Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	5/7/2001 9:25:23 AM
From: allen menglin chen	of 6873

09:12 ET Extreme Networks (EXTR) 32.10: Salomon Smith Barney raises price target to $45 from $30; cites early stages of recovery in Enterprise and stabilization of prices; firm feels that its ($0.03) estimate for the qtr is too conservative. 09:11 ET Cisco Systems (CSCO) 19.64: -- Update -- Sources at Robertson Stephens saying that the firm spoke positively on Cisco; may have seen a pick-up in enterprise business since their preannouncement, which would benefit names such as EXTR, FDRY, CS, BRCD, and EMLX. 09:05 ET 3Com Corp (COMS) 6.90: Announces across-the-board reduction in workforce of approx. 3,000 people including full-time regular employees and alternative workforce. 08:56 ET VeriSign (VRSN) 57.04: Controversial short-selling firm Asensio & Company out with another note on VeriSign; under Asenio's interpretation, ICANN's new proposed agreement with VeriSign does not comply with Department of Commerce's regulations governing ICANN's authority to exercise control over the domain name system; believes the new agreement merits rejection because it is anti-competitive and unnecessary. 08:48 ET Yahoo! (YHOO) 20.13: Hearing from sources at Wit SoundView that the firm believes a continued weak ad market will limit Yahoo's revenue growth, and a sale of the company is less likely given that it would highly dilutive to an acquirer; firm says it would be a seller of the stock at these levels. 08:25 ET PMC-Sierra (PMCS) 41.25: Company told investors JP Morgan H&Q Conference (Friday) that it sees about another 5 months of tough sledding before a turn in the business is likely to occur. At that point thinks a turn is almost guaranteed, unless carrier capital expenditures fall any further. Stated that cancellations are behind company, and it is now seeing a small backlog. 07:11 ET Level 3 Comms (LVLT) 16.71: Kmart's BlueLight.com expands agreement to use multiple Level 3 services, including plans to extend its use of LVLT Connect Modem from 24 to 47 markets in the U.S.

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