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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (7592)6/15/2001 9:59:26 PM
From: Mark Fowler  Read Replies (3) of 57684
 
Bill lay low guy, nothing we can do about it right now. I see further damage in our markets.
Industrial Production fell 0.8% in
May, much weaker than the -0.3% consensus estimate;
capacity use was also much lower than expected as a result,
at 77.4% vs expectations of 78.0%. These figures indicate
that the manufacturing sector recession continues and is
perhaps even deepening.

CIENA Corp (CIEN) 40.90 -3.77: -- Update --
Merrill Lynch cuts FY02 EPS estimate on CIEN to $1.00 from
$1.18, and on Tellabs (TLAB 23.85 -1.86) to $1.55 from $1.79.
Also takes down estimate of growth in terrestrial optical
networking industry from 15% and 29% for 2001/2002 to 0%
and 5% on heels of JDSU/NT warnings.
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