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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Lost1 who wrote (8754)	10/8/2001 3:01:05 PM
From: Lost1	Respond to of 10077

DIGL..PE 4.42 eps 1.34.. edit RESEARCH ALERT-Digital Lightwave estimate cut NEW YORK, Oct 3 (Reuters) - ABN AMRO said on Wednesday that it lowered its earnings per share estimates for Digital Lightwave Inc. (NasdaqNM:DIGL - news) after the optical networking products maker said it expects a third quarter loss. On Oct. 2, Digital Lightwave said softness in telecommunications spending and a weakened economy will lead it to post a third-quarter after tax loss of $2.7 million to $3 million, 9 to 10 cents per share. ABN AMRO analyst Jung Ho Pak said the company's forecast of third-quarter sales to $8.3 million to $8.7 million is 73 percent below the previous revenue estimate. Pak lowered earnings per share estimates to 36 cents from $1.00 in 2001 and to a loss of 10 cents from a profit of $1.15 for 2002, the analyst said in a research note. ``Demand for communications test equipment could be at further risk as the economic uncertainty, exacerbated by recent events, paints a cloudy picture for the second half of 2001 and the first half of 2002,'' Pak said. ABN AMRO is lowering Digital Lightwave's rating to ``hold'' from ``add.'' In July, the firm downgraded the stock from ``buy.''