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Technology Stocks : Ciena (CIEN)
CIEN 259.15+2.0%Jan 7 4:00 PM EST
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To: jghutchison who wrote (11069)5/24/2001 9:18:10 AM
From: DJBEINO   of 12623
 
biggest recession" ever in wireless and fiber optics

:46AM TriQuint Semi (TQNT) 24.81: CSFB reducing estimates after company lowered FY01 guidance by $40 mln, calling this the "biggest recession" ever in wireless and fiber optics; firm's 2001 rev. goes to $260.9 mln (from $293.4 mln) and EPS cut to $0.24 (from $0.45); 2002 rev. slashed to $283.8 mln (from $350 mln) and EPS to $0.33 (from $0.66); CSFB maintains Hold rating, as it is cautious on near term outlook for the wireless mkt.
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