Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: emichael who wrote (1685)	3/5/1998 7:42:00 PM
From: Gary Korn	Respond to of 12623

3/5/98 Prof. Inv. Rep. 08:18:00 Professional Investor Report Copyright (c) 1998, Dow Jones & Company, Inc. Thursday, March 5, 1998 Analysts' Ratings: Communications Tech This is a weekly ranking of the stocks within the Communications Tech industry, based on analysts' recommendations contributed within the past month to First Call's database. To be included on the list, a company must be rated by at least five analysts. Also included in the list are First Call analysts' estimates for the companies' current quarters. Estimates are operating income per share based on a survey of analysts. First Call Consensus Recommendation Scale 1.0-2.4 = Buy 2.5-3.4 = Hold 3.5-5.0 = Sell Latest # Analysts First Call # Analysts Consensus Covering EPS Estimate Covering --------- ---------- ------------ ---------- (Q: ANIC) 1.0 5 $0.11 1Q 5 (Q: DAVX) 1.0 5 $0.30 1Q 5 (Q: TRII) 1.0 5 $0.19 1Q 5 (Q: CMVT) 1.0 7 $0.44 1Q 7 (Q: PTEK) 1.1 7 $0.25 1Q 7 (Q: GILTF) 1.2 5 $0.33 1Q 5 (Q: INSS) 1.2 6 $0.12 3Q 6 (Q: DMIC) 1.3 8 $0.23 4Q 8 (Q: CIEN) 1.3 9 $0.28 2Q 9 (Q: AFCI) 1.3 10 $0.14 1Q 11 (Q: OMPT) 1.3 12 ($2.02) 1Q 7 (Q: ICGX) 1.3 15 ($2.02) 1Q 9 (Q: AVTC) 1.4 5 $0.29 1Q 5 (Q: RCNC) 1.4 5 ($0.73) 4Q 4 (Q: CELL) 1.4 11 $0.15 1Q 10 (Q: PCMS) 1.4 11 $0.12 1Q 12 (Q: PWAV) 1.5 6 $0.13 1Q 7 (Q: WCII) 1.5 13 ($2.61) 1Q 10 (Q: TLAB) 1.5 22 $0.35 1Q 22 (Q: CSCO) 1.5 30 $0.44 3Q 32 (Q: ACNS) 1.6 5 ($1.09) 1Q 4 (Q: MTEL) 1.6 8 ($0.33) 1Q 7 (Q: PAIR) 1.6 17 $0.17 1Q 18 (Q: ACEC) 1.7 6 $0.06 3Q 6 (Q: ASPT) 1.7 6 $0.26 1Q 6 (Q: BBOX) 1.7 6 $0.49 4Q 7 (Q: ECILF) 1.7 7 $0.47 1Q 5 (A: GST) 1.7 7 ($1.25) 1Q 4 (Q: GSTRF) 1.7 7 ($0.26) 4Q 2 (Q: ADTN) 1.7 11 $0.29 1Q 11 (N: NOKA) 1.7 18 $0.92 1Q 8 (Q: DLGC) 1.8 5 $0.34 1Q 5 (Q: IRIDF) 1.8 6 ($1.14) 4Q 2 (N: GMH) 1.8 8 $0.09 1Q 4 (N: TGO) 1.8 8 $0.54 1Q 3 (Q: XYLN) 1.8 9 $0.16 1Q 10 (N: LU) 1.8 28 $0.18 2Q 24 (N: BAY) 1.9 24 $0.28 3Q 26 (N: NT) 1.9 28 $0.25 1Q 23 (Q: TLDCF) 2.0 5 $0.01 1Q 5 (Q: WSTL) 2.0 6 ($0.14) 4Q 5 (Q: ADCT) 2.0 17 $0.25 2Q 18 (Q: ASND) 2.0 25 $0.25 1Q 24 (Q: CYLK) 2.1 8 $0.06 1Q 7 (N: APH) 2.2 5 $0.54 1Q 3 (MORE) Dow Jones Newswires 03-05-98 08:18 AM EST

To: emichael who wrote (1685)	3/5/1998 7:44:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 12623

3/5/98 Dow Jones News Serv. 14:46:00 (SEE BOLD) Dow Jones News Service Copyright (c) 1998, Dow Jones & Company, Inc. Thursday, March 5, 1998 Vinik - Intel Stake -2: Manager May Have Hedged Position Vinik's fund runs a little closer to the plain type. He's taking both long and short positions in U.S. stocks, and many say he's using leverage to boost returns. It appears to be working. His fund reportedly returned more than 90% to investors last year. These days analysts say Vinik's sticking mostly to the tech sector, showing a bias for smaller-cap names there. The data also indicate he's learned a lot of the tricks of the hedge-fund trade. Names that appear on the top of the "bought" list in one quarter have often been liquidated by the next quarter. While the SEC data provide a snapshot of Vinik's activities, the picture's a little blurry. For instance, Vinik's U.S. equity assets at the end of last year were worth about $2 billion, according to Technimetrics. But that number doesn't reveal Vinik's possible stakes in bonds or international stocks. It also doesn't say how much of the portfolio's assets are leveraged, or made up of borrowed money, or indicate stocks he may have sold short. All that means is that while the data show he had 62% of his U.S. stock holdings in technology at the close of 1997, he may have short sold securities to hedge 25%, 50% or even all of that bet. Nevertheless, at the end of the fourth quarter, micro-cap, small-cap and medium-cap firms made up 85% of the 175 stocks in his portfolio, according to Technimetrics. Along with Intel and Citrix, his top holdings included Vitesse Semiconductor Corp. (VTSS) and Maxim Integrated Products Inc. (MXIM), another semiconductor manufacturer. On the sell side, Vinik liquidated a stake in Jones Apparel Group Inc. (JNY) which he had held for about a year, Technimetrics' Krosinsky notes. Vinik also unloaded most of his position in telecommunications firm Ciena Corp. (CIEN). - Julie Creswell; 201-938-2047; julie.creswell@cor.dowjones.com (END) DOW JONES NEWS 03-05-98