Marconi shows optimism of its interim performance

Marconi, the biggest telecom facility manufacturer in the UK, posted letters to its shareholders, saying that the company was optimistic over the interim performance of the company. After the company released profit warnings last week, its stock price sharply slumped, while the company claimed its financial power was still stable and strong. The company anticipated that the operation profit of the company this year slumped 50% from £702 mln in the same period of last year and its turnover would also drop 15%. Moreover, a special provision of £150 mln (circa US$210.7 mln) was expected to be made.

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