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Washington Post "It's hard for them to escape the weak overall environment forever. Everyone's trying to figure out, given the cloudy outlook for the future, how Ciena can maintain its valuation."-- Seth Spalding
Director, Senior Analyst May 18, 2001  "Retail demand has shut down here, with no relief from markets overseas. "There is a glut out there and the new products aren't revolutionary enough to entice new owners or get old (PALM) users to upgrad."-- Matt Adams
Vice President, Analyst May 18, 2001 Rumors that Lucent Technologies might be bought by France's Alcatel also impacted trading. "An acquisition could be tough for a variety of reasons," said Richard Shannon, an analyst at Epoch Partners. "Lucent shareholders might think the valuation is too low, and Alcatel might not want the dilution at this point."-- Richard Shannon
Associate Analyst May 18, 2001 Despite beating analyst expectation and tripling profits from the same period a year earlier, optical networker Ciena fell $2.15, or 3.65 percent, to $56.75, on concerns that the company is overpriced. "The risk exceeds the rewards." -- Ashwin Navin
Associate May 17, 2001 "We see the next two quarters as having more risk than reward in (Ciena's) stock. Our opinion on the stock is its a great company with great products, but they had two customers that accounted for more than 50% of sales in the quarter. They need to migrate to new, fresh blood for some upside to their numbers, and in this environment it will be
hard for them to find new (large customers)."-- Seth Spalding
Director, Senior Analyst May 17, 2001 Lucent's gross profit margins... came in at 17.5%. "At that level, it's not a profitable, sustainable model at the same time you have pricing pressure within the industry," said Seth Spalding, an analyst with Epoch Partners.-- Seth Spalding
Director, Senior Analyst April 25, 2001 "I think there is dissatisfaction with (Sycamore's) product. Their problems are deeper than a weakened" telecommunications spending environment." -- Seth Spalding
April 19, 2001 |
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EPOCH IN THE NEWS | |
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Web Investors Get More IPOs,
But How Good Are the Deals? "Initial public offerings may have lost some of their sizzle lately, but make no
-- Wall Street Journal Bank Hopes to Herald New Epoch "Epoch was formed last year by Charles Schwab, Ameritrade and TD
-- San Francisco Business Times Fair Access to IPOs? "Our firm is backed by three partners, Schwab, Ameritrade and Waterhouse, and
-- CNET IPO Wide Open "So there you have it: three of the Valley's most prestigious VC firms (who
-- Red Herring IPOs to Go Scott Ryles "comes to the table with a huge ace up his sleeve — a big pool
-- Smart Money Threat From the Bank With No name Throw together three technology venture capital firms, three of the largest
-- Euromoney Magazine Schwab, TD, Ameritrade in IPO pact "Charles Schwab, Ameritrade and TD Waterhouse are banding with three
-- CBS MarketWatch |
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