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

To: James Calladine who wrote (1878)	7/3/2001 10:13:52 AM
From: The Ox	Read Replies (3) \| Respond to of 2293

Another way to look at AVNX 18 mil in revs X 4 qtrs = Price to sales ratio around 7x!! This for a company who's revenues have declined over 60% in the last 2 quarters. Hmmm....odds are this one gets cheaper still, IMO.

To: James Calladine who wrote (1878)	7/5/2001 5:21:02 AM
From: rainwater	Read Replies (1) \| Respond to of 2293

100 was just another number like 3... since zebraspot did not explain how he got 3... I could justify 100 better since this stock has been there... James, I am not saying this will DEFINITELY go to 100... I think it could go higher under the right circumstances... :-) I agree with your analysis... I would compare AVNX versus other networking/optical companies... and if you compare charts.. this one is trading at a discount to that group... just based on a simple group comparison.. it is good for a short term trade from 8 to (10-11) in this month...unless the group drops in which case look for AVNX to drop less than the group percentagewise... So if you want to play in this space... AVNX qualifies as a good buy... and lower risk than its peers