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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (9935)	2/9/2001 12:37:31 AM
From: pbull	Read Replies (1) \| Respond to of 13572

Thanks, Greg. PB <eom>.

To: Boplicity who wrote (9935)	2/9/2001 1:52:35 AM
From: Sig	Read Replies (1) \| Respond to of 13572

An idle thought Perhaps the popularization of TA is helping cause volatility.Stocks hit lower bands, and people buy. Hit the upper bands and people sell. Qcom may be a good example. There seems nothing we can trust about words-news, estimates, earnings, analysts or even market direction. Are left with having to bet on curves many can see, relate to, and plot from education in math and geometry. Not much use for LTBH, but would expect volatility to continue until something breaks. Sig Acers Jan PC sales fall 37% from a year ago. Ouch

To: Boplicity who wrote (9935)	2/9/2001 2:07:07 AM
From: DOUG H	Read Replies (1) \| Respond to of 13572

I know what you mean, it's sad and it didn't have to happen Take heart my friend, I believe we are just seeing an efficient reallocation of assets. These folks being layed off are not the kind of folks to just sit around and do nothing. They are being reallocated into the economy. They may have lost their jobs but they get to take their ideas and spirit of innovation with them. On the other hand, it is perhaps a good thing some of the averice has been reigned in. McMansions, weekend junkets to Paris, 20 yr olds with 3 Porsches, all on the cash invested by the general public. The CEO' VC's and Wall Street bankers tap has been turned off and that's not necessarily a bad thing. One thing we know, they'll be back.

To: Boplicity who wrote (9935)	2/9/2001 2:12:18 AM
From: DOUG H	Read Replies (1) \| Respond to of 13572

This one goes on the watch list. ONI beats earnings expectations By Sam Ames Staff Writer, CNET News.com February 8, 2001, 5:20 p.m. PT Optical equipment maker ONI Systems reported a lower-than-expected fourth-quarter loss Thursday, fueled by strong revenue growth. The San Jose, Calif.-based company reported a pro forma net loss of $11 million, or 9 cents a share, which compares with a pro forma net loss of $12.9 million, or 59 cents a share for the same quarter a year ago. Fourth-quarter revenue increased to $30.2 million from the previous quarter's $16.4 million and $1.3 million a year ago. Wall Street expected the company to lose 11 cents a share, the consensus estimate of nine analysts surveyed by First Call. Six analysts also estimated that ONI would post revenue of about $20 million for the quarter. "Generally, they had a strong quarter, and their outlook looks strong as well," said Raj Srikanth, a managing director at Deutsche Bank Alex. Brown. The company makes equipment for optical networks in mostly urban markets, which many industry observers believe will grow very rapidly. "The metro market is one of the fastest growing markets," said Srikanth. "Despite the concerns people have about the telecom sector, the metro market is really cranking." Analysts also concede that the industry might see a spending slowdown by telecommunication carriers, which could translate into less sales for equipment makers like ONI. But Credit Suisse First Boston analyst Jim Parmelee believes that even if there is a slowdown, carriers will still focus more of their spending on metropolitan networks than they have in the past. A recent study by the Dell'Oro Group released last month confirms this perception. In 2000, the metro market stood at about $383 million, and Dell'Oro predicts that it will balloon to $3.1 billion, an increase of more than 700 percent. Pro forma earnings exclude non-cash charges related to the amortization of stock compensation and goodwill. The company added that it expects revenue of $210 million to $220 million for fiscal year 2001 vs. current analysts' estimates of $179 million as surveyed by First Call. ONI also expects to report break-even earnings per share, excluding charges, in the fourth quarter of 2001. ONI says it will widen its customer base over the year to about 24 to 26 customers. That compares with the 16 customers ONI reported at the end of the recent fourth quarter. "We continue to see increasing momentum in our business," said Hugh Martin, CEO of ONI. "Demand for our products remains strong and we have seen no slow-down in our customers' projections for metro equipment deployment. Visibility into, at least, the next several quarters remains solid."