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To: Johnny Canuck who wrote (34750)	10/15/2001 11:50:43 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70752

16:45 ET Sierra Wireless (SWIR) 12.65 +0.34: Reports Q3 net loss of $0.24 per share, $0.01 better than the consensus estimate; reports Q3 revenue of $12.9 mln versus the consensus of $12.0 mln; company warns for Q4 (Dec); sees net loss of $0.15-$0.17 per share versus the current consensus estimate for a net loss of $0.10 per share; sees Q4 revenue in the range of $14-$15 mln versus the current consensus estimate of $16.3 mln; see press release. Harry: This indicates cost benefits of wireless networks versus land line may not be in current environment? Problems with technology? 16:38 ET New Focus (NUFO) 3.85 -0.04: Announces Kenneth E. Westrick has resigned as the company's president and CEO; R. Clark Harris, chairman of New Focus' board of directors, has been elected to serve as the company's president and chief executive officer; see press release. This is not a good sign for optical companies. They have not pre-warned yet, but if the CEO is leaving it must be bad. The board has essentially indicated it does not agree on the current direction of the company?