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

To: westpacific who wrote (44956)	3/28/2002 3:13:09 PM
From: Zeev Hed	Read Replies (5) \| Respond to of 99280

Actually, I am going into this weekend fully loaded, already enjoyed talking at the Passover table about the coming squeeze induced by excess liquidity during the first week of April (g). Be careful with these shorts and watch your stops. Have a good weekend. Zeev In edit, well, to humor you, just lightened up a bit getting out of INVN here at $40.45 for another $.20, making it a total of $2.16 for today, if they drop it under $40, I may jump back in. Also bailed from MU, its relative strength is not too good today, got $33.03, for another $.24 or $1.40.

To: westpacific who wrote (44956)	3/28/2002 3:13:16 PM
From: puborectalis	Respond to of 99280

Mar 28, 2002... "..Sonus Networks (NASDAQ:SONS) Voice over IP product maker Sonus Networks (which we own) expects first-quarter revenue of $ 21 million versus a consensus of $32.5 million. Loss per share will be about 8 cents, double the expected loss. Short-term take: We see the telecom sector in general suffering from weak buying from the carriers, all of whom seem fearful of Wall Street's wrath if they invest in R&D and network upgrades. Quite simply, many carriers overbuilt and the vendors which sold them next-generation gear must wait out the drought. Long-term outlook: We own Sonus based on its takeout value, not a short-term market softness. Even so, a 20% stop-loss keeps the downside to a known quantity. It's early for the IP-based voice market but we think inevitable that carriers could adopt it to save costs. Dedicated switching (keeping open one line one end to the other) is a vastly inefficient use of the network. Voice over IP, or voice packet switching, looks like the future. That way, voice will be sent just as another data type over the Internet and telephone networks."