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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: baddtiming who wrote (36336)	9/26/2000 10:34:33 AM
From: Rande Is	Read Replies (3) \| Respond to of 57584

Badtiming, FIBR is a mystery to me. . . On the one hand. . . For the three months ended 4/30/00, revenues fell 47% to $10 million. Net loss applicable to Common, from continuing operations totaled $13.2 million, up from $1.4 million. Revenues reflect the spin-off of NETsilicon business unit. Loss reflects higher R and D and general and administrative expenses and a $2.1 million charge for facilities closure. They rarely seem to get major volume interest. On the other hand, they hold $228 million in cash. . .or $15.43 per share. . . which is impressive. I don't think the world is ready for their GigaMux product, since we are having such difficulty just rolling out Plain-Old Fibre-Optics. Also, it seems the company is hedging their bets across the board, with their many divisions. . .as opposed to focusing on doing one thing better than anyone else. So when it comes time to trade the optical stocks, I tend to pass on FIBR. Though I would love to hear some arguments why this company could or could not be the next Ciena. Rande Is