Light Reading Revises Top 10 Optical Stocks List
Combines Technology, Company Management, and Financial Analysis to Identify
Optical Stocks That Could Lead Technology Market Recovery in Late 2001
NEW YORK, Aug. 10 /PRNewswire/ -- Light Reading
(http://www.lightreading.com), the premiere information resource for the
booming optical networking market, has revised its list of the Top Ten Optical
Stocks for 2001 -- a list of the public companies most likely to outperform
the sector in the coming months.
The report, researched by Light Reading editors, employs the team's unique
analysis of company leadership, technology strategy, and financial information
to pick some winning combinations for the New Year.
"This sector is in the currently doghouse, but there is still no doubt
that it holds long-term high-growth prospects and we expect the stocks to
rebound by the end of the year," said Scott Raynovich, Executive Editor of
Light Reading. "We took the opportunity in these market doldrums to identify
some likely winners in the recovery."
The list contains leading optical components, systems, testing, and
automation players.
Light Reading's Top Ten Optical Stocks are:
1) Corning (NYSE: GLW) -- Leading manufacturer of optical fiber is now a
"value" play trading at less than two times sales.
2) Digital Lightwave Inc. (Nasdaq: DIGL) -- Remote optical testing
equipment helps carriers save money-which is exactly what they are
trying to do in this environment.
3) Juniper Networks Inc. (Nasdaq: JNPR) -- The IP routing specialist
remains lean and mean and has IP brain power.
4) Sonus Networks (Nasdaq: SONS) -- Sonus is capitalizing on the emerging
softswitch market-and competitors are far behind.
5) EXFO (Nasdaq: EXFO) -- A quiet Canadian company that keeps churning
out profits -- and has a new strategy for automating manufacturing.
6) Ciena (Nasdaq: CIEN) -- Leading optical networking systems vendor
extends its lead-and has so far averted a quarterly disaster.
7) Riverstone Networks (Nasdaq: RSTN) -- One of the few Ethernet vendors
making serious progress with carrier customers.
8) ONI System (Nasdaq: ONIS) -- Leader in metropolitan optical networks
has employed a sensible approach to growth by adding products and
customers, rather than acquisitions.
9) Extreme Networks (Nasdaq: EXTR) -- An Ethernet player leading the
enterprise market rounds out a portfolio for the year of "Ethernet
everywhere."
10) Qwest (NYSE: Q) -- A next-generation fiber backbone player that has
augmented cash flows with RBOC customers. One of the survivors of
carrier carnage.
Light Reading's Top 10 Optical Stocks joins a growing family of Top 10
lists that have become a feature of the fast-growing web site. Other lists
include its Top 10 Movers and Shakers, which identifies the people that
exercise the most power and influence in the optical networking industry, and
Light Reading's Top 10 Private Companies, which identifies the hottest IPO
prospects among optical startups. Other Top 10 Lists are in the pipeline.
The full Top 10 Optical Stocks report can be found at
lightreading.com.
About Light Reading
Light Reading launched in February 2000. Its Web site,
lightreading.com, delivers timely and entertaining in-depth
analysis of optical networking developments for free. Profitable from its
inception, Light Reading has rapidly gained a reputation as required reading
for anybody associated with next-generation Internet technology.
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SOURCE Light Reading
-0- 08/10/2001
/CONTACT: Scott Raynovich of Light Reading, +1-212-925-0020,
rayno@lightreading.com/
/Web site: lightreading.com
(SONS EXFO CIEN)
CO: Light Reading; Corning; Digital Lightwave Inc.; Juniper Networks Inc.;
Sonus Networks; EXFO; Ciena; Riverstone Networks; ONI System;
Extreme Networks; Qwest
ST: New York
IN: PUB FIN
SU:
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