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Technology Stocks : Advanced Switching Communications, Inc. ASCX -- Ignore unavailable to you. Want to Upgrade?

To: Tech Master who wrote (21)	4/25/2001 10:30:00 PM
From: Ed Ajootian	Respond to of 29

Advanced Switch Estimates & Target Price Cut at Morgan Stanley By Lindsey Mackay Princeton, New Jersey, April 20 (Bloomberg Data) -- Advanced Switching Comm Inc. (ASCX US) was maintained ``outperform'' by analysts Alkesh Shah and Michael Lynch at Morgan Stanley Dean Witter. The target price was cut to $8 from $15 per share. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2001 (0.05) (0.19) FY 2002 0.18 (0.11) ********************************************* Maybe I can see them reducing the FY '01 number but why trash FY '02 also? In the 1Q CC, the company gave absolutely no guidance out to FY '02 as far as I can recall. This is not making much sense to me.