Oclaro, Inc. (Avanex-Bookham) Message Board

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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)

OCLR 8.260

0.0%

Dec 10 4:00 PM EST

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To: Jeffry K. Smith who wrote (1499)	1/24/2001 1:13:38 AM
From: Kerry Lee	Read Replies (2) of 2293

The Conference Call was an unmitigated Disaster IMO. I bought in the 50's sold at 73 and watched in envy as AVNX climb into the 80's. Now I don't regret taking less profit. Virtually flat sequential growth from Dec qtr to March qtr ( $48 million going to $52 million ) is the kiss of death ( short term ) to a high valuation stock. The CEO sounded DEPRESSED as did the ANALysts who were grasping for straws looking for a silver lining to essentially an uncertain/cloudy outlook in terms of near term visibility. All the techno-babble near the end of the call put me to sleep.Then the CEO ended the call abruptly ( is he an ex-KGB agent or what?)...There is no question that the company has proprietary technology/patents and is in a great long term growth sector BUT Wall St has zero patience for disappointment. I might buy AVNX back if it gets oversold again.Maybe the shorts can create a dead cat bounce (?)

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