John Roth
John Roth
continued ensure growth leadership marks team time
our continued unprecedented growth marks this as the right time to ensure we have a leadership team with the depth, insight, decision-making capacity.
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.
cars changed good mileage older people plans sooner traded
People also changed their plans and timelines. They traded in older cars that didn't get good mileage sooner than they had planned.
capital deferred increased lower overall pressure pricing reduced resulting spending united
Reduced and/or deferred capital spending and increased pricing pressure are resulting in lower overall revenues, particularly in the United States,
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 excess expect faster forward given grow growth looking market networking operations overall per percent position share strong
Looking forward to 2001, we expect the overall market to grow in excess of 20 percent. Given our strong market position and industry-leading networking solutions, we expect to continue to grow significantly faster than the market, with anticipated growth in revenues and earnings per share from operations in the 30 to 35 percent range.
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,
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.
assess conditions continue customers delays economic expected impact longer market seeing spending
We are seeing longer than expected delays in spending by our U.S. customers as they continue to assess the impact of the economic and market conditions on their businesses,
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.
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If that total is greater than the standard deduction, you should be itemizing,
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,
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This tells us that something wiped out enough oxygen so that most species died out.