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Oclaro, Inc. Message Board

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  • beenburntonce beenburntonce Jun 9, 2000 2:59 PM Flag

    Board feed back requested:

    It is unlikely that OCLR will find another buyer
    unless there is substantial upside to to the merged
    company. It is also unlikely that OCLR will sell out for
    $18 - 22 as this is vastly under what the company
    will be valued at once all the operational problems
    are fixed. Given what has occured here, I wouldn't be
    surprised if earnings come in below expectations. Expect
    volatility, but there is alot of value in this franchise. I
    would stay the course.

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    • I think they are going to miss the quarter. I
      don't see how they could make it, actually. The last
      report on the backorder situation was it was still at
      $5m meaning no progress there. Management was
      replaced and I believe goodspeed and the CFO were
      competent and dedicated. They had a hiring freeze because
      of the impending merger and I bet some good staff
      jumped ship since SSF was going to close (I think this
      was the plan - at least for sales).

      Even if
      they do miss the quarter do you think it will effect
      the stock price? It's not like there is a growth
      premium or anything in the price. I no longer have the
      optimism to sell puts or the pessimism to sell covered
      calls. I think the stock is going nowhere as the weak
      holders bail out and are replaced by a new crop of
      investors waiting for the upturn that IMO is inevitably
      coming. OCLR will be back in the 20s but I doubt it will
      be this year.

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