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


To: Johnny Canuck who wrote (36489)3/19/2002 4:27:40 AM
From: Johnny Canuck  Respond to of 68173
 
Cash value of ONIS:

$678.8 mil in cash
$300 mil convertible debt offering in Oct 2000
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$378 mil in cash
30 mil burn rate per * 3Q's
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$288 mil
141 mil shares outstanding
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$2.04 per share

Before 3Q burn rate discount $2.68 per share

CIEN acq should cushion this but a 50 percent miss in rev and EPS usually translates into a 50 percent cut in the share price. Potential is for the price to open in the 3's.