ONI Systems Corp. (ONIS) Message Board

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Technology Stocks : ONI Systems Corp. (ONIS)

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To: Labrador who wrote (201)	4/16/2002 9:21:04 AM
From: Labrador	Read Replies (1) of 227

08:10 ET CIENA seen hit by Sprint capex cuts: Merrill (CIEN) 7.84: Merrill Lynch believes that Sprint's (FON) capex reduction to $2.7 bln from $3.0 bln will affect Ciena significantly; believes Sprint represented from 10-40% of Ciena revenues in FY01, with Sprint's cuts coming in Ciena's bread and butter products; sees risk to Jul qtr numbers, reiterates Reduce/Sell and sees fair value near $5. This put ONIS worth $3.55/share. Barely more than its cash position at the end of last quarter. Will my prediction finally come true?http://www.siliconinvestor.com/readmsg.aspx?msgid=17091807

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