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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (1292)	10/23/2001 7:43:31 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

I spoke with someone this weekend in the Fiber Optic Equipment business, and aside from backorders (which could be from 1-year ago) they have had no new orders for quite some time (not surprising). Their current backlog is enough to keep them busy for 2-years, but after that they have nothing. That's a fairly obvious situation, as 98% or so of the fiber already deployed is still dark. They are a private company that makes equipment that coats the inside of fiber, decreasing the need for boosting over distance. It is still fascinating to me that an industry that was the mother lode just 12-months ago crashed so quickly. That reminds me, I have to get a new telecom provider for our company before our current CLEC files Chapter 11 (current burn rate puts that at or around March 2002).

To: Frederick Langford who wrote (1292)	10/23/2001 9:07:38 PM
From: LTK007	Respond to of 99280

cool quote:) <<"Investors remain focused on comparing actual earnings against consensus expectations that have continually been lowered as a result of the slowing economy," says Johnson. "This may serve to further explain the bear trap rallies seen this year." Let's put it like this. How'd you like to be screening the earnings conference calls that are coming in by the bucket-load and hearing the same thing time and again? "We made our Wall Street consensus by a penny . . . before non-recurring items, which may or may not recur sometime in the future. We're very, very happy about beating our own internal guidelines, too," the scripted CEO says. "Now that we've written off a few hundred million of bad investments and goodwill, reduced the work force by 20 percent and taken a charge for that and other cost reductions, we're confident going forward that we're poised for continued success." A pause. "That success, of course, depends on growth in our operating earnings, and while we don't see that growth occurring in this quarter, because of the soft economy, we do expect that we will resume growing soon." If this were a baseball game, or a football game, you'd be throwing food on the field just about now. >> the link source cbs.marketwatch.com