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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (32555)	5/31/2001 2:07:16 PM
From: Return to Sender	Respond to of 70464

Thanks Harry.. On the SOX I am looking for it to move back above 700 in the next couple of weeks. It may then trade back down again unless we get real evidence of a recovery. Too much indecision in the market and no one wants to hold these babies up even when they do move higher. RtS

To: Johnny Canuck who wrote (32555)	5/31/2001 5:49:24 PM
From: Return to Sender	Respond to of 70464

Looks like NVLS reiterated their guidance. Stock up in after hours trading. Should be helpful for the chip stocks tomorrow. IDTI also gave an update but they lowered guidance. IDTI has been a great trading vehicle. I will be watching to see where it settles on this latest decline: finance.yahoo.com RtS

To: Johnny Canuck who wrote (32555)	6/1/2001 2:20:29 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70464

Finisar Corp (FNSR) 15.05 -0.66: Company reports Q4 EPS of $0.00, in line with the consensus mean estimate. Revenues of $52.2 mln were up 153% from Q4 2000 and down 19% sequentially; see press release. Finisar Corp (FNSR) 15.05 -0.66: -- Update -- On call, says that the tea leaves it is reading today suggest that order rates won't be picking up as quickly as they had hoped... forecasts fiscal Q1 sales of $42-$47 mln and a loss of $0.01 per share... The Multex consensus revenue estimate is $52.63 mln and the First Call consensus EPS estimate is $0.01... FNSR +0.15 Finisar Corp (FNSR) 15.05 -0.66: -- Update -- On call, indicates that Brocade (BRCD 16.2% of revs) and Emulex (EMLX 13.5% of revs) were its only customers contributing more than 10% of total revenues in Q4; combined they totalled 30% of FNSR's business... EMC (EMC) dropped out as a "10% customer"... in Q&A, says that its FY02 forecast accounts for price erosion in the range of 10-15% on average... clarifies that 50-80% of a quarter is typically in backlog, and that entering the July quarter, it is actually at the high-side of that range... FNSR -0.20 Finisar Corp (FNSR) 15.05 -0.66: -- Update -- Breaking down FY02 revenue forecast of $250-$300 mln... $60-$70 mln from acquisitions and $190-$230 mln from its optical subsystems and test systems business; of the $190-$230 mln, $25-30 mln expected to come from instruments, $15-$20 mln from cable TV, $10-$15 mln from CWDM, and $140-$165 mln from transceiver business... call just concluded... FNSR -0.20