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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: Johnny Canuck who wrote (32995)	6/22/2001 1:34:50 PM
From: Johnny Canuck	Read Replies (3) of 70281

12:59 ET QUALCOMM (QCOM) 54.09 +1.59: Salomon Smith Barney saying that SK Telecom's mobile market share in S. Korea is now below 50%, ahead of its June 30 deadline, which will permit the company to aggressively market 1XRTT services after June 30; Salomon sees this as a positive for QCOM from a royalty basis (handset sales) and an ASIC basis (QCOM currently has the only 1X chipset on the market). 12:56 ET EXFO (EXFO) 18.07 +1.22 (+7.2%): Banc of America Sec. expects company to meet firm's Q3 estimates of $0.11 EPS and $42 mln revenue, with slight upside on the top-line; thinks bookings for the qtr could see some weakness from the general economic and telecom capex slowdown; firm reducing Q4 est. to $0.07 from $0.12 and FY02 to $0.30 from $0.60; lowering price target to $28. 12:31 ET Sonus Networks (SONS) 18.65 -0.88 (-4.5%): -- Technical -- Failure to sustain morning upside momentum and now back flirting with the bottom of its seven session trading range (18.36). Lackluster action over this time period is more typical of a temporary pause and not a short term trend reversal. A breakout would target the 17/16.50 zone. Based on already oversold daily indicators, there is potential for decent bounce if the breakout scenario does develop.

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