：物质世界（世界1）、意识世界（世界2）、信息世界（世界3）。所以，只有信息产业才破天荒地使人类的生产、生活上升到一个更高的哲学境界，实在是前无古人，后无来者。
哲学家就是牛逼！
IT业出问题的病根儿主要在于金融界。前几年金融界普遍判断失误，对IT业期望过高，于是造成投资过热。现在是在还前几年的陈债。（也他妈倒霉，金融界得病，IT业吃药，这他妈事儿闹的）
不过，信息业不那么容易就一下子成为夕阳工业。传统工业只能影响人类生活的某一个方面，比如食品工业，汽车工业，电力工业，机械制造工业等等。而信息工业则渗透到人类生活、生产的每一个角落。卡尔・波普说过，我们所处的宇宙可以划分为三个世界：物质世界（世界1）、意识世界（世界2）、信息世界（世界3）。所以，只有信息产业才破天荒地使人类的生产、生活上升到一个更高的哲学境界，实在是前无古人，后无来者。
哲学家就是牛逼！
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