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Strategies & Market Trends : Trend Setters and Range Riders

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To: Frederick Langford who wrote (5492)	5/30/2001 10:00:31 PM
From: Susan G	Read Replies (3) of 5732

from Netbulls.com... Rumor Mill That CIBC World Markets is ready to cut earning estimates for Juniper Networks' (NASDAQ:JNPR) June quarter from 25-cents to 22-cents and their forecast for 2001 from $1.00 per share to 92-cents. The First CAl consensus estimate is for quarterly earnings of 24-cents and 96-cents for 2001. The broker is citing weak demand and the anticipation that the firm will make no new product introductions at next weeks Supercomm trade show. Network equipment manufacturer Redback (NASDAQ:RBAK) was moving today on speculation that it is a takeover candidate for Alcatel (NYSE:ALA). The stock gained 18-cents to close at $13.88. There are rumors that Goldman Sachs is expecting software giant Oracle (NASDAQ:ORCL) to warn on Friday or Monday. They added that the a disappointment may already be built into the share price and expects a downside of only 1 to 2 points if the warning comes to fruition.

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