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Nothing's perfect....

and if you could predict the future, you'd own the world.

David (taking his lumps with TLAB too)

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This was just posted on Briefing.com:

14:58 ET Tellabs (TLAB) 21.20 -1.10 (-4.9%): Sources at Lehman telling us they expect the company to pre-announce this week for FY01 at $1.10. The current First Call consensus is $1.47.

Paul
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I sold this unbelievable total dog. Took a 30% loss on this pig
in less than 1 week...after it had already come down so much it was
about 30-40% below it's BI low when I got it. At about 30-31..it
REALLY looked like it had bottomed..but nope..down every day without
a hitch.

Now level3 is laying off.

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Well, at least no one's talking about a year-end recovery for tech and no recovery for telecom for even next year.

Valuations are re-adjusting rapidly to reflect this.

David
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Yep..but too late to know this as I took about a 28% loss on this dog selling at around 22..and have watched it continue to plummet to 17 or thereabouts...

I also bought sbc and apa..both are down further. I'm pretty sure sbc will rebound..but don't know about apa.
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