SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Celestica
CLS 11.07+2.5%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ciao who wrote (416)5/15/2001 9:21:39 PM
From: xtahce  Read Replies (1) of 456
 
Ciao: "The fact that CLS decided not to give guidance for the 2nd quarter is reason to believe that things will not be as good as the share price is leading us to believe. When CLS competitor's are crying the blues and CLS decides not to give guidance, that should be a red flag."

Who's trying to lead who to believe what Ciao? You seem to be leading us to believe that you've shorted Celestica and although there's absolutely nothing wrong with this form of trading, you shouldn't go around spinning false stories.

CLS gave guidance for Q2 during their Q1 earnings report and reiterated today:
(May 15, 2001) 11:55AM Celestica (CLS) 50.94 +0.60 (+1.2%): Contract manufacturer reiterating guidance at CIBC Electronics for Building Info Infrastructure Conference; maintains Q2 earnings view of $0.40-$0.42 (consensus $0.40) and revenue forecast of $2.6-$2.8 bln.(Briefing.com)
finance.yahoo.com

Previous to the above reiteration:

April 19, 2001

...Earlier this year, it said new business would help operating earnings per share for this year jump at least 44% to $2.05 or more. It predicted then that 2001 revenue would reach between $12.5 billion and $13 billion from $9.8 billion last year.

Those forecasts could still be achievable, but the company felt it "prudent" to withdraw its outlook because of uncertainty surrounding its customers' sales, officials said.

Celestica Wednesday forecast second-quarter revenue of $2.6 billion to $2.8 billion and operating earnings per share of 40 cents to 42 cents....
public.wsj.com

Celestica results lift stock, other techs

Wednesday April 18, 4:48 pm Eastern Time
Figures in U.S. dollars unless noted

TORONTO, April 18 (Reuters)...Celestica, which said a diversified product mix helped it beat estimates, also gave a strong second-quarter forecast, but withdrew its 2001 estimates amid customer uncertainty.

...The company said that order cancellations plaguing its customers appeared to be stabilizing and its outlook remained cautious for the rest of 2001. Celestica maintained its 2003 target of $20 billion in revenues and operating margins above 5 percent.

That contrasts with rivals' warnings last month, when Solectron Corp. (NYSE:SLR - news) said it would miss its full-year sales target and Jabil Circuit Inc. (NYSE:JBL - news) cut its outlook for the next two quarters...

...The company said it expects revenues of $2.6 billion to $2.8 billion in the second quarter with earnings ranging between 40 cents and 42 cents per share. Analysts polled by First Call expected earnings of 39 cents per share...
biz.yahoo.com

X
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext