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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: The SPHINX who wrote (60706)10/17/2000 2:06:21 PM
From: The SPHINX  Read Replies (3) of 122087
 
Covered ILOG. Now LONG JNIC for the bounce! see why!
JNIC has a history of dropping with the market and then recovering nicely!
JNI Corp. (Nasdaq: JNIC chart, msgs) ($86.50)

F2000 EPS: $0.57 from $0.45

F2001 EPS: $0.90 from $0.65

Buy

Ara Mizrakjian, Communications/Networking

Paul Johnson, Communications/Networking

"JNI Corporation reported strong revenue and earnings growth for the September quarter," said Mizrakjian and Johnson. "We are raising our revenue and earnings-per-share estimates for fiscal years 2000 and 2001 to reflect the upside surprise in the quarter and our greater confidence in the company's business model. Despite our increased estimates, JNI's management intends to invest in additional sales and marketing and R&D programs. We agree with management's decision to extend its spending, as we believe the company has the opportunity to drive its current competitive position. We are reiterating our Buy recommendation on the stock."
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