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

To: Johnny Canuck who wrote (38083)	8/26/2002 11:51:39 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68046

MarketPulse 11:05AM Ciena gets lift from Soundview upgrade (CIEN) by Michael Baron Ciena (CIEN) is tacking on 17 cents, or 4.1 percent, to $4.33, after Soundview Technology Group raised its rating on the shares to "outperform" from "neutral," saying that it believes the July quarter represents a low point in analyst estimates and that the company is about to begin a march back to profitability. "With investors beginning to look beyond the short term, Ciena looks well-positioned," the firm said, adding that it believes its estimates for the current quarter will prove conservative. Soundview maintained its year-end price target of $7. 10:45AM Harmonic gets lift from Charter deployment (HLIT, CCUR) by Michael Baron Harmonic (HLIT) is jumping 38 cents, or 13 percent, to $3.30, after the company said that its video-on-demand products are being deployed in 12 markets by Charter Communications (CHTR). Financial terms of the deal weren't disclosed but deployments in additional markets are planned for later this year, according to Harmonic. In addition, Harmonic's Narrowcast services gateway product has been integrated with Concurrent Computer's (CCUR) VOD Video server, according to Concurrent, whose shares are off 22 cents, or 6.6 percent, to $3.06, in morning trades. 10:43AM S. Bernstein trims Oracle's Q1 forecast (ORCL) by Tomi Kilgore Analyst Charles Di Bona at Sanford Bernstein shaved a penny off his earnings estimate for Oracle's fiscal first quarter to 8 cents a share due to expectations of lower revenue expectations, primarily in its applications and application servers business. Di Bona added that the stock's relative outperformance appears to be driven by a recovery from the over-selling seen earlier in the year and the feeling that the company, despite its problems, "is at least not going to disappear," and not by fundamentals. "Longer term, Oracle continues to face strategic issues in all of its businesses that we are not gaining confidence they will successfully navigate," Di Bona said in a note to clients. He reiterated his "market perform" and $10 price target. The stock is slumping 42 cents, or 3.9 percent, to $10.37. 10:34AM Retek slumps following SWS Securities downgrade (RETK) by Tomi Kilgore Shares of Retek (RETK) are sliding 56 cents, or 9.1 percent, to $5.58 after SWS Securities downgraded the stock to "sell" from "neutral," citing expectations of a software bookings shortfall for the third quarter. Analyst Bradley Whitt said he was unaware of any software opportunities of more than $10 million in the second half of the year, which the e-commerce enabler is accustomed to winning, making it unlikely the company will meet its projected software bookings target. Separately, Retek said it was selected by German apparel retailer Hettlage KGAA to help improve assortments, merchandising and product allocation. 10:25AM New homes sales up 6.7% in July to record levels by Maggie McNeil Sales of new single-family homes surged to record levels in July as buyers took advantage of low mortgage rates. The Commerce Department reported Monday that new home sales increased by 6.7 percent to a record annual rate of 1.017 million units, well ahead of the 976,000 rate expected by economists. The government lowered its estimate of June home sales to 953,000 from the originally reported 1.001 million units. 10:23AM Cox selects Terayon cable modem for its networks (TERN, COX) by Michael Baron Terayon Communication Systems (TERN) is surging 63 cents, or 29.2 percent, to $2.79, after the company said that its TJ715 cable modem has been selected for use on Cox Communications' networks. Terayon said that it has also been tabbed a preferred vendor by Cox. Terayon anticipates deployments of the TJ715 cable modem will begin in Cox's Phoenix network shortly. Cox shares are up 8 cents, or 0.3 percent, to $25.26.