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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (6540)	3/4/2000 12:30:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 12823

Saturday March 4 12:12 PM ET Analysts Bullish on Fiber-Optic Show By Susan Taylor OTTAWA (Reuters) - Stocks in firms selling fiber-optic equipment could sizzle next week, fired up by contract and product news expected from an industry trade show that opens in Baltimore on Monday, analysts said. A Who's Who of the telecommunications, data networking and wireline sectors, including JDS Uniphase Corp. (Toronto:JDU.TO - news)(NasdaqNM:JDSU - news) and Nortel Networks Corp. (Toronto:NT.TO - news)(NYSE:NT - news), are expected to attend the annual Optical Fiber Convention. ``I think it's going to be positive for all the optics companies,' said Patrick Houghton, analyst at Sutro & Co. ``It's going to be evident that there's still a lot of action left in optics -- there's still a lot of change happening there, a lot of new technologies coming on that are going to continue to drive costs down for carriers.' Chris Crespi, analyst at Banc of America Securities, wrote: 'We expect the stock price of the participating companies to swing wildly by week's end.' Many firms have already revealed, or hinted broadly at, what they will demonstrate at the show, considered a highly technical event. ``The market is so hot, they're not going to wait,' said John Wilson, analyst at Bunting, Warburg Dillon Read. ``As soon as they can, they announce.' JDS Uniphase, the world's largest supplier of components for fiber optic networks, said it will introduce more than 30 new products aimed at the telecommunications and cable TV sectors. ``In the first six months of fiscal 2000 we invested almost $40 million in new product development,' said JDS Uniphase President Jozef Straus in a statement. ``These new products are the direct result of the efforts of the over 1,000 people in our R&D activities.' Wilson said there could be news on product performance and contract wins, with deals for metropolitan fiber-optic equipment, for use in urban networks, anticipated. Nortel, one of the world's largest communications equipment firms, picked up metropolitan network fiber technology in its 1998 purchase of Newbridge Networks Corp. (Toronto:NNC.TO - news) affiliate Cambrian Systems Corp. for $300 million. ``All the major players have already presaged what they are doing,' said Paul Sagawa, analyst at Sanford Bernstein & Co. 'Certainly, we'll get a chance to look at things.' Nortel, which predicts its fiber-optic equipment sales could reach $10 billion in 2000, is widely expected to announce news, though analysts are divided on whether that will relate to products or sales. ``Nortel has hinted about a lot of things that they say they're going to bring out this year, so they could make formal announcements,' Sagawa said. ``You can't run into a guy from Nortel without them talking about this.' ($1-$1.45 Canadian) dailynews.yahoo.com bullsector.com RTS