Michael Ching
Michael Ching
Michael Ching is an American composer, conductor, and music administrator. A prolific and eclectic composer, he is best known nationally as the composer of innovative operas, including his a cappella adaptation of Shakespeare's A Midsummer Night's Dream. His other major operas include Buoso's Ghost, Corps of Discovery, Slaying the Dragon, Speed Dating Tonight!, and Alice Ryley...
informed
I wasn't even informed that it was up today.
continued declined demand dropped margins million operating percent performance quarter reflected sales shipped weak year
Chipset sales declined 26 percent to $269 million, and operating margins dropped to 24 percent from 39 percent. Qualcomm shipped only 11 million chipsets in the quarter, down from 15 million in the preceding quarter and 13.5 million a year ago. This disappointing performance partially reflected continued weak demand in Korea.
based china currently diminished due earnings estimate events growth june looks million outlook percent press pro recent revenue
In the near-term, Qualcomm's earnings outlook has been diminished due to recent events in China and Korea. For the June quarter, we are currently forecasting 16 percent pro forma revenue growth to $750 million and 26 percent pro forma EPS growth to 27 cents. Based on the company's press release, our EPS estimate looks to be too high.
biggest growth optical revenue systems
The growth in Lucent's optical systems revenue has been the biggest disappointment.
entire payment portion purchase recover sale
An acquirer could purchase the entire Lucent and recover a substantial portion of the payment through a sale of the microelectronics group.
both business cautious corporate despite expect given outlook poorest provider segments service several visibility
Given the uncertainty on both service provider and corporate IT spending, visibility is the poorest in several years. We expect Cisco to be cautious on its near-term outlook despite indications that business in some segments has improved.
believe capital continue digest expect few forecast growth industry investors next percent plans pressure recent remains spending stocks unchanged update view weeks
Our view remains unchanged from our recent update on capital expenditures. We believe that in 2001 cap-ex will be up approximately 10 percent. We continue to forecast 17-18 percent industry growth in 2001. We expect the stocks to remain under pressure over the next few weeks as investors digest capital spending plans from carriers.