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

To: Johnny Canuck who wrote (36274)	2/28/2002 12:00:20 PM
From: Johnny Canuck	Respond to of 69852

Tellabs (TLAB) 10.87 +0.15: -- Before Open -- Goldman Sachs initiates coverage with a Market Perform. Firm says that over one-third of Tellabs' share price assumes new product success, which looks to be steadily materializing. Valuation and low top-line visibility leave firm looking for top-line stability and new product traction as catalysts to get more aggressive with the stock. Sonus Networks (SONS) 2.93 +0.13: -- Before Open -- Goldman Sachs initiates coverage with a Market Outperform. Firm notes that Sonus leads the fast-growing and highly profitable softswitch market, and with two incumbent carrier customers, looks capable of overcoming current market turmoil. Investors underestimate the importance of Sonus' technology and the intrinsic value of its market position, in firm's view. Nortel Networks (NT) 5.27 +0.11: -- Before Open -- Goldman Sachs initiates coverage with a Market Perform. Firm believes the market declines and product restructuring of 2001 have left Nortel with a favorable revenue mix that will enable it to achieve above-market growth rates in 2003 and beyond. However, significant risks remain in 2002, including low visibility, customer exposure, and an uncertain top-line outlook. Lucent Tech (LU) 5.57 +0.08: -- Before Open -- Goldman Sachs initiates coverage with a Market Perform as firm believes a series of new product launches, coupled with strong carrier relationships, are critical to Lucent's rebuilding. However, firm's analysis of Lucent's current product mix suggests the company's revenue growth in a recovery scenario will be in line with, not above, the market.