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   Technology StocksCelestica


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To: solderman.com who started this subject7/4/2001 4:19:58 PM
From: Marc
   of 456
 
Celestica to release Q2 financial results on July 18


Wednesday Jul 4 2001

Mr. Eugene Polistuk reports
Eugene Polistuk, chairman and chief executive officer, and Anthony Puppi,
executive vice-president and chief financial officer, Celestica, invite you to
participate in a conference call Wednesday, July 18, 2001, at 4:30 p.m. EST.
At that time they will discuss the company's second quarter financial results
which will be released at 4 p.m. EST.
To participate in the conference call, please dial 1-416-620-2419. To ensure
your participation, please call in approximately five minutes prior to the
scheduled start of the call.
Management's presentation will be followed by a question and answer period.
To register your request to ask a question, press "1" followed by "4" on a
Touch-Tone phone. The conference call co-ordinator is immediately notified of
all requests in the order in which they are made. The co-ordinator will then
introduce each questioner. If you would like to cancel your request, press "1"
followed by "3." If you require assistance at any point during the call, press "0"
or call the Global Crossing help line at 1-800-473-0602.
For those unable to participate, a taped rebroadcast will be available
approximately two hours after completion of the call until midnight,
Wednesday, July 25, 2001. To access the rebroadcast, dial 1-416-626-4100
and enter the reservation number 19145582.

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To: Elroy who wrote (439)7/9/2001 7:50:54 AM
From: IceCube
   of 456
 
I don't know why I was told about July the 4th as being the date to announce Q2 results. I meant the 18th.

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To: IceCube who wrote (441)7/20/2001 9:25:49 PM
From: Ciao
   of 456
 
Where are all the cheerleaders? Results are out and disappointing, yet the stock is managing to hold on. Once suupport at $60 is broken, look out below.

globeinvestor.com

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To: Ciao who wrote (442)7/21/2001 1:30:39 PM
From: IceCube
   of 456
 
Support is visible. There are no sales from institutional holdings to date.
It's appears to be momentum players all the way. Fundamentally speaking, there is upside potential in the near term. -Especially with talks of conglomeration.

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To: IceCube who wrote (443)7/21/2001 10:33:17 PM
From: Ciao
   of 456
 
All the brokerages seem to love this company as much as they did with NORTEL. Not to imply any similarities. Zacks has a STRONG SELL ranking and I noticed that CLS trades at higher valuations compared to its peer companies. IMHO, CLS will fall and break $60. The chart looks weak.

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To: Ciao who wrote (444)7/23/2001 9:02:03 AM
From: IceCube
   of 456
 
Let's face it, todays article in the Globe and Mail paints a pretty dull picture of Celestica. But why? -Maybe they are short on CLS or gearing for buying opportunity. Wouldn't you rather trust the opinions of a Celestica official instead.

The charts will look this way as long as E-critics have their say. I'll panic when I hear of a CEO exercising his options. Quite like Nortel's CEO did. Furthermore, management at CLS is a gifted breed. I'm banking on the target prices of $80-$90 as indicated by two leading analyst.

Remember, shorters are a plenty these days. -They're also the biggest critics.

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To: IceCube who wrote (445)7/23/2001 8:31:48 PM
From: Ciao
   of 456
 
"I'm banking on the target prices of $80-$90 as indicated by two leading analyst." Was this target price made before April 2001? If so, did the analysts remind everyone to sell?

NASDAQ down today, below 2000, CLS up. If I was to sell into strength, this would be the time.

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To: xtahce who wrote (434)7/24/2001 8:49:23 AM
From: xtahce
   of 456
 
July 24,2001 6:42AM Celestica (CLS) 44.81: Enters a manufacturing supply agreement with Celestica (CLS) by which Lucent will transition its manufacturing operations at Oklahoma City and Columbus, Ohio to Celestica over the next few months. CLS will pay Lucent between $550-$650 mln in cash, and Lucent will enter into a 5-yr supply agreement valued at up to $10 bln for CLS to be primary manufacturer for Lucent's switching, access and wireless networking systems products.

Celestica announces five-year strategic manufacturing agreement with Lucent worth up to US$10 billion
newswire.ca

Late June WSJ had reported an estimated figure of between $600 million and $900 million for these facilities:
smartmoney.com

X

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To: xtahce who wrote (447)7/24/2001 2:52:45 PM
From: Marc
   of 456
 
Celestica Upbeat On Deal Despite Lucent's Problems
Updated: Tuesday, July 24, 2001 11:54 AM ET


TORONTO (Dow Jones)--Ongoing troubles at Lucent Technologies Inc. (LU, news, msgs) appeared to dampen the enthusiasm of most of the analysts participating in a conference call Tuesday about Celestica Inc.'s (CLS, news, msgs) purchase of some Lucent facilities.

As reported, Celestica, an electronics manufacturing services company, confirmed that it will enter a manufacturing agreement with Lucent worth up to $10 billion in revenue over five years. As part of the deal, Celestica will pay between $550 million and $650 million for Lucent's plants in Oklahoma City and Columbus, Ohio.

The transaction follows reports that Flextronics International Ltd. (FLEX, news, msgs) walked away from a deal for the same plants.

The market's response was also less than jubilant. In Toronto Tuesday, Celestica is off 44 Canadian cents to C$68.88 on about 266,000 shares. Lucent, which missed analysts' third-quarter expectations by a wide margin, announced 20,000 more job cuts and declined to give guidance for the next quarter, is down 17% in New York.

But Celestica executives assured analysts that the purchase, with a "premier telecom," was positive for the company.

Eugene Polistuk, chairman and chief executive of Celestica Inc. (CLS, news, msgs), boasted that the transaction was the largest the company has announced to date, adding that it will result in the expansion of its "already proven partnership" with Lucent Technologies Inc. (LU, news, msgs).

"The size and scope of this transaction recognizes the track record and trust that has been built up between the two companies," Polistuk told analysts. He said that Celestica will also benefit from an expansion of its communications portfolio, while also comfortably meeting financial criteria for acquisitions.

The deal, to close in the third quarter, will be increase cash earnings "well within" 12 months, he said.

The company also applauded its partner's attempts to reorganize its business over the last several months. "Lucent has made considerable progress in their restructuring activities, and this EMS model will clearly play an important role for them as they progress into the future," Celestica said.

Polistuk added that this transaction is flexible, for it doesn't preclude Celestica from doing more business with Lucent - or any other original equipment manufacturer - in the future. Further, production from other OEMs can move into these locations "over time."

To give Lucent the "most competitive cost" in the marketplace, much of the manufacturing will be moved to existing Celestica locations around the world, with the "high-complexity, high-skill intensive activities" remaining at those plants.

The headcount at the facilities will be "south of half" the current number, Celestica said, adding that the majority of the difference will end up at facilities in the company's network.

While the union for Lucent's workers is "fully briefed and on board," it has yet to ratify the deal. Celestica declined to comment on when the pact would receive union ratification.

Executives, who received the congratulations of three analysts, defended both the acquisition and Lucent, saying it gives Celestica a broader base of expertise while allowing it to expand its relationship with a dominant player.

"I know there's some baggage associated with some of the restructuring (Lucent's) going through, but we've worked with them for over three years, so we have a pretty good insight of where they're going and where they've come from, and we feel this is a good add to our portfolio," Polistuk said.

-Andy Georgiades, Dow Jones Newswires; 416-306-2031

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To: Ciao who wrote (446)7/24/2001 5:48:43 PM
From: IceCube
   of 456
 
The analyst reports were just days before the Q2 reports. Furthermore, consider the earnings estimates on Q3 and the long run and you'll notice how well CLS is poised for growth. A 10 billion dollar contract from the acquisition of two key Lucent plants will generate a very high cash flow.

CLS is a victim of the short lived "earnings report" season. Even at such it remain held up pretty strong. Investors will benefit on taking advantage of buying opportunities just like CLS continues to apply.

Comments?

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