Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: NDBFREE who wrote (29871)	2/23/2001 10:50:35 AM
From: Greg h2o	Respond to of 42804

a little more sunshine from a friendly anaylyst: JDS Uniphase's (JDSU:Nasdaq - news) price target and earnings estimates were cut this morning by Morgan Stanley Dean Witter, which said it expected declining revenue for the optical fiber company. Morgan Stanley cut its price target to $50 from $95 and lowered its earnings estimate for the fiscal third quarter to 16 cents a share from 17 cents. The current 18-broker consensus is 17 cents for the quarter. "For the next quarter, we expect a 9% sequential decline in revenue to $925 million, compared to our prior estimate of sequentially flat revenue," the note said. And, of course, seeing as how nobody knows what's going on in the next few quarters, it's all about visibility, as in, there is none: "A broad recovery in visibility looks unlikely," Morgan Stanley noted.