This is a typical scenario for. most companies in the telecommunication
business today. A local manufacturer in my home town that serves the Telco
market had their stock drop from a high of $42 about 24 months ago to
todays price of 75 cents and all because of the FCC ruling on the "open"
use of other companies physical plant.
Norm N8NH
At 09:56 AM 11/11/02 -0700, you wrote:
>At 10:19 AM 11/11/2002 -0500, you wrote:
>>I came across a very interesting news article about the financial
>>problems with the Rohn Corporation. You can view the article at:
>>http://www.pjstar.com/news/topnews/g132894a.html
>
>This link does not work. Try
>http://www.Google.com/search?hl=en&lr=&ie=UTF-8&prev=/search%3Fq%3DRohn%26h
>l%3Den%26lr%3D%26ie%3DUTF-8%26sa%3DG&q=stocks:ROHN+
>
>There is an analysis containing the following:
>
>>Net sales for the third quarter were $25.8 million, a 52% decrease
>>compared to $53.4 million for the same quarter a year ago. The Company's
>>net earnings for the third quarter of 2002 were a loss of $4.0 million,
>>or $(0.10) per basic and diluted share, compared to net income of $1.1
>>million, or $0.03 basic and diluted share for the third quarter of 2001.
>>
>>The Company's gross margin continued to erode in the third quarter as a
>>result of price discounts issued in response to pricing pressures in the
>>marketplace, increases in the cost of raw materials, unabsorbed overhead
>>in the plants caused by the continued reductions in sales volumes and
>>additional charges for the internal flange pole testing and repair process.
>>
>>In addition, the Company is experiencing significant liquidity and cash
>>flow issues which have made it difficult for the Company to meet its
>>obligations to its trade creditors in a timely fashion. The Company
>>expects to continue to experience difficulty in meeting its future
>>financial obligations.
>
>
>
>
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