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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/11/2001 9:09:39 AM
From: Softechie	Read Replies (1) of 37746

Brokers cutting telecom networking stocks. You know it's darn close to bottom for some of them now. As always nice move by brokers...heheheheh SoundView Cuts Telecom : Hearing from sources at SoundView Technology that the firm is downgrading several telecom equipment names this morning: JDSU to HOLD from Strong Buy, sees downside risk to $4-5.50 and cuts FY02 estimate to a loss of $0.04 from a profit of $0.06; NT to HOLD from Buy, sees downside to $4, FY02 goes to a loss of $0.44 from a profit of $0.02; OCPI to HOLD from Buy. Salomon Cuts Telecom : Salomon Smith Barney downgrades the following telecom equipment companies (price target changes in parentheses): to OUTPERFORM from Buy: PMCS (50 to 32); to NEUTRAL from Buy: VTSS (28.50 to 10) and JDSU (15 to 6); to NEUTRAL from OUTPERFORM: CIEN (25 to 16), JNPR (35 to 15), GLW (17 to 10). Firm reiterates BUY on AMCC, but cuts target from $30 to $20.

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