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Juniper
backs revenue view, Lucent a key partner
San Francisco:
Network gear maker Juniper Networks on Thursday repeated
its second-quarter revenue forecast and said partnerships
like one struck this week with Lucent Technologies will
be critical to winning business with tight-fisted telecom
carriers.
Randi
Feigin, Juniper's vice president for investor relations,
speaking at a JP Morgan conference in San Francisco, said
its market appeared stable.Sunnyvale, California-based
Juniper, a rival to networking industry leader Cisco Systems,
last month said it expected June-quarter revenues in a
range of $157 million to $160 million, compared with sales
of $157.2 million in the prior quarter.
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World
silver supply shortfall shrank in '02: Report
New York: Drooping demand for fabricated silver
from India helped offset a slight reduction of silver
mine production in 2002, cutting the structural deficit
in the silver market by 30 per cent last year, according
to a report released Thursday by the Silver Institute.
Despite the improvement, it was the 14th consecutive year
of shortage in conventional supply, according to the World
Silver Survey 2003, compiled for the Washington, DC-based
Silver Institute by research firm Gold Fields Mineral
Services of London. The supply from silver mines and scrap
recycling fell short of the silver purchased for industrial
uses, photography, jewellery and coins by 67.4 million
ounces in 2002. The deficit narrowed from 96.6 million
the previous year.
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Coca
Cola, AES fined for water pollution
Panama City: Environmental authorities on Thursday
levied hundreds of thousands of dollars in fines against
Coca-Cola de Panama and AES after determining that accidents
at factories the companies control outside the country's
capital polluted the waters of the nearby Bay of Panama.The
National Environmental Authority fined Coca Cola de Panama
$300,000 for spilling 400 gallons of red dye it uses to
produce fruit drinks into the Matasnillo River last week.
The river flowed into the bay, turning more than half
of it a red-pink colour.The company acknowledged responsibility
for the spill, which terrified the local population and
even prompted authorities in neighbouring Costa Rica to
call their Panamanian counterparts and demand an explanation.
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SingTel
Q4 profit jumps as Optus turns around
Singapore: Singapore Telecommunications Ltd, Southeast
Asia's largest phone company, posted a 72 per cent jump
in quarterly earnings on Thursday due to a turnaround
in Australia and strong earnings in emerging markets.Battling
competition in its mature home market, SingTel has spent
S$17 billion ($9.74 billion) in four years to buy into
the bigger Australian market and fast-growing economies
like Indonesia and India, where mobile phone use is relatively
low. Operations outside Singapore, including Optus in
Australia, generated two-thirds of group revenue and half
of pre-tax earnings, helping state-controlled SingTel
to a net profit of S$313 million for the fourth quarter
ended March 31.
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