Israel-based ECI Telecom reported that its subsidiary, ECtel Ltd., expects revenues of $14-16 million and a net loss of three-five million dollars for the first quarter of 2003. ECI currently holds a 59 percent stake in ECtel. As a result, ECI expects that its consolidated results for the first quarter, 2003, will be negatively impacted by ECtel's shortfall.
In February 2003, as part of the publication of its fourth quarter 2002 results, ECI said that it expects revenues in its core businesses—Optical Networking and Broadband Access—to decline approximately 10 percent in the first quarter of 2003 compared to the fourth quarter of 2002. This guidance remains unchanged.
ECI provides advanced, telecommunications solutions to carriers and service providers, worldwide. ECI has pioneered key technologies including voice compression, SDH, DSL, and has enabled the establishment of global networks. ECI specializes in metro optical networks, broadband access, bandwidth management and carrier-class VoIP solutions. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
