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To: Bill Harmond who wrote (7299)5/30/2001 9:23:19 AM
From: Bill Harmond  Respond to of 57684
 
From Briefing: 08:32 ET More on Opticals : More on the Morgan Stanley call on opticals: downgrades due to reduced carrier capex plans, fact that new carrier financing is not being spent on capex, limited to no visibility at optical cos, and increasing pricing pressure. Morgan cites following prices as trough values for downgraded stocks: NT at $10, TLAB at $27, SCMR at $6, JDSU at $12-13.