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

To: thesilenttype who wrote (8755)	11/28/2001 1:12:09 PM
From: orkrious	Read Replies (1) \| Respond to of 99280

IMO,buy BRCD Wow. Buy BRCD. Up from 13 to 30 in less than two months. No thanks.

To: thesilenttype who wrote (8755)	11/28/2001 1:16:44 PM
From: All Mtn Ski	Respond to of 99280

BRCD outlook may hamper it after all: Finisar shares tumble 18 percent on outlook NEW YORK, Nov 28 (Reuters) - Shares of Finisar Corp. (NasdaqNM:FNSR - news) tumbled 18 percent on Wednesday as investors became less optimistic about the outlook for the maker of parts for networking and storage equipment. On Tuesday night, Finisar posted a fiscal second-quarter net loss of 5 cents a share, in line with Wall Street's expectations, but predicted no or slight revenue growth for next year. Investors had expected Finisar's revenues to grow, compared with an estimated 10 to 15 percent decline for the industry, said Lauber. ``It's one of the few optical companies that everyone got very excited about,'' said Kurt Lauber, an industry analyst at American Express Financial Advisors, which has $275 billion in assets. But ``the company wasn't so bullish about the future.'' Shares of the Sunnyvale, California-based company dipped $2.24 to $10.49 on Nasdaq. Some 6.2 million shares had changed hands by midday, more than the 50-day daily trading average of 5.5 million shares, according to Morgan Stanley data. ``I don't think the market is over-reacting,'' said Lauber. ``The stock has had a great run. Investors were expecting ahead of themselves and now they're just pulling back.'' Since Oct. 1, Finisar had jumped more than three-fold as of Tuesday's close, though the stock is still down 63 percent this year. Some investors were selling because the stock had risen too far, too fast, given the outlook for profits, analysts said. Others were hanging on. ``On the company's fundamentals, there's nothing to scare us to death,'' said Sam Mitter, an analyst at Canadian investment firm Altamira Management Ltd. which owns Finisar shares. ``We're not selling, but we're not buying either. We're waiting to see what's going on. The company's guidance is flat to slightly up -- that's pretty much the tone of the day.'' On Wednesday, Merrill Lynch's analyst Tom Astle raised his fiscal 2002 per-share loss expectation for Finisar to 18 cents from 16 cents, and to 8 cents from 4 cents for fiscal 2003. ``At these price levels we would advise investors to wait another quarter to gain a better sense of the timing of a recovery,'' said Astle in his research note. biz.yahoo.com