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Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?

To: rainwater who wrote (1877)	7/3/2001 10:02:56 AM
From: James Calladine	Read Replies (2) \| Respond to of 2293

3 on the way to 100? I think you are working on the assumption that (in some form), the glory days will return. Will they? Yes, I agree, this company has some real capabilities, and the possibility is that they will do well when there is an upturn. However, how will the market value AVNX at that time? Will any significant portion of the old multiples return? The Gilders and the Light Readings of this world have a business--titillating their readers. The prospect is that they will go on to evangelize the newest of the new, the brightest of the bright, that nobody knows anything about, and whose "future" can be talked about in glowing terms because it is still far away. Those people most likely will characterize AVNX as somebody "who had the world in their hands, but were unable to capitalize on the opportunity at the time" In other words the touters blame the objects of their touting, not themselves. So, I personally think that we will see $20 at some time. Maybe more. From $8 that would be a decent gain. Even from $3. But we have to wait a while. In other words I am arguing for accepting the present market as "what exists" and having far more relevance than "the past" Namaste! Jim