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Strategies & Market Trends : Rande Is . . . HOME

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To: Rick Buskey who wrote (27684)	6/14/2000 10:46:00 AM
From: KevinThompson	Read Replies (1) of 57584

Another falling knife? More brokerage house manipulation? Visual Networks down 22pts. From briefing: 10:36 ET Visual Networks (VNWK) 33 1/2 -21 1/8: -- Update -- In its downgrade, Janney Montgomery cuts Q2 revenue estimate to $33.7 mln from $36.0 mln and EPS to $0.03 from $0.06; also cuts Q3 estimate to $0.06 from $0.08. Janney cites Avesta acquisition for the downgrade; sees reduced revenue visibility with broadened customer base, and more back-end loaded quarter which could be difficult to achieve due to Avesta integration efforts.

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