Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (28252)	11/29/2001 8:02:55 AM
From: JSB	Read Replies (1) \| Respond to of 118717

If we can't believe in audited financials, we're screwed. Being in the business, I can't even understand signing off when you don't understand what the hell the implications are of all the "off balance sheet" partnerships. The SEC or AICPA should go after those firms.

To: Dale Baker who wrote (28252)	11/29/2001 8:05:15 AM
From: Dale Baker	Respond to of 118717

Source: Deutsche Banc Alex. Brown estimates and company data Market forecaster RHK held 2 conference calls yesterday to review their North American Metro and Long Haul (LH) Optical Transport Forecasts - including both SONET and DWDM. Our thoughts are as follows: RHK projects North American Long Haul DWDM transport will decline 10% in 2002 to $3.3 billion. We think the decline could be +25% Y/Y. The North American Metro Market is estimated by RHK to decline 10% in 2002 to $4.7 billion. While this seems reasonable based on the current capex environment, we believe Metro WDM and Next Generation SONET segments are likely to show stronger growth than that forecasted by RHK. RHK reinforced our existing views regarding: 1. Importance of RBOCs for metro market deployments(see our 6-18-01 note OMSINE: The Key to the RBOC Goldmine). 2. The rapid decline in legacy SONET equipment sales is accelerating in the near term. Although optical networking stocks have rebounded dramatically since September 17th, along with the major indices, we do not see any change in fundamentals to warrant this.