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Technology Stocks : PHTN--Photon Dynamics, anyone follow this company -- Ignore unavailable to you. Want to Upgrade?

To: nasdaqian who wrote (913)	7/28/2001 2:32:58 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 930

I think the strength in recent session is due to this 13G Filing: Allianz AG Has 10.8% Photon Dynamics Stake WASHINGTON -(Dow Jones)- Allianz AG (AZ) reported holding a 10.8% stake in Photon Dynamics Inc. (PHTN), according to a Schedule 13G filed Thursday with the Securities and Exchange Commission. As of July 23, Allianz AG beneficially owned 1,380,600 Photon Dynamics common shares. A Schedule 13G denotes a passive investment stake in a company. Filers aren't required to provide a reason for any changes in stake and aren't required to detail any transactions. Photon Dynamics makes test, inspection and repair equipment for flat-panel display makers. -Todd Goren, Dow Jones Newswires; 202-628-9782 (This story was originally published by Dow Jones Newswires) ************************ They sure must be looking out quite a few quarters, since PHTN guided revenue guidance down for next Q. The only positive I heard in the call was that the slide in orders had stopped and they saw some firming. I am not sure when the rev guidance was down though unless there is a sessional effect.