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Technology Stocks : PARADYNE (PDYN)
PDYN 4.740+11.4%3:59 PM EST
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To: M. Frank Greiffenstein who wrote (189)10/25/1999 3:53:00 PM
From: Vijay Raghavan  Read Replies (1) of 242
 
Frank, I got a small allocation, when PDYN ipoed and sold it in low 40s and bought back when it went lower. I have a very small long position now and wanted to average up at some point of time but decided to wait for their earnings report. If they really execute well, we will have good run . However they have to do something with their narrowband stuff before the stock gets better valuation; Here is something form their june quarter report; The last line tells the tale!
"``We are very pleased with our performance,' said Andy May, Paradyne's chief executive officer. ``Our broadband products
had an excellent quarter representing over 70 percent of total product sales. Sales of our digital subscriber line (DSL) systems
exceeded our plans and we continued to achieve new customer design wins for both our Hotwire© DSL systems and our
FrameSaver© Service Level Management (SLM) systems. Finally, our narrowband product revenues continued to decline as
expected.'
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