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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (8032)	4/5/2001 8:28:01 AM
From: allen menglin chen	Read Replies (1) \| Respond to of 19633

Morning Tom. <<the Naz has dropped 5 out of the last 6 trading days, losing a total of 330 pts on profit warnings and fear of more warnings>> The NAZ has dropped 6 out of the last 7 months, losing a total of 2400 pts on overvaluations. But NAZ is due for a DCB at least for 1-2 days :) EMLX warned, cut est from .20 to .13; stock rally up 1+ pt. 08:11 ET Emulex (EMLX) 12 1/2: -- Update -- Cites continuation of the downturn in Fibre Channel host bus adapter demand for need to lower forecasts. "It has now become clear that the progressive weakening of the economic climate impacted the storage networking sector during the first calendar quarter." Company has insufficient visibility to provide guidance on future quarters at this time. 08:05 ET Emulex (EMLX) 12 1/2: Company projecting that Q3 pro-forma earnings will approximate $0.13 per share, up roughly 30% from the yr-ago, but down from its earlier expectation of up to $0.23 (mean $0.20).