| To: QuietWon who wrote (39) | 2/9/1999 12:20:00 AM | | From: Marc | | | |
In Canada, you will have better cable modem performance ??
I know that since Videotron lowered their rate to 29$ a month, the service is getting slower and slower , but never as slower as a DUN connection.
Marc |
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| To: QuietWon who wrote (43) | 2/9/1999 10:37:00 PM | | From: tom ablett | | | |
Earnings for CLS at Clearstation.com show +20% surprise.
clearstation.com
biz.yahoo.com
Tuesday February 9, 9:15 pm Eastern Time
Celestica jumps on contract news, profits
TORONTO, Feb 9 (Reuters) - Shares in Celestica Inc. (NYSE:CLS - news), the former electronics manufacturing arm of IBM (NYSE:IBM - news)
Canada Inc., rose after it reported favorable contract results and a strong fourth quarter.
Celestica shares rallied to a daily high of C$44.30 before retreating. The stock closed up C$0.55 at C$43.
One analyst, who asked not to be identified, said company management spoke of many contract wins in their conference call with analysts after releasing fourth quarter profits late
Monday.
''On the conference call they discussed that they have won eight contracts with telecom equipment companies,'' he said.
''Up to three of them could be 10 percent customers, sometime in the future,'' he added. That means a few of those client deals could grow to 10 percent of Celestica's income within the
next few years, analysts said.
''So my sense is why the stock's up is that they've been very successful in getting new contracts in that area,'' he added.
Celestica, which is one of the world's largest providers of electronic manufacturing services, posted record revenues in its last three-month period ended December 31.
Fourth quarter revenue increased to $925.3 million from $683.2 million in 1997. Adjusted net earnings rose to $18.7 million or $0.27 a share versus year-ago $12.3 million or $0.32.
Eugene Polistuk, the company's president and chief executive, said that the firm was not ruling out more acquisitions at a time when many firms seem to be shopping. ''We're always
looking - the level of activity is at an all-time high.''
($1=$1.49 Canadian) |
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| To: QuietWon who wrote (45) | 10/20/1999 12:04:00 PM | | From: Ted Downs | | | |
Wednesday October 20, 11:26 am Eastern Time
RESEARCH ALERT_- CFSB raises
Celestica
NEW YORK, Oct 20 (Reuters) - Credit Suisse First Boston
raised its rating on Celestica Inc. to a strong buy from a buy, and
its price target to $64 a share from its previous target of $60 a share.
-- Raised 2000 earnings estimate to $1.80 a share from $1.70, driven by higher than expected
growth in the communications market and potential for original equipment manufacturing asset
acquisitions.
-- Shares trading at 51-3/4, up 3-3/16 on the day in early Nasdaq trading. |
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| To: Ted Downs who wrote (46) | 10/20/1999 2:55:00 PM | | From: Thomas Kelly | | | |
Can't believe there's only one post on this thread since April. This company just blew away earnings estimates and has been upgraded by at least 3 major analysts. I grabbed some Dec 50 calls and thought I would check the SI thread. Is there another thread somewhere?
Tom |
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| To: Thomas Kelly who wrote (47) | 10/20/1999 4:59:00 PM | | From: Ted Downs | | | |
Tom,
I believe some of the lack of interest here maybe due to it being a Canadian Co. I have several companies from Canada that have trouble getting the US investor interested . The other aspect may also relate to it being relatively new.
Regardless, those upgrades are very bullish.
Ted |
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