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

To: Johnny Canuck who wrote (32795)	6/15/2001 1:47:32 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69001

JDS Uniphase (JDSU) 13.81 -0.37: -- Update -- Stock reopens for trading; currently off 1.4 at 12.41 after hours. Company will not be holding a conference call to discuss warning. Corvis (CORV) 4.30 -0.75: Optical networking site Light Reading reporting rumors that Corvis will soon win a deal with France Telecom (FTE), but says that sources say the deal will be relatively small. Intl Rectifier (IRF) 55.25 -2.87: Company warns for Q4; reduces revenue outlook to $179-193 mln from previous guidance of $237-257 mln; says business conditions in the datacom and telecom markets deteriorated even further during the qtr. Expects Sept. revenues to be flat sequentially. Puts full yr revenue growth at 5%-15% vs previous estimate of 20%-25%; see press release. JDS Uniphase (JDSU) 13.81 -0.37: -- Update -- Stock still halted; seeing slight negative impact on stocks in the optical sector after hours (changes vs close): CIEN -0.95, GLW -0.2, OCPI -0.7, NUFO -0.25. JDS Uniphase (JDSU) 13.81 -0.37: -- Update -- Lowered sales forecast will require an increase in excess inventory reserves of $225 to $250 mln. Excluding inventory write-downs, company anticipates pro forma results would be profitable (consensus $0.05 profit). "The business downturn has been rapid, steep and unprecedented, and the continuing lack of visibility from our customers suggests to us that a cautious outlook continues to be warranted for the short term.; see press release. JDS Uniphase (JDSU) 13.81 -0.37: -- Update -- Company warns for Q4; reduces Q4 sales outlook to $600 mln (consensus $690 mln); sees Q1 sales of $450 mln (consensus $664 mln). Sees Q4 pro forma loss of $0.06-$0.08 (including write-downs) vs consensus of $0.05 profit; see press release. JDS Uniphase (JDSU) 13.81 -0.37: Stock has been halted for trading -- news pending. Mercury Interactive (MERQ) 54.76 -4.53: Raymond James initiates coverage with a MARKET PERFORM; says company is the dominant provider of integrated Web performance monitoring and management solutions that help companies to test and monitor their Internet applications and e-business systems; the latest industry data indicates that Mercury has over 40% market share in testing, over twice the percentage of its closest competitor; firms enthusiasm is tempered only by the valuation of MERQ stock, which is currently trading at 51x firm's 2002 EPS estimate, or 1.5x its growth rate