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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1281)	2/27/2001 3:07:57 PM
From: Ahda	Respond to of 24758

It gets a bit complicated as housing is a by product of income. Yet housing is also a social element. I moved where i lived due to the fact the land was conducive to bicycles i liked to ride with my kids. My friend moved to Bel Air no land no streets to ride on where she went her needs were different than mine. i could not of got what i wanted in Bel air cost wise. The variables in housing are huge. All considered it you look at Ca bubble and put it in the perspective of the seventh largest world economy the figures in Ca are going to affect the whole nation much greater than those in North Dakota. Due to this i feel strongly that what happens here sifts to rest of Nation at some point

To: ahhaha who wrote (1281)	2/27/2001 3:52:21 PM
From: GraceZ	Read Replies (2) \| Respond to of 24758

The figures I cited come from the country as a whole and they aren't my figures I know you took your figures from the stats, I'm saying the the stats are skewed. You missed my analogy. If people tend to only want to buy what they think is rising in price (the same is true for the stock market as the real estate) then only those houses whose price is rising will be included in the statistics you cite. The same way the averages masked the over all weakness in the market because the buying and appreciation became concentrated in an ever smaller number of large issues. Am I wrong to assume that the statistics are only taken from homes that have sold or are on the market or do they include the price of all homes regardless? If so, how does a home that hasn't been on the market or sold in twenty years get priced? So house inflation isn't good? Even though they give up on selling, they don't lower their price. They gave up on selling after lowering their price several times to the point where they would have to pay off part of the remaining loan with their savings and after having the house on the market for an extended period of time with no offers. This is the squeal point for sellers and most would prefer to stay put then pay to give away their house. This is why I said that if there is no inflation in housing it can cause a world of pain. I have one friend who had his house on the market for five years before he sold it just recently. He couldn't sell it at a price high enough to cover the loan balance and transaction costs. Housing is like everything else, nobody wants a house unless someone else does. Locations that are desirable tend to become more desirable until they top out, locations that are less desirable tend to stay cheap or get cheaper until they bottom out. If you happen to be a bagholder in a cheap location it becomes harder and harder for you to make a transition to the desirable nieghborhood. More expensive houses build up equity faster and tend to appreciate at a higher rate.....unless you happen to be the one who bought at the top. Baltimore is making a fool of you. A whole generation of bagholders are just now getting out from under it. One down and two to go for me. 40k in excess of what? Demand for houses. He said it, I didn't. I just thought it was a funny way to make your city seem like a desirable place to live. The 40k of houses are so dilapidated that no one wants to buy them at any cost. It was all location, the exact same house in DC or San Francisco would have had plenty of buyers at much higher prices. They were just old and in surprisingly good shape when the wrecking ball showed up. Meanwhile the public housing that was being built new across town will not last a decade. Their maintenance is so high that a prospective buyer might as well try to buy something better. How much are tear downs going for in the valley? I'm routinely shocked at the lack of quality in housing stock in California and the prices they get for them. It's appalling the same way the apartments in NYC are appalling but for different reasons. I have friends who made a bundle buying shells during the last urban renaisance here. One of the highest rent areas here in the city is a ten square block area near the water front that 25 years ago was completely empty and surrounded by a ten foot chain link fence. The houses were sold to individuals for $1 with the stipulation that they live in them for 5 years and use their own money to rehabilitate them. It was probably one of the most successful urban renewal projects I've ever witnessed and it was all done with private investment. What made it successful was that the area could be effectively isolated from the surrounding areas of blight and subsequently completely renovated all at once. No government proposes projects like that anymore because they are politically incorrect. People who bought those $1 houses got rich! Even when they occur naturally there is a lot of whining about the resident poor population being displaced.

To: ahhaha who wrote (1281)	2/27/2001 4:20:16 PM
From: Kerry Lee	Read Replies (1) \| Respond to of 24758

Stock hyped by ahhaha halted: Avanex Updates Outlook for Financial Results; Conference Call Today at 4:30 pm EDT Updated: Tuesday, February 27, 2001 04:05 PM ET Email this article to a friend! Printer-friendly version FREMONT, Calif., Feb. 27 /PRNewswire/ -- Avanex Corporation (Nasdaq: AVNX, news, msgs), pioneer of photonic processors that accelerate the deployment of the next-generation optical networks, today announced revised outlook for the third fiscal quarter ending March 30, 2001, for fiscal year 2001 and for calendar year 2001. The Company announced that it expects sales in the third quarter of fiscal year 2001 to be approximately $41 million (compared to $10.5 million in the third fiscal quarter of 2000) and pro forma diluted earnings per share to be $0.02 to $0.03 (compared to a loss of $0.04 in the third fiscal quarter of 2000). Avanex expects gross margins in the quarter to be approximately 46.5% as a result of the revision in revenue estimates. For fiscal year 2001, Avanex now expects revenues of approximately $169 million (compared to $41 million in fiscal year 2000) and pro forma diluted earnings per share to be $0.15-$0.16 (compared to a loss of $0.11). For calendar year 2001, the company expects revenues of approximately $200 million (compared to $113 million in calendar year 2000) and pro forma diluted earnings per share to be $0.20-$0.21 (compared to EPS of $0.05). In today's announcement, Walter Alessandrini, Avanex Chairman and CEO, noted that "orders for our more mature product line, PowerFilter(TM), have been temporarily impacted by the carriers' lower spending on legacy systems, even though we continue to see significant increases in international orders, in orders for our next-generation products and in the number of customers we serve." Alessandrini said that the company expects its next-generation PowerMux(TM) and PowerExchanger(TM) to represent over 70% of revenues in its third quarter, compared to about 45% in the second quarter, while international sales will grow to over 50% of revenues as compared to about 20% in the second quarter. The company also expects to add a new 10% customer, Alcatel, in its third quarter. "Even though we continue to see strong growth for the company as our next- generation products take increasing hold in the marketplace, we believe it is prudent to be more conservative regarding our short-term outlook," said Alessandrini. "We remain very confident that our strategy to provide premier advanced technology products will continue to place us at the front of the growth curve as carriers around the world continue to increase investments in next generation networks." Conference Call Avanex will discuss its revised guidance on a conference call scheduled today, February 27, at 4:30 p.m. EDT. The number for the conference call is 888-677-5726. The password is "AVANEX." A replay of the conference call will be available through March 6, 2001, at 800-568-4204. About Avanex Avanex designs, manufactures and markets photonic processors for the communications industry. Avanex's photonic processors offer communications service providers and optical systems manufacturers greater levels of performance and miniaturization, reduced complexity and increased cost- effectiveness as compared to current alternatives. Avanex was incorporated in 1997 and is headquartered in Fremont, Calif. In addition to a development and manufacturing facility in Fremont, the company also maintains The Photonics Center(TM) in Richardson, Texas and a development facility in Hudson, Mass. To learn more about Avanex, visit its web site at: www.avanex.com. Forward-looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act. Actual results could differ materially from those projected in the forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, our inability to sufficiently anticipate market needs and develop products and product enhancements that achieve market acceptance. Avanex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. CONTACT: Mark Weinswig, 510-897-4344, or fax, 510-897-4345, or e-mail, mark_weinswig@avanex.com, or Tony Florence, 510-897-4162, or fax, 510-979-0198, or e-mail, tony_florence@avanex.com, both of Avanex Corporation. SOURCE Avanex Corporation CONTACT: Mark Weinswig, 510-897-4344, or fax, 510-897-4345, or e-mail, mark_weinswig@avanex.com, or Tony Florence, 510-897-4162, or fax, 510-979-0198, or e-mail, tony_florence@avanex.com, both of Avanex Corporation