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

To: LTK007 who wrote (38886)	3/8/2002 7:36:43 AM
From: JustTradeEm	Respond to of 99280

Where's the growth we're all been being told about ?? Slump almost double what was most recently forecast !! Merrill cuts JDSU, puts 'sell' on Ciena (CIEN, JDSU) By Emily Church Dealers said that shares of Ciena Corp. (CIEN) and JDS Uniphase (JDSU) were lower in pre-open trading. Merrill Lynch told clients overnight that sees the optical systems market declining closer to 20 percent in 2002 vs. its own earlier expectation for a 12 percent decline. It lowered JDS Uniphase to a neutral, saying was "moving to sidelines" from a mid-term buy on the stock. "At this point we now feel that the weaker fundamentals for JDSU's customers mitigate the near term upside potential from an inventory snap-back," Merrill said. As for Ciena, Merrill said it "we believe the negatives outweigh the positives for Ciena," and restarted coverage of the stock with a mid-term 'reduce/sell' and a long-term 'neutral.'