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To: 16yearcycle who wrote (8840)	9/27/2001 3:48:46 PM
From: stockman_scott	Respond to of 57684

ITWO is getting a nice pop today...

To: 16yearcycle who wrote (8840)	9/27/2001 3:49:21 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

I was wondering when you'd get back into the market.

To: 16yearcycle who wrote (8840)	9/27/2001 7:27:20 PM
From: stockman_scott	Respond to of 57684

Wall Street Dumps Shares of Net Equipment Makers Thursday September 27 5:35 PM ET BOSTON (Reuters) - Wall Street on Thursday hammered the stocks of several Internet equipment makers, with Sonus Networks Inc. taking top billing in a sell-off that wiped away 55 percent of its stock value. Spooked by recession fears, corporate chief information officers are putting the brakes on spending plans for gear that makes up the plumbing of the Internet and telecommunications networks. ``In general, our sense is that corporate America is now bracing itself for recession and therefore reducing spending,'' Merrill Lynch analyst Samuel Wilson said in a research note. On Nasdaq, Sonus shares fell $3.52, or 55 percent, to close at $2.88, after it warned on Wednesday it would post a loss in the current quarter with sales more than 25 percent below expectations. The Westford, Massachusetts-based switch maker, however, was not alone as other firms provided a shaky sales outlook. Enterasys Networks Inc. warned that business with the U.S. government, a major customer, had slowed in the wake of the Sept. 11 attacks on New York and Washington. Its shares fell 13 cents, or 2 percent, to close at $6.25 on the New York Stock Exchange (news - web sites). ``Management indicated that many networking projects were disrupted by the attacks and that customers have not resumed their purchasing yet,'' Erik Suppiger, an analyst at Pacific Growth Equities, wrote in a note to investors. Riverstone Networks Inc., a spin-off from Cabletron Systems and former sister company of Enterasys, also took a beating, despite posting second-quarter results that topped expectations. Its stock fell $1.47, or 21 percent, to $5.63 on NYSE trade. JP Morgan included Riverstone as it cut its investment rating and price targets on several Internet and telecommunications equipment makers. Cabletron spun off its majority stake in Riverstone in August, dissolved the Cabletron name and made Enterasys the parent company. Neither Enterasys or Riverstone executives provided earnings or sales forecasts on Wednesday during conference calls with analysts. They cited uncertainty in the market. Extreme Networks Inc. shares fell 80 cents, or 11 percent, to finished at $6.53 on NYSE trade after downgrades from JP Morgan and ABN AMRO, which lowered the company's 2002 revenue estimate to $500 million from $543 million.

To: 16yearcycle who wrote (8840)	9/28/2001 5:19:22 PM
From: 16yearcycle	Read Replies (4) \| Respond to of 57684

Added sons at 2.95, iwov at 4.02,nufo at 3.12, and utsi at 16.03. Added an equivalent dollar amount of pfe at 39.00. The case for sons and nufo at these levels is compelling. Nufo has 50% more cash than its total market cap. Pretty funny, unless you already owned it. Iwov I don't get at all, but the numbers say its too cheap. Sons is some manifestation of insanity from a parallel universe: if it grows rev's at 40% for the next 5 years and sells at 10x revenues again, as it did three weeks ago, the stock will hit 56. Those are pretty conservative projections, if sons has such a huge lead, and if we aren't going into the toilet for more than another year. Of course, ANY projection is silly in a bear market, but as they say, you pay a high price for a cheery consensus. The bottom line is sons could be a 50 bagger over the next decade,(50% compounding revenue growth over 6 years off of the current 170 million per year pace, and an expansion of the p/s ratio from 3 to 10......even this summer, at nasdaq 2100, it sold for a p/s ratio much higher than that), if they can get the job done. You got to admit at 3, it leaves some room for error. I can dream, still.