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Technology Stocks : ONI Systems Corp. (ONIS)

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To: Jerome who wrote (137)11/22/2001 10:58:27 AM
From: lazarre  Read Replies (1) of 227
 
hello Jerome and all,

I sold my entire position the morning I read the d'ellorio(sp?) report indicating ONIS lost share to Cienna in the metro arena....took a loss but, imo, from here on in its the survival of the fattest and ONIS's share erosion scared the heck outta me in terms of their ability to tough it out. No doubt in my mind ONIS is now up for grabs but at what price?

saw this happen too many times to the likes of a digital island ( bought for pennies where hordes of folks bought it for big dollars, hoping for the rebound which never came ).

I think if it ever gets back to 6 or so I'll be there--can't imagine a buyout for less than 8 or so.

lazarre
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