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

To: Johnny Canuck who wrote (33058)	6/25/2001 10:09:55 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70326

08:12 ET Sanmina (SANM) 21.96: Agrees in principle to acquire Alcatel's manufacturing operations in Richardson, Texas. Financial terms of the agreement, which includes a multi-year supply contract, were not disclosed. 07:57 ET CIENA Corp (CIEN) 41.50: Beijing IDN plans to deploy CIENA's MultiWave CoreDirector and MetroDirector K2 products, and has already placed purchase orders with CIENA. 07:56 ET Photon Dynamics (PHTN) 23.18: Merrill Lynch upgrades to near-term BUY from Accumulate based on improving fundamentals in the flat panel display market; says investors should take advantage of the current valuation before order improvements become visible, sees upside potential toward $40 in the next year. 07:04 ET Level 3 Comms (LVLT) 5.25: -- Update -- Company signs new agreement with Earthlink (ELNK) making LVLT one of Earthlink's primary providers of IP services. 07:01 ET Level 3 Comms (LVLT) 5.25: Highlighted in the WSJ as one of many telecom companies that may need to take big charges to write down impaired assets. Article suggests that for LVLT a major write down could cause company to violate bank-debt covenants. Prudent Bear Fund manager David Tice one of the investors betting against the stock. 06:50 ET Lucent Tech (LU) 5.99: WSJ reports that company is poised to sell two key plants to contract manufacturer Celestica Inc (CLS) in a deal that could yield $600-$900 mln, citing people familiar with the negotiations. An announcement is not expected to be made for several weeks, as Lucent is still talking to at least two other suitors.