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Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (830)	10/25/2000 10:02:09 PM
From: Kayaker	Read Replies (1) \| Respond to of 2293

Man, k you sure got toasted today. What's your point Victor?

To: Victor Lazlo who wrote (830)	10/25/2000 11:59:48 PM
From: k_maxwell	Respond to of 2293

Go beat off to Barron's.

To: Victor Lazlo who wrote (830)	11/14/2000 12:56:35 AM
From: r.edwards	Read Replies (1) \| Respond to of 2293

Shares Outstanding 68.4 Million DJIA 9933.36 q Avanex reported powerful numbers, easily beating our and the Street’s forecasts. Revenues of $34.8 million came in more than 40% greater than our $24.5 million forecast, and gross margins of 44.6% also edged ahead of our 44.0% projection. Avanex reported normalized EPS of $0.03, blowing away our breakeven estimate. We reiterate our 1 Buy rating and price target of $250, or 62 times our CY01 revenue forecast. q Avanex is diversifying its sales by product line and customer base, and the book-to-bill ratio remains quite strong, at nearly 2:1. We have raised our revenue estimates significantly to $192.3 million and $373.0 million in FY01 and FY02 ended in June, from our prior forecasts of $135.0 million and $260.0 million, respectively. Our normalized EPS estimates move up significantly to $0.25 and $0.76 in FY01 and FY02 from $0.11 and $0.46 — increases of 127% and 65%, respectively. Marcus Kupferschmidt 1 212 526-5499 mkupfers@lehman.com