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Pastimes : Home on the range where the buffalo roam

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To: pbull who wrote (8018)6/30/2002 8:32:13 AM
From: im a survivor  Read Replies (1) of 13815
 
<<Parnassus’s telecommunications plays, like the rest of the fund, represent a mix of small, mid-sized, and larger companies. His largest holding, Ciena, maintains a 60 percent share of the optical switching market. The stock, priced in the high sixties a year ago, has collapsed to about $9 a share. Dodson figures the stock will rise to $16 within the next twelve to eighteen months. The fund’s second largest holding, Redback, is a small telecommunications equipment maker whose stock has fallen to less than $3 a share, down from over $25 a share a year ago. Dodson calculates its intrinsic value at around $15 a share.
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