Epoch Partners Previews Earnings for the Communications Equipment Industry

Apr 05, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 5 /PRNewswire/ -- Epoch Partners today issued a
 Research Note on the earnings outlook for communications networking vendors.
 The Research Note, issued today by Seth Spalding, Senior Analyst,
 Communications Equipment with Epoch Partners, discusses the earnings outlook
 for each of Epoch's covered companies. The following are highlights from
 select companies included in the Research Note:
 
     -- Ceragon (Nasdaq:   CRNT):  It appears that the market is discounting
        Ceragon more heavily than just if Winstar were its only problem.
        However, with CRNT around $4 1/2, we believe that all of these
        potential problems are priced in the stock.
     -- CIENA (Nasdaq:   CIEN):  We believe CIENA has visibility to make our
        fiscal 2Q estimate, but even this WDM pioneer cannot escape a prolonged
         macro slowdown.
     -- Cisco (Nasdaq:   CSCO):  Pricing pressure and discontinuation of the
        optical router product may tend to weigh heavily on the stock:
     -- Juniper (Nasdaq:   JNPR):  Juniper's solid list of customers and strong
        product technology should shield the company from an industry slowdown
        in the near-term.
     -- UTStarcom (Nasdaq:   UTSI):  UTStarcom has been trading below its growth
        rate, likely in sympathy to the other communications equipment vendors.
        Lack of exposure to U.S. and European capital expenditure spending
        concerns, and current strength of business, make it attractive.
     -- Our full note, with detailed analysis of each company, is available
        free at:  www.epoch.com.
 
     In addition, an audio summary of this report can be accessed at
 http://iTALKWeb.com/p.i?M=14892&SA=0 or http://iTALKWeb.com/p.i?M=14892&SA=1
 (Windows Media).
 
     Communications Equipment Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Avanex Corporation, Avici Systems, Ceragon
 Networks, CIENA Corporation, Cisco Systems, Corvis Corporation, Endwave
 Corporation, Finisar Corporation, Floware Wireless Systems, Foundry Networks,
 JDS Uniphase Corporation, Juniper Networks, Lucent Technologies, Netro
 Corporation, New Focus, Inc., Netro Corporation, Sycamore Networks, and
 UTStarcom, Inc.
     In addition, investors can be added to the Communications Equipment email
 alert system, which alerts investors to new research in the Communications
 Equipment sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochcommeq .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 5 /PRNewswire/ -- Epoch Partners today issued a
 Research Note on the earnings outlook for communications networking vendors.
 The Research Note, issued today by Seth Spalding, Senior Analyst,
 Communications Equipment with Epoch Partners, discusses the earnings outlook
 for each of Epoch's covered companies. The following are highlights from
 select companies included in the Research Note:
 
     -- Ceragon (Nasdaq:   CRNT):  It appears that the market is discounting
        Ceragon more heavily than just if Winstar were its only problem.
        However, with CRNT around $4 1/2, we believe that all of these
        potential problems are priced in the stock.
     -- CIENA (Nasdaq:   CIEN):  We believe CIENA has visibility to make our
        fiscal 2Q estimate, but even this WDM pioneer cannot escape a prolonged
         macro slowdown.
     -- Cisco (Nasdaq:   CSCO):  Pricing pressure and discontinuation of the
        optical router product may tend to weigh heavily on the stock:
     -- Juniper (Nasdaq:   JNPR):  Juniper's solid list of customers and strong
        product technology should shield the company from an industry slowdown
        in the near-term.
     -- UTStarcom (Nasdaq:   UTSI):  UTStarcom has been trading below its growth
        rate, likely in sympathy to the other communications equipment vendors.
        Lack of exposure to U.S. and European capital expenditure spending
        concerns, and current strength of business, make it attractive.
     -- Our full note, with detailed analysis of each company, is available
        free at:  www.epoch.com.
 
     In addition, an audio summary of this report can be accessed at
 http://iTALKWeb.com/p.i?M=14892&SA=0 or http://iTALKWeb.com/p.i?M=14892&SA=1
 (Windows Media).
 
     Communications Equipment Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Avanex Corporation, Avici Systems, Ceragon
 Networks, CIENA Corporation, Cisco Systems, Corvis Corporation, Endwave
 Corporation, Finisar Corporation, Floware Wireless Systems, Foundry Networks,
 JDS Uniphase Corporation, Juniper Networks, Lucent Technologies, Netro
 Corporation, New Focus, Inc., Netro Corporation, Sycamore Networks, and
 UTStarcom, Inc.
     In addition, investors can be added to the Communications Equipment email
 alert system, which alerts investors to new research in the Communications
 Equipment sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochcommeq .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 SOURCE  Epoch Partners, Inc.