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Technology Stocks : ONI Systems Corp. (ONIS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (54)	10/31/2000 11:58:38 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 227

ONIS beats third quarter expectations: aolpf.marketwatch.com By Michael Baron CBS MarketWatch Tuesday, October 31, 2000 4:36:00 PM ONI Systems reports Shares of ONI Systems (onis: news, chart) could get a lift Wednesday morning due to the company’s positive third-quarter surprise. The company posted a net loss of $16.2 million, or 14 cents a share, a nickel better than analysts expected. Sales totaled $16.4 million, 73 percent better than analysts expected. The company cited strong demand for its products. Going forward, the company said it expects sequential revenue of growth of 25 percent in the fourth quarter and 35 percent in the first and second quarters of fiscal 2001. In addition, the company expects to break even in its fourth quarter of fiscal 2001, while analysts currently expect a loss of 3 cents a share.