The Anglo File: Colt Likely Riding High, if Stung a Bit by Euro Slide

LONDON -- The trouble with doing business in Europe at the moment is the euro.

That's likely to be the message from the Colt Telecom (COLT Quote), which is expected to report a slight decline in revenue growth because of the currency's weakness when it announces its third-quarter results Tuesday.

Colt remains susceptible to any declines in the euro's value because around 65% of its sales come from the Continent, but it reports its figures in sterling. So with the euro mining new lows despite futile efforts by the European Central Bank to prop it up, analysts have been cutting their revenue forecasts for the quarter to around 166 million ($237 million) from around 168 million. This would represent sequential growth of 9% compared with sequential growth of 11% to 14% for the previous four quarters. ...