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Strategies & Market Trends : Trend Setters and Range Riders

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To: Susan G who wrote (949)	1/2/2001 10:11:48 PM
From: Connor26	of 5732

Efficient Networks (EFNT: news, msgs) shares fell 30 percent after warning investors that its second-quarter revenue will be lower than expected. Efficient Networks said it expects second-quarter revenue of $100 million to $102 million after two key customers didn't place anticipated orders during the quarter. See full story. Analysts surveyed by First Call expected revenue of $151 million with earnings of 12 cents a share, on average. According to a company statement, Efficient is still working with these customers on future requirements. Actual results will be reported on Jan. 18. Efficient Networks shares reopened from a trading halt and sank $4.31 to $8 on Island after closing down $1.94 to $12.31.

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