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To: bobby is sleepless in seattle who wrote (2829)	2/27/2001 4:38:05 PM
From: Connor26	Respond to of 5732

AVNX tumbling afterhours....news Tuesday February 27, 4:32 pm Eastern Time Avanex revises Q3, FY 2001 earnings forecasts FREMONT, Calif., Feb 27 (Reuters) - Avanex Corp. (NasdaqNM:AVNX - news), a maker of photonic processors, on Tuesday revised its earnings and revenue forecasts for its fiscal third quarter and fiscal 2001, citing lower spending on certain systems. The Fremont, Calif.-based company said it expected to post third-quarter pro forma earnings per diluted share of 2 cents to 3 cents on sales of about $41 million. The consensus estimate for the quarter among analysts polled by First Call/Thomson Financial was earnings of 6 cents per share.