Finisar - FNSR Message Board

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Technology Stocks : Finisar - FNSR

FNSR 23.77

0.0%

Sep 24 5:00 PM EST

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To: D. K. G. who wrote (223)	8/12/2002 9:22:23 PM
From: D. K. G.	Read Replies (1) of 509

3:37PM Finisar (FNSR) 1.59 +0.11: JP Morgan takes a less cautious approach to the communications equip maker and raises their 2002 revenue est (to $47.9 mln from $46.3 mln) following encouraging channel checks: indicate that transceiver sales will be higher than expected, while test and measurement sales will likely be weak again. Firm believes negative results from ELX (a 12% customer in Q1) will not have a material effect on FNSR's results as the majority of ELX's weakness was due to a product for which FNSR is not a supplier .. JP Morgan continues to recommend investors not accumularte shares due to continued uncertainty in the co's EPS growth; rates stock a Mkt Perform. biz.yahoo.com

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