Board, has anybody listened to the MMCN conf call yesterday? I heard the playback, but they did not include the Q&A session. The remarks by the CEO were still quite encouraging... though I'm down severely (avg. in at $29+), I consider buying more as this could still be a long term winner. Next year the CEO said should be very good, many design wins, CSCO relationship beyond yesterday was very good and CEO sees lots of opportunities. Also, apparently CSCO mgmt confirmed to him they still view MMCN a strategic supplier. In addition, volume should increase to Nortel, and possibly LU being a next major customer in the 2nd half of (calendar?) 2000, or so I understood.
Any comments from the conf call Q&A part welcome... Other possibility if somebody notes new analysts reports, please report here quickly.
Finally, a single insider bought 2000 shares at $26 in September, the first buy after endless insider sales. Maybe he was new at the co., as his initial filing was zero. Maybe some of you "know" the chap or recognize him from the Annual Report or Proxy.
thanks and kind regards,
Thomas |
