Sir Zuk ... I’ve been associated with the firm since the early 90s and have a firm nondisclosure contract. Would you suggest me to put this in jeopardy by posting confidential information here? … JD
Barron's: Apple iPhone 6s Sales in China Below Expectations, Says Boutique Researcher J.L. Warren
Combined with the China data points from Yum (fast foods) and NuSkin (cosmetics)...........
Interesting. No mention of Nokia Shanghai Bell. ASB was ALU's fastest growing division last year. Without ASB's 46% revenue growth from 2013 to 2014, ALU ex-ASB would have seen a 15+% decline in revenue. The new wireless contracts from China Telecom and China Unicom start to kick in the 4th quarter for ALU and presumably for Nokia as well considering how the Big 3 carriers are actively managed and coordinated by the Chinese government.
Making Nokia Shanghai Bell consistently profitable and free cash flow positive is the key to Nokula's restructuring.
I hear ya'. We'll know more after the banks complete their ongoing bi-annual review of the US drillers' reserves and credit lines.
We are doomed. It is like the fear of the walking dead over here. LA is infected and humans are lunch.
But the good thing, we don't have to worry about stocks or the economy anymore - always a silver lining. But other than that, the creeps are creeping.
ALU currently reports the yellow submarine unit under IP Transport. IP Transport consists of Optical (terrestrial) and Optical (submarine). TTM revenues is 2+ billion euros. When ALU borrowed 2.1 billion euros against their patent portfolio in 2012, they disclosed that the gross margin for Optical (terrestrial) was 17% and the gross margin for Optical (submarine) was 29%. Optical (terrestrial) is probably 50+% of IP Transport now because of their new line of photonic products..
Under the reorg announced today, Optical (terrestrial) will become part of Basil Elwan's IP/Optical Division and the yellow submarine unit will be operated independently. The 2012 margin numbers show that Optical (submarine) was the steady eddie type of business while Optical (terrestrial) was problematic because its gross margin (17%) was well below its optical peers: Infinera (39%) and Ciena (43%).
The French resistance is back! Some of the vets on this board were beginning to wonder where you were. Again! ;-)
Why don?t everyone trust these guys? They are awesome ? 500% from my first two trades Ultimate Stock Alerts (search them in Google)