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To: Suresh who wrote (33852)	8/29/2001 11:04:27 AM
From: Clint E.	Respond to of 69905

Hi Suresh. What these stocks(low-priced fallen angels) need is reverse-split. For CORV, 5-1 reverse-split would bring it back above 10. I bought a few things too. It could reverse back down again in the afternoon so I am always ready to sell. BTW, I think WFII is behaving quite well. Should be going back to 20 in the next few months. Clint

To: Suresh who wrote (33852)	8/29/2001 11:20:44 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69905

Suresh, You want to be careful in the telecom equipment sector. I am listening to the DY call now. It looks ugly. Rev down 19 percent Y-Y. Income down 37 percent Y-Y. DSO down 74.4 days from 75.4 days. A number of telcos reduced the amount of work done under master service contracts in the Q, especially central office work. Companies adjusting budgets for Q3 and Q4 downward now. Will work through 400 mil of 1.17 bil backlog in next 12 months. Op Margins down 3 percent. Top 5 customers Comcast 19.2 BLS 18.6 Q 18.6 Charter 6.4 Adelphia (?) 6.? Cash 134.5 mil up from last Q, still cash flow positive Organic growth negative 3.4 percent for the year EDIT Adjustments in budgets due to fact they overspent earlier in the year. Overall budgets for the year unchanged.

To: Suresh who wrote (33852)	8/29/2001 3:02:57 PM
From: Johnny Canuck	Respond to of 69905

14:49 ET WorldCom (WCOM) 12.54 -0.43: In an 8K filing, company discloses that it told an investor conference today that the 2002 capital spending plan has been reduced to $5.5 bln; most on street had been expecting $6.0 bln. News is bad for telecom equipment names like JNPR, CIEN, etc, but probably already discounted in these stocks. 14:28 ET Metromedia Fiber (MFNX) 0.64 -0.04 (-5.9%): USB Piper Jaffray feels that recent amendments to consent solicitation to bondholders suggest that financing is progressing. Thinks there is a 70% chance that MFNX will secure funding. If it does not, believes MFNX has a high probability of filing for protection under the bankruptcy laws. 14:11 ET AGA Data : Negative initial market reaction to AGA data. But hearing that the 76 billion cubic storage increase was below consensus of around +85 bcf . Natural gas futures continue to fall, currently off 3.7%. 14:06 ET AGA Report : American Gas Association (AGA) reports that US natural gas storage rose 76 billion cubic feet from last week. Natural gas futures off 1.6%. Oil Services Index (OSX -1.2%) slips to lows of the day in reaction to data. 13:56 ET Metro Ethernet : Hearing street rumors that China Telecom has suspended spending on metro ethernet equipment; this talk has hit Foundry (FDRY 12.17 -1.23) hardest as 16% of Foundry's revenues were from China in Q2, and is also weighing on Extreme (EXTR 15.41 -0.90) and Riverstone (RSTN 11.55 -0.20). 13:22 ET Global Crossing (GX) 4.14 +0.17 (+4.3%): Responding to market rumors, company reaffirms 2001 cash revenue guidance.