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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (35485)	12/10/2001 12:27:33 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68501

ONI Systems (ONIS-NNM) by Jefferies (8.55, Dec. 6) We are maintaining our Accumulate rating and $10 price target for the shares of ONI Systems, a developer and marketer of optical communications equipment. For the December quarter, we are estimating 5% sequential revenue growth to $42 million and a per-share loss of 19 cents. For 2002, we estimate a 4% increase in revenues to $204 million and a loss of 57 cents per share. Starbucks (SBUX-NNM) by WR Hambrecht (16.90, Nov. 30) We reiterate our Buy rating. We continue to believe that Starbucks has significant growth potential and think it can grow its store base by at least 20% over the next several years. We expect the stock to be volatile for fiscal 2002 due to economic uncertainty and concerns about slower revenue and earnings growth. We continue to believe in the company's brand and its long-term growth potential and would be buyers on any share-price weakness. Urban Outfitters (URBN-NNM) by RBC Capital Markets (20.29, Nov. 28) We are starting coverage of Urban Outfitters with a Buy-Aggressive rating. We see the company undergoing an earnings recovery with improved merchandise, controlled markdowns and longer-term growth outlook. While we remain very cautious toward the overexpansion in the youth market and consumer spending overall, we believe this company is well-positioned with its two retail concepts (Anthropologie is the other). The stock has recently jumped in a dismal retail environment, but we'd view any price pullbacks as an opportunity for aggressive investors. Urban Outfitters by Investec PMG Capital (19.19, Nov. 30) With planned same-store sales increases of 2%-3% and square-footage growth of 15%-18%, total sales should grow by some 20% annually over the next few years. We rate the shares Buy, with a 12-month price target of $28. interactive.wsj.com