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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (28695)	6/19/2001 5:39:24 PM
From: StormRider	Respond to of 37746

Tellabs (TLAB) 21.20 -1.10: -- Update -- Call just concluded... more guidance to be provided when TLAB reports actual results next month... TLAB -3.12 After Hours Indications : Futures trading is mixed on the back of a few new earnings warnings... S&P futures at 1221 trade even with fair value while Nasdaq 100 futures at 1688 trade five points below fair value. Tellabs (TLAB) 21.20 -1.10: -- Update -- Notes that CLECs continue to exhibit extreme softness and that most of the spending being done is coming from incumbents... Says that it is still getting its fair share of carrier spending, but that the problem is that carriers have cut back on spending... did say that business outside the U.S. remains a bright spot... TLAB -3.20 Tellabs (TLAB) 21.20 -1.10: -- Update -- On call, details Q2 revenue projection of about $500 mln in following manner: $210 mln from optical networking business; $150 mln from broadband access; $100 mln from professional services; and $40 mln from voice-enhanced business... clarifies that it continues to see stable pricing trends across all of its products... notes that it will recognize $13 mln in revenues from one customer in Q2 from a combination of Titan 6500 and 6100 products; however, it is shipping to more than one customer... TLAB -3.35 After Hours Movers : Changes vs. the 4pm ET close: The Tellabs warning hasn't surprised the markets much. TLAB -3.40 on its warning but sector peers are relatively inactive. Late session activity remains concentrated in many of the active names from the regular session... ORCL -0.06, CIEN -0.59, BRCD -0.63, SEBL -0.30, AMAT -0.01. Tellabs (TLAB) 21.20 -1.10: -- Update -- On call, says that it has experience more pronounced weakness than it expected in Q2... isn't providing any specific guidance beyond Q2, but says that it anticipates several more challenging quarters ahead... reiterates its confidence in its long-term prospects as it notes its market share position remains intact... TLAB -3.35 Asyst Tech (ASYT) 16.48 +0.05: -- Update -- Company cancels construction of its proposed new headquarters in Freemont, CA. Asyst Tech (ASYT) 16.48 +0.05: Company warns for Q1; sees revs of $65-$70 mln vs. Multex consensus of $75 mln; says current operating environment is a challenge which has resulted in ongoing pressure on bookings and backlog; also says visibility continues to be limited; see press release. Jabil Circuit (JBL) 25.11 +1.54: -- Update -- On call, says it expects levels of production in Q4 to be flat to down 4-5% from Q3; expects revenues of $950-$1.05 bln (Multex consensus is $1.113 bln)... limiting its guidance to fiscal Q4 due to limited visibility... states that while the overall rate of decline has abated, its business profile over the next 90 days does not indicate any improvement in end-demand... JBL -0.39 Tellabs (TLAB) 21.20 -1.10: -- Update -- Trading resumes; stock trading at 18.70. Jabil Circuit (JBL) 25.11 +1.54: -- Update -- Company warns for Q4; sees EPS in $0.13-$0.15 range vs First Call consensus of $0.19 EPS; sees revs in the $950 mln - $1.05 bln range vs. Multex consensus of $1.11 bln. Tellabs (TLAB) 21.20 -1.10: -- Update -- Stock still halted; conference call at 5 pm ET: 212-231-6013. Jabil Circuit (JBL) 25.11 +1.54: -- Update -- Reports Q3 profit of $0.16 EPS in line with First Call est; Q3 revs reported at $1.05 bln, above the consensus of $965.8 mln. Tellabs (TLAB) 21.20 -1.10: Company warns that Q2 revenues will be $500 mln vs prior guidance of $780-820 mln and that EPS will be breakeven before charges vs First Call consensus of $0.29; says dramatic changes affecting telecom landscape continue to impact TLAB.

To: Sharck who wrote (28695)	6/19/2001 9:39:36 PM
From: Electric	Respond to of 37746

Interesting counter point or two.. I recall about 10 days ago I was getting frustrated with the run we were having given that we had limited visibility etc..and nobody wanted to hear it..we were heading to 3k all the other crap, and that was said on this thread..people here were turing bullish..admit it those who were guilty.. What I am seeing the last few days is that the average investor on SI is turning bearish, very bearish..also the news is horrible and there is alot of gloom/doom in the market.. Past history speaks that when we start to bring J6P to one side of the market, usually things reverse opposite.. I also note that the P/C ratio is getting higher and the VIX is getting high. Also the trend of selling off into the afternoon is getting popular.. It wont last, things wont keep dropping like this, so enjoy it and play it with the same discretion that you play when long...stops etc.. I know things are horrible, but somthing tells me we are going to go counter trend soon... Capitulation is getting close.. Careful you joyful shorts..lol