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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: jopawa who wrote (11803)6/15/2001 4:36:35 PM
From: Ken Reidy  Read Replies (1) of 15615
 
Thanks jopawa,

I agree...just astounds me that JDSU would rally the way it did. They lowered revenue estimate from 700 million to 600 million and said they expect to book a 225 to 250 million inventory reserve for the fourth quarter. Then they said first quarter sales would be 450 million and they offer no guidance past the first quarter. Seems pretty ugly but yet huge buying carried JDSU from 10.81 to 12.44 at the close. I was watching JDSU and GX all day long and the contrast was amazing.
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