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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (27963)	9/6/2000 12:54:37 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69962

I only follow FIBR from a distance. Most of the pressure is being applied by people exiting the stocks when the IPO did not appear. I almost bought an initial position yesterday for a dead cat bounce. There have been some questions about Sorento's hybrid approach to the optical networking segement. I only caught the tail end conference call. The last analysts pretty much wrapped up how people feel about the company. He wanted access to the Sorento CFO. He wanted a demonstration of Sorento's technology. He wanted access to the technical and financial people at Sorento. This does not sound good short term. I can't see anyone defending them given the lack of understanding of the company. The spinoff was cancelled because it would have triggered a 40 percent tax rate and then would have had to sell 1/2 of he Sorento shares alone to pay the taxes. I am not sure of teh specifics of this as companies like METHA seem to be get away with it just fine.

To: Suresh who wrote (27963)	9/7/2000 3:32:51 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69962

Suresh, I just listened to the FIBR conference call. This is a real mess. There are some pretty mad institutional shareholders. There is basically no confidence in the FIBR board or management. Without a complete change of management the resulting company's shares will probably be depressed till they prove they can perform. I would stay away till they at least hold the conference call on the financials next week. I thought the MRVC call was bad. This is pretty bad.