 |
MemeStreams Discussion |
|
| This page contains all of the posts and discussion on MemeStreams referencing the following web page: US Telecom Earnings to Suffer from Weak Demand. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet. |
| US Telecom Earnings to Suffer from Weak Demand by Jeremy at 6:32 am EDT, Jul 16, 2002 | |||
The major US telecoms will post dismal Q2 results that reflect the scant demand and falling prices that have plagued the industry for months, souring share values and forcing several companies into bankruptcy. Analyst: "There's a continued downturn in the telecom industry with no sign of recovery. [Until business spending recovers] the telecom sector is not going to recover. It's not going to be an upbeat quarter." Another: "I don't think we'll see much, if any, recovery." Sprint is expected to post a 7% drop in revenues. Sprint PCS will cut its growth target for the year. Wireless operations at Verizon, SBC, and BellSouth will also suffer. SBC and Verizon will continue to cut capex. Meanwhile, IBM and Intel are pushing them to increase capex for an 802.11 infrastructure. Are they attempting to simultaneously reduce and increase capex? | |||
| Link - Reply | |||
