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To: Johnny Canuck who wrote (34702)	10/10/2001 10:16:10 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68639

08:13 ET MRV Comms (MRVC) 2.76: Expects Q3 revenues to exceed guidance; sees non-Luminent rev in excess of $50 mln vs guidance of $46-$50 mln provided July 30. 08:12 ET Comverse Tech (CMVT) 17.60: Goldman Sachs reiterates Recommended List rating but lowers FY01 estimate to $1.06 from $1.10 and FY02 to $1.15 from $1.30; notes that firm's competitive position remains very strong, as firm is working closely with AWE in trial stages despite recent rumors that they had lost this contract. 08:09 ET VerticalNet (VERT) 0.69: -- Update -- Company plans to write down its $215 million equity investment in privately held Converge. 08:07 ET VerticalNet (VERT) 0.69: Company expects to meet or exceed its previous Q3revenue and pro forma loss per share guidance, resulting primarily from the successful implementation of its cost-cutting initiatives. 07:58 ET Motorola (MOT) 16.72: -- Update -- Commenting on last night's earnings report, Banc of America Securities notes that the handset business was better than expected with in-line sales but better margins; semis may have put in a bottom in Sep qtr, but outlook is uncertain; mobile and broadband businesses still weak; ahead of this morning's conference call, firm expects no change in its 2002 EPS estimate of $0.20. 07:50 ET IBM (IBM) 97.14: Goldman Sachs trimming Q4 est to $1.25 from $1.40 and CY02 to $4.55 from $5.05 based on prospect for continued slowing in IT spending. Firm maintains Rec. List rating as expects IBM to provide defensive characteristics for now and greater opportunity for growth in a recovering economy. 07:49 ET Lam Research (LRCX) 16.64: -- Update -- CSFB says that 4 cents of the 5 cent upside earnings surprise for LRCX was due to a lower tax rate; also questions bookings guidance, noting that company is 0 for 3 this year predicting orders; CSFB sees orders falling to $110 mln from $140 mln; cuts FY02 EPS estimate to ($0.08) from $0.20 and initiates FY03 at $0.05. 07:45 ET Semi Equipment Downgrades : JP Morgan cutting AMAT, KLAC, NVLS, and VSEA to MKT PERFORM from LT Buy on opinion that a major, capacity driven upturn is unlikely before late 2002/early 2003; notes that group continues to trade at a premium to prior trough levels... Stocks trading flat to slightly lower in pre-market as downgrades mitigated somewhat by LRCX upside earnings surprise.