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Technology Stocks : ONI Systems Corp. (ONIS)
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To: Glenn Petersen who started this subject2/21/2002 12:00:02 PM
From: Labrador   of 227
 
It may be time to bail [and, of course, buy back at a lower price]

Regarding the company's outlook, Smith said, "There continues to be a high level of uncertainty surrounding service providers' near-term spending. In our ongoing conversations with our customers we continue to receive indications of further deployment delays. We recently received information that leads us to believe that two of our historically most important customers may purchase significantly less from us than they had previously indicated. As a result, we now expect that our fiscal second quarter revenue is likely to be in the neighborhood of $100 million."
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