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

To: Techplayer who wrote (939)	11/14/2000 1:03:38 AM
From: r.edwards	Read Replies (1) \| Respond to of 2293

3 While investors’ attention has recently begun to focus on some fundamental risks evolving in the communications equipment market, we believe Avanex remains extremely well-positioned to win business in the optical networking revolution and the company’s business fundamentals continue to accelerate. The healthy book-to-bill ratio signals strong demand for the company's photonic processors and we believe that these trends should continue. Avanex's main customers are high-quality names with little exposure to service providers that could have problems raising capital, which leads us to believe that the company's customers should continue to demand these enabling building blocks for next-generation networks. Avanex shares have pulled back recently more than 40% from the recent high on September 5 of $158.25 to close at $90.00 on October 18. We encourage investors to build positions in AVNX shares, as the demand for high-quality, next-generation optical networking components and systems continues to accelerate. We reiterate our 1 Buy rating and 12-month price target of $250, or 62 times our CY01 revenue projection. VALUATION AND RECOMMENDATION

To: Techplayer who wrote (939)	11/14/2000 3:12:30 PM
From: LLCoolG	Read Replies (2) \| Respond to of 2293

TP, Relax. Go back about a month and see ust how intelligent Mr. Lazlo is. He could not respond to any points I made regarding his older arguments either. He is the mental equivalent of the kids who used to get stuffed in garbage cans in high school. Revenue projections don't mean squat. If this company continues to execute, the stock price will explode accordingly, or it will get bought out for far higher than this. If they don't execute, it will fall to $1-$2B. With the management team they have, their planned facility expansions, and future market potential of optical networking, I feel pretty confident. Anything else, including any future projections, is just noise. From 12 months ago, the analysts underestimated JNPR's recent revenues by over 100%. Nobody knows... G