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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (98393)	5/18/2000 5:28:00 PM
From: puborectalis	Respond to of 120523

Sycamore surpasses 3Q forecasts By Sergio G. Non ZDII Sycamore Networks (Nasdaq: SCMR) beat analyst estimates in the third quarter. Shortly before market close Thursday, the provider of optical network products reported fiscal third quarter earnings of $11.7 million, or 5 cents per share, excluding special charges. First Call's survey of 10 analysts predicted a profit of 3 cents per share for the quarter ended April 29. Including amortization related to deferred stock compensation, Sycamore earned $9.4 million, or 4 cents per share. Third quarter revenue rose to $59.2 million, up 104 percent from $29 million in the second quarter. "Sycamore's financial and operational results for the third quarter exceeded our expectations," said Dan Smith, president and CEO. Three new customers were picked up in the third quarter, Smith said, during a conference call with analysts. The company now has eight customers overall, although Williams Communications Group (NYSE: WCG) continued to generate the majority of Sycamore's business. Sycamore expects to add one to two new customers per quarter for the foreseeable future, Smith said. The company has topped analyst forecasts every quarter since going public last year. Althouh the company has grown 50 to 100 percent sequentially since going public, don't expect that in the future, especially as Sycamore's revenue base gets larger, CFO Frances Jewels told analysts. "We're not predicting we'll grow at historical growth rates," she said during the analyst call. Sycamore sees growth in line with analysts' current models, which generally predict revenue expanding between 15 and 20 percent sequentially. Competitors of Sycamore include Lucent (NYSE: LU) and Nortel Networks (NYSE: NT), according to Hoovers Online. Shares of Sycamore closed Thursday's regular trading at 92 1/4, up 5 3/4 for the session.

To: Jenna who wrote (98393)	5/19/2000 10:51:00 AM
From: Jenna	Read Replies (3) \| Respond to of 120523

Out NTAP this morning this was a 13 point trade and I'm very optimistic of how earnings plays are reacting AFTER the artificial first day. Optimism for "anticipatory upswing' and getting in a good 10-20% is very possible in a swing trade or even daytrade. That shows you that earnings plays will be up in the long haul. Although my thinking is that if the stock moves up 25% I would take my profit and STILL consider myself an "investor" because I'll be back in a few days after the 'stair step down' and reenter. I currently have NO position in NTAP but I know I will probably by today, or next week. You have to take risks because by not holding a short overnight you risk not getting an uptick on a day like today. Shorting ELON and TLGD turned out fine but I would not load up on shorts or longs. Just for a steady diet of 5 points a day long or short profit is enough. More than that is gravy. TLGD and ELON shorts doing well, Stocks are predictably down soundly even SCMR which is why I wanted to sell it yesterday. Good stocks, bad stocks, no safe stocks either. Only shorting and very selective intraday trades will get you through this.