Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: waikopua100 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 459  
Subject: Worst to come Date: 2/10/2008 4:16 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
Shares are at a 14 1/2 year low. Can it really get any worse? Dr Reynolds has to pull something out of his hat real quick.

Telecom bosses lamenting an "uninspiring" result for the half year to December say that New Zealand's biggest public company is "stretched" and its results will get worse before they get better.

Telecom's problems have come home to roost, combining in what chief executive Paul Reynolds called a "disappointing" result.

Reynolds is sticking to the company guidance that it will end the year on June 30 with New Zealand profits within 8 per cent of last year.

But Goldman Sachs JBWere analyst Tristan Joll said it was disappointing that the company was at the bottom end of its profit guidance.

It would need to work hard to keep the fall in profits under 8 per cent.

Analysts - who said the half year results to December 31 were slightly worse than they expected - say that the company may have already faced off some of the problems through aggressive competition.


www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10491474
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement