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

To: Johnny Canuck who wrote (32823)	6/15/2001 11:51:46 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69025

11:42 ET Nortel Networks (NT) 9.21 -1.39 (-13.1%): -- Update -- S&P puts Nortel ratings on CreditWatch Negative. 08:59 ET Avanex (AVNX) 9.54: Dain Rauscher Wessels downgrades to NEUTRAL from Buy-Aggressive on concern that AVNX's sales/margins will be significantly impacted by lack of sales on the part of equipment vendors and pricing pressures in passive components. Says six-month supply of excess optical component inventory sits in equipment vendors' warehouses. Reduces FY02 est. to (0.15) from ($0.07).