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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Bryan who wrote (64663)	10/7/1999 3:33:00 PM
From: Ivan	Read Replies (1) of 90042

Bryan, take a look at PROX. Huge sell-off. Screaming trading buy. --------- Off YHOO MSG BOARD Dain Rauscher Wessels: UPGRADE Strong Buy-Aggressive Buy Has $69 tgt; says Q3 should meet or beat HIGH end ests. ** Hambrecht & Quist Hambrecht & Quist Hambrecht & Quist ** Company: Proxim Price: 39.5 Recommendation: Buy - Focus List Notes: a,e Date: 10/7/99 Rumors Unfounded; Reiterate BUY * PROX shares are down this morning on rumors the Company is being displaced at Intermec. * We believe PROX's relationship with Intermec is solid and note the Intermec has announced its support of HIPERLAN, PROX's high-speed technology solution. * Business trends are strong, and we anticipate upside to our Q3:99 estimate and an upbeat outlook from management. * We also expect continued progress on the home networking front through expansion of distribution for Symphony and advancement in the HomeRF commercialization effort.

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