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To: Larry S. who wrote (31088)	4/26/2001 1:47:54 PM
From: Kelvin Taylor	Respond to of 53068

12:46PM XOXO Implications : Goldman Sachs views XO Communications (XOXO) plans to reduce capex and scale back growth as a neutral for Ciena (CIEN) and a negative for Nortel (NT); notes that XOXO represents under 5% of Ciena's sales; could provide opportunity for Ciena to penetrate the Level 3 account. As for Nortel, believes a lot of investors may have already factored this news into the stock. 12:42PM Nasdaq Composite : -- Technical -- Failed at resistance this morning (2095), tested support at 2065 (both targeted in 10:17 comment) and is now back on the move to the upside. Intraday will watch support at 2080/2078 for an indication of the health of the current push. Continued posture above leaves the door open for a run to new intraday highs with next resistances at 2118 and 2135. A failure raises the odds of a new low with initial support between 2060 and 2050.

To: Larry S. who wrote (31088)	4/26/2001 3:08:24 PM
From: E.J. Neitz Jr	Read Replies (2) \| Respond to of 53068

>>>>so when you gonna break down and buy SFA, over 100??<<< Never!!!!!!!!!!!!

To: Larry S. who wrote (31088)	4/27/2001 8:27:28 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

08:10 ET Corning Inc (GLW) 21.00: -- Update -- UBS Warburg downgrades to HOLD from Buy. Firm cuts estimates to $7.6 bln in revenues and $0.88 EPS for 2001, down from $8.0 bln and $1.20; and 2002 goes to $8.2 bln and $0.95, down from $9.4 bln and $1.45. Price target cut to $16 from $36. Downgrade based on concern that even if the sector begins to rebound later in the year, Corning`s value proposition of fiber and photonics is not properly calibrated at this time to participate as rapidly as some of its peers. 08:07 ET Corning Inc (GLW) 21: -- Update -- Merrill Lynch feels that latest reduction in estimates by management is a major step toward clearing the decks; thinks that risk is limited for investors that accumulate the stock under $20