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Somera Communications Inc

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July 3, 2002 | Bloomberg News
Somera Communications Inc., a Santa Barbara-based seller of telephone gear, said sales in its second fiscal quarter will be well below analyst estimates because of a slump in demand. The news sent Somera shares down 19% to $5.40 in extended trading. The shares had closed off 64 cents at $6.65 on Nasdaq. Somera said sales will come in at $48 million to $49 million for the quarter, down as much as 20% from the year-earlier revenue of $61.3 million. Analysts on average were expecting $61.
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BUSINESS
July 3, 2002 | Bloomberg News
Somera Communications Inc., a Santa Barbara-based seller of telephone gear, said sales in its second fiscal quarter will be well below analyst estimates because of a slump in demand. The news sent Somera shares down 19% to $5.40 in extended trading. The shares had closed off 64 cents at $6.65 on Nasdaq. Somera said sales will come in at $48 million to $49 million for the quarter, down as much as 20% from the year-earlier revenue of $61.3 million. Analysts on average were expecting $61.
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BUSINESS
September 14, 1999 | Bloomberg News
Stock trades through Internet brokerages fell 2% in August from July, making it more likely that online transactions will post their first quarterly decline, Credit Suisse First Boston said Monday. Fewer online trades were made in both July and August than in the corresponding months of the second quarter, indicating "a sequential decline in trading volumes" for the third quarter, analyst Jamie Earle said. . . . The Island ECN, the second-busiest U.S.
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