本文发表在 rolia.net 枫下论坛U.K. Equipment maker has already eliminated 4,000 other jobs since April
LONDON (AP) - British telecommunications equipment maker Marconi said Wednesday it expects to cut 4,000 more jobs from its worldwide workforce.
The new cuts are in addition to 4,000 jobs lost since April.
The London-based company said sales for the current financial year were likely to fall by 15 per cent, while operating profits could be cut in half.
It said that loss excludes Marconi's U.S.-based Marconi Medical Systems, which Dutch company Philips Electronics NV said Wednesday it will buy for $1.1 billion (U.S.) in cash.
Marconi said customers were delaying purchases as they felt the pinch from the global economic slowdown.
The company, which employs about 50,000 people in 19 countries, said the new job losses were part of a cost-cutting plan, and that 1,000 of the jobs would be cut in management.
Marconi's board had asked the London Stock Exchange to suspend its shares earlier in the day and said it needed to ''consider current trading and the outlook for the rest of the year,'' triggering expectations of the job cut announcement, which followed in the evening.
Marconi requested resumption of trading Thursday.
In April, Marconi had outlined plans to cut 3,000 jobs. On Wednesday, the company said 4,000 people had ''left or agreed to leave'' since those plans were announced.
Marconi said that after the new round of cuts, and the outsourcing of part of its business, its staff base will have been reduced by a total of 10,000.
Marconi executives remained in a board meeting for most of the day following suspension of the company's shares - $3.43 a share, well below the high in September of about $17.50. Union leaders were given the news at the London head office.
Sales have slowed in the United States, where Marconi generates about 40 per cent of its business. Weaker economic conditions have depressed demand for the its products.
Marconi, which changed its name in 1999 from The General Electric Co. PLC, has a substantial presence in the United States due to its acquisition in 1999 of Cleveland-based Reltec Corp. and Fore Systems Inc., headquartered in Pittsburgh.
In April, Marconi announced a restructuring plan that it expected to generate annual cost savings of up to $280 million by the end of 2003.更多精彩文章及讨论，请光临枫下论坛 rolia.net

本文发表在 rolia.net 枫下论坛July 5, 2001: 5:26 a.m. ET
LONDON (CNN) - ASML, the world's biggest chip equipment maker, warned on Thursday it will post a loss as customers cancel orders.

The Dutch company joins a legion of semiconductor and telecom equipment makers issuing profit warnings as a U.S. economic slowdown spreads to Asia and Europe.

Based in Veldhoven, The Netherlands, ASML said its expects to report a net loss of between 95 million ($72 million) and 105 million for the six months to June 30.

ASML expects its European operations to "at least break-even" for the first half of the year, before one-time merger and acquisition costs for Silicon Valley Group of the U.S., which it bought for $1.2 billion.

Before the acquisition, Silicon Valley 更多精彩文章及讨论，请光临枫下论坛 rolia.net

本文发表在 rolia.net 枫下论坛July 5, 2001: 3:57 a.m. ET
LONDON (CNN) - Former London tech star Baltimore Technologies said on Thursday it would cut jobs to reduce costs because of tough market conditions.

The Ireland-based Internet security company said its restructuring would cause a "significant" reduction in staffing.

Shares in Baltimore dropped 24 percent to 18 pence in London after the programme was announced. They were as high as 更多精彩文章及讨论，请光临枫下论坛 rolia.net

本文发表在 rolia.net 枫下论坛July 5, 2001: 9:01 a.m. ET
NEW YORK (CNNfn) - Telecom service provider WorldCom Inc. warned Thursday that its 2001 profit in its key business segment will be below the company's previous guidance, although said the division's second-quarter results should be in line with current forecasts.

The company said its WorldCom Group -- which includes its growth Internet, data and international business but not its core consumer long-distance service -- should see consolidated cash earnings per share for the year of $1.05 to $1.10, compared with what the company said is a consensus estimate of $1.20, and the company's earlier guidance of $1.25 to $1.35.
Those earnings projections and guidelines do not compare to the estimates of analysts surveyed by earnings tracker First Call, which has a current forecast of 91 cents a share for the year. Joe Cooper of First Call's research division said that few analysts have started giving separate estimates for WorldCom Group (WCOM: Research, Estimates) and the company's MCI (MCIT: Research, Estimates) unit, which has a its own tracking stock for the company's consumer, small business and wholesale long-distance business.

The company also said WorldCom Group's cash earnings per share excluding currency loss and other one-time items currently are expected to be between 28 and 29 cents, which it said is in line with consensus estimates.

The company also announced a restructuring of its investment in Embratel Participacoes (EMT: Research, Estimates), the Brazilian telecom also known as Embrapar, meaning the company will no longer consolidate Embrapar's operations in its results starting in the second quarter.

Embrapar, the parent company of Embratel, Brazil's nationwide communications provider, was expected to add 4 cents a share to WorldCom Group's results in the quarter.

"Embratel continues to play an important role in WorldCom Group's international growth strategy by extending our ability to offer global customers services throughout the world," said a statement from Bernard Ebbers, CEO of WorldCom. "But continuing to consolidate Embrapar's financial results, even though we only have a 19 percent economic interest, was causing undue confusion in the market."更多精彩文章及讨论，请光临枫下论坛 rolia.net