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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Montecristo No.2 who wrote (53171)	3/16/2000 7:26:00 AM
From: Anthony@Pacific	Respond to of 122087

sont foprget to take profits now and then.....we dont know how ...long a correction might last or .sectors that were once hot will get hot again.. Peace

To: Montecristo No.2 who wrote (53171)	3/16/2000 7:27:00 AM
From: OpusX	Respond to of 122087

Mar. 16 (The Orange County Register/KRTBN)--Traders searching the outer reaches of the investment universe for undiscovered high-tech stars turned their collective gaze on an unlikely Orange County company Wednesday, sending its stock soaring but generating more questions than answers among analysts. Shares of Meade Instruments, an Irvine company that designs telescopes for both arm-chair and academic astronomers, jumped more than 77 percent after it said it had been "engaged" by TeraBeam, a Seattle-based high-speed communications company, to make "optical components and related products for use in TeraBeam's networks." Meade provided no additional details about its new association with privately held TeraBeam in the tersely worded press release. Efforts to reach Meade's chief finanancial officer Brent Christensen, were unsuccessful. But the suggestion that Meade, whose shares traded in at the conservative end in stock market valuations before Wednesday's surge, had a connection to the fiber-optic communications market was enough for some investors, who stampeded into the stock. By the closing bell, Meade had risen $23.12, or 77.41 percent, to $53.00. Trading was furious, with more than 5 million shares changing hands -- 60 times the normal daily average of 82,000. "It's quite a movement, almost doubling the size of the company in a couple of hours," said Matt Desmond, an analyst at the Red Chip Review. "All I know is what was said briefly in the press release and with that, it's pretty tough to come up with any financial justification for any valuation related to this deal. "It's exciting that they're moving into the communications networking area, which is red hot," Desmond added. "But who knows what they're doing and how much of it they're doing and whether they can expand it to other customers?" A concerted move into the optical networking market would represent a major shift for Meade, which has focused on telescopes and binoculars since it was founded in 1972. While Meade's products require sophisticated optics, analysts were unclear how they could be adapted to the fiber-optic market and what kind of additional manufacturing capacity might be required to supply TeraBeam. But there was little caution on the Internet chat boards, where day traders and other speculators goaded each other on to buy Meade shares, comparing the Irvine company to JDS Uniphase, one of the biggest names in the fiber-optics market. "You have NO! idea about how significant this contract is to MEAD,' read one note on ragingbull.com. "Terabeam is the future and MEAD has just been legitimized as the (JDS Uniphase) of wireless. If you own this stock you have a major piece of the infrastructure of the future ..." But analysts who not only track Meade but also know how to spell its name remained skeptical. "The impact on Meade is not only unknown but pretty far off," said Brion Tanous, an analyst at First Security Van Kasper. "Frankly, I expect the stock to fall back to the $30 level in the next few days." By James B. Kelleher robert