Turnstone Systems, Inc. (TSTN) Message Board

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Technology Stocks : Turnstone Systems, Inc. (TSTN)

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To: Glenn Petersen who wrote ()	1/24/2000 11:37:00 PM
From: Jack Hartmann	of 64

Gaskins IPO Hardball comments 1/24/00 on Vcall - Turnstone System. TSTN. "RedHerring rated REDHOT. Stock of the week. Only 3M offered. Only A rated stock by Gaskin out of 18 this week. 400-500M market cap. Will go up. 12.5M in rev last quarter and profitable. 1, 4.7, 9, 12.5M in Q2Q rev growth rates. Makes DSL digitized and make DSL installation easier. Have a deal with LU for reselling product. COVD, RTHM, MCI, Nokia are customers. Best set of number I can remember seeing by Gaskins. Make a multiplexer. This company has a product that will work with everybody's system. Not sure CSCO will make a product like this. Last two quarters are profitable. Gaskin picked SCMR, RHAT, and FDRY as A ipos. Downside is a one product company. Market is simple. Pain in the ass to install DSL. Worked gross margin from 40% to 57% which is a good trend." Well, only three people here. Maybe we'll get lucky if market is red on IPO day. Jack

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