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To: Rande Is who wrote (48551)	3/7/2001 1:28:58 PM
From: baddtiming	Read Replies (1) of 57584

Analyst jumping on board corvis today...positioning themselves to manipulate stock later, RESEARCH ALERT - Merrill starts Corvis, Sycamore (Reuters, 03/7/2001 09:44) CHICAGO, March 7 (Reuters) - Merrill Lynch said Wednesday it started coverage of optical technology firms Corvis Corp. (NASDAQ:CORV) and Sycamore Networks Inc. (NASDAQ:SCMR). Merrill Lynch analyst Michael Ching said in a research note that he started Sycamore with an intermediate term neutral and long-term buy rating. He started Corvis with an intermediate term neutral and long-term accumulate rating. Ching said he expects Sycamore to post fiscal 2001 sales of $591 million and earnings per share of 22 cents. He expects 2002 sales of $900 million and earnings per share of 30 cents. Ching said he estimates a loss of 24 cents a share and sales of $320 million in 2001 for Corvis. He expects Corvis to earn 3 cents a share in 2002. Merrill Lynch also reinstated coverage of Ciena Corp. (NASDAQ:CIEN) with an intermediate term accumulate and long-term buy rating. Shares of Sycamore rose 3/8 at $16-1/4 on Nasdaq in early morning trade. Corvis shares rose 1/4 at $8-3/8 and Ciena shares rose 3 percent, or $1-13/16, at $76-9/16 . chicago.equities.newsroom@reuters.com)) Copyright 2001, Reuters News Service Companies or Securities discussed in this article: Symbol Name NASDAQ:CORV Corvis Corporation (NM) NASDAQ:SCMR Sycamore Networks, Inc. (NM) NASDAQ:CIEN CIENA Corporation (NM) -------------------------------------------------------------------------------- Copyright © 2000 Lycos, Inc. All Rights Reserved. Lycos® is a registered trademark of Carnegie Mellon University.

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