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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.17

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To: Return to Sender who wrote (34047)	9/5/2001 1:42:24 PM
From: Johnny Canuck	Read Replies (1) of 69686

Hi RTS, In keeping with mattie's small is beautiful theme and if one has a high risk tolerance I would look at LNOP. It has 25 mil in cash, no debt, and 6.54 mil shares outstanding (about $3.89 cash per share without considering this Q'sd burn rate) . It has discontinued all its old networking equipment business and is now a fabless gigE processor company. It competes against MRVL. It has a win with LU. First products are expected to ship in Dec time frame. IBM has an equity position in the company. The downside is the company is based in Israel so there is a cultural aspect of management that needs to be accounted for. In the past I have found Israeli managed companies more voltatile than other companies. They typically are not good at managing the expectation of the street nor good at getting their story out. TLAB might be worth a look too since this Q is the seasonally weakest. Most of European sales are to support the voice switching aspect of wireless infrastructure and wireless is still the one area of growth though ERICY comment today has put that in doubt. Management is conservative and Tital 6500 seems to be gaining traction. I need to research this one more though. "Tellabs (TLAB) 11.19 -1.58: -- Before Open -- Salomon Smith Barney downgrades to NEUTRAL from OUTPERFORM and lowers price target to $13 from $19; thinks the outlook is eroding further for Tellabs as the incumbents continue to retrench capital expenditures and as pressure builds on pricing and margins; firm continues to see little evidence to suggest Tellabs has made meaningful progress with the Titan 6500 or the Titan 6100; believes the glut of cross connects continues to hamper sales; TLAB has had a slow summer, and from what firm can tell, they appear to need a strong September to make the Q, and firm does not think they will get it (update to 7:34 In Play comment)." Did you stop out of JBL and has your views changed? It has been a while since I have tracked that sector closely.

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