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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: Rob Preuss who wrote (691)	5/18/1999 4:22:00 PM
From: Rob Preuss	of 1762

Digital Microwave gets rating boost. by Janet Haney & Lisa J Ulmer, CBS Marketwatch Last update: 2:39PM ET May 18, 1999 Shares of Digital Microwave [s dmic] jumped nearly 12 percent Tuesday after BT Alex. Brown upped its rating on the company from "buy" to "strong buy" and reiterated its 12-month price target of $20 per share. Digital Microwave's stock gained 1 1/2 to 14 1/2 on volume of 2 million shares. Analysts Brian Moods and Ian Toll said the first quarter of 2000 is on track and will meet or exceed their estimates of $64.6 million in revenue and break-even earnings per share. Analysts polled by First Call also expect the company to break even in the period. Modoff and Toll said the company's order flow is improving and new products are being introduced. They also cited increased interest in the company's Altium product line. The San Jose, Calif.-based Digital Microwave makes wireless options for telephone network access. cbs.marketwatch.com Day Hi: 15+3/16, Close: 15+1/8 up 2+1/8 (16.35%), Volume: 3,170,200.

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