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To: Johnny Canuck who wrote (36718)	4/11/2002 3:14:14 AM
From: Johnny Canuck	Respond to of 67946

19:40 ET EMKR EMCORE ups Q2 revenue guidance, announces restructuring (9.19 -0.48) Company issues upside preannouncement for Q2 (Mar), expecting revenues to exceed the 15%-20% sequential quarterly growth previously projected, which translates to exceeding $22-23 mln (consensus $21.2 mln); also announced restructuring of its operations and further implementation of on-going cost reduction initiatives; expects to record restructuring charge of $33-38 mln in Q2 associated with workforce reductions and other write-downs; will also take $12-15 mln charge to write off excess and obsolete inventory and doubtful accounts. [Harry: ANAD and EMKR have both announced upside announcements. Given that opticals has not recoverd it means that wireless communications components are tracking ahead of schedule. This bodes well for KOPN provided they have been able to maintain traction in camcorder monitors either through new desgin wins or good demand. RFMD is probably alright also given what is being suggested by ANAD and EMKR. Note that TQNT pre-warned though so not everyone in the sector is benefitting. As long as CNXT does well KOPN should be alright. KOPN is about to bottom at the Feb low and the Sept low. I would expect a bounce given the improved fundamentals.]

To: Johnny Canuck who wrote (36718)	4/11/2002 4:37:25 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67946

RMBS CC highlights 15 per increase in profitability q-q increase of net income 9 per q-q expenses lowest in 6 q's rev 23.4 mil down 5 per q-q, 25 per y-y royalties 21.8 mil flat q-q, down 8 per y-y seeing good royalty stream from memory and controllers memory - rev growth 23 per q-q, unit growth 27 per q-q controllers - rev growth 3 per q-q, unit growth 7 per q-q contract rev down 1.3 mil, flat next q, don't expect much change till we get Yellowstone clients signed SDRAM+DDR royalties down 9 per q-q on memory + controllers 1.6 mil in legal expenses in q, down 2.4 mil $5 mil in shares re-purchaed during q cash up to 162 mil from 159 mil q-q no inventory risks not offseting vechiles conservative accounting for royalty rev bought back 635,000 shares at average $7.35, not 100 mil outstanding, 103 fully diluted Guidance: Rev flat q-q Op Ex up 1 mil due to investment in development of RSAS serial technolgy and Yellowstone. Legal cost below 2 mil next q other income will be down due to sub-lease on old facilty, should be $200,000 tax rate 35 percent EPS 6 cents RSAS business: Apps in WAN backplanes, Fiber channel infibandd apps, 10 gigE saves resources + power 5 to 10 lincesees so far INTC, Banderacom (sp?) and TXCC are licensees hope to see first rev in summer Banderacom demonstrated recently at INTC developers conf. RSAS recently passed technical testing at another OEM 4 working chipset to date expect 10 gigE to be small but fast growing segment, expect good operating margins Yellowstone: Have made 3 passes at silicon, seeing good progress, current system support 3.2 gig, next step 6 gig,expect first licensee in summer RDRAM: 14 percent of all DRAM is RDRAM unit vol up 27 per q-q RDRAM still making design wins seeing good PS/2 sales INTC selected RDRAM for network controller, VTSS select RDRAM memory, New INTC 850E chipset will build on RDRAM, extension of 850. Silicon Systems expand RDRAM license to include 850 CPQ alpha that will ship later this year will contain RDRAM Legal Stuff: In US: briefing of appeal heard. June for arguments, ruling 2003. Suits on MU and Hynix put off till appeal heard US trade commission still looking at JDEC standards participation in 1991-1195 Shareholders lawsuits now all combined in California, except one in Delware hope to dismiss New lawsuite from Holiday Matinee claiming they overpaid for RAM due to RMBS royalty, has no merit due to declining RAM prices, not all manufactures paying royalty 3 suites in Germany - iNFY, Hynix, MU. Patent validity + Infringement determination in Sept, expect an injunction in Q3/Q4 if successful, will have to post a bond if they appeal

To: Johnny Canuck who wrote (36718)	4/12/2002 4:28:11 AM
From: Johnny Canuck	Read Replies (3) \| Respond to of 67946

Running list stocks confirming/upping guidance April 11,2002 MCHP ***** NXTL ANAD ANEN RMTR TTWO RCL UCL ELBO * TREE EK ITRI SMRT TSA CYMI PNR GM GE INSP CD ESST UAG EMN ROH TSG KEM PG CKFR CLX TKR DL TRB JILL FO TIBX EXEL ALLY STN UAG EMN JBL IDTI SHW MVIS BYD GE FINL PFE GGC CBRL WTSLA BOL YELL TWR LBRT MANU DCN EMMS DCTM BOL WDC HRV BHE MONE WDC DELL RTN* DD JNY SKX PFCB WEBM HLYW DHI SWK SY BBBY STR WBSN MMM CHPC FTS DELL MWRK CPKI CRUS BRCD INRG SBAC GNSS PEET UNTD RL**** JDAS CPQ WEN ARRS NWRE INTU TSA BLI SPAR KCP OSIS SHRP DL IDPH LE FWHT MNRO EMKR NMTC MCAF NSM SHW CTB S GYMB ANN PIR NET MERQ - R PWAV - R ELNT - R TGT ROST JAS.A JCP * ELBO sold off despite beating numbers for earnings JBL reducing rev for next 2 Q's, ups EPS due to better tax rate, ups rev and EPS for year, large new contracts 2H * Appears to raise 2003 rev guidance, miss of 2004 though ** re-affirms for the Q, down slightly for the year *** MCHP raised guidance again for the Q - R : REPORTED ALREADY