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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: Rich1 who wrote (770)10/19/1999 10:38:00 AM
From: Rob Preuss  Read Replies (1) of 1762
 
The market is very unforgiving. DMIC missed
the analysts estimates by $0.01/sh so the
stock is being punished. My firm belief
is that the market will soon come to its
senses, there will be some analyst upgrades,
and the stock will return to the high teens
or low 20's... consequently, I see this as
a buying opportunity and I bought some more
shares this morning. Watch for the announcement
of that second big OEM deal within a week or so;
that should help trigger some analyst upgrades.

Rob
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