Morgan Stanley's Downgrade von Telecom-Equipment-Maker und der "Wahnsinn" dahinter !

[Ralph]

Zu allererst mal die Meldung, wonach Morgan Stanley vier Telecom-Equipment-Maker herunterstuft.

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Morgan Stanley Cuts Rating on Four Telecom Equipment Makers
By Eric Gillin
Staff Reporter
5/30/01 8:47 AM ET

According to a research note from Morgan Stanley Dean Witter analyst David Jackson, the much-anticipated second-half recovery in telecommunications equipment might not arrive until the fourth quarter of 2001 or the first quarter of 2002.

In a worst-case scenario, the recovery won't arrive until the third quarter of 2002, and, as a result, he downgraded JDS Uniphase (JDSU:Nasdaq - news), Nortel (NT:NYSE - news), Sycamore (SCMR:Nasdaq - news) and Tellabs (TLAB:Nasdaq - news) to the lowly neutral rating from market outperform. Jackson cited more than 40 data points gleaned from conversations with carriers, systems vendors and component companies in his now bearish outlook on the industry.
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Ralph

[Ralph]

..... und hier nachstehend die Meinung von James C. Cramer zu dieser Aktion.

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Seeing Clearly on Opticals

By James J. Cramer

5/30/01 10:43 AM ET

Shocking, Morgan Stanley pronounces the optical stocks dead. I didn't even know they were sick!

OK, enough cynicism. Should you sell these stocks into the downgrade? To me the only reason why you would do that is if you need capital. At this point these stocks have been so shelled and tortured and burnt that I think selling them into the downgrade is going to be foolish. The analyst should have downgraded these much earlier.

The reason I say this is because of my story yesterday about Millville and the glass market. Everybody who is anybody in these stocks blew them out months ago when the companies said things had gotten bad. Now we are just waiting for things to get better. That's why this downgrade seems so, well, late.

If we hear anything good out of opticals in the next two months I can promise you that you will not be able to buy Corning (GLW:NYSE - news - boards) or JDSU (JDSU:Nasdaq - news - boards) at the low prices this downgrade has just created.

You can take that to the bank.
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In diesem Fall stimme ich Cramer 100pro zu ! :(

Ralph