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Technology Stocks : Equinox Systems (EQNX)

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To: Christopher Brainard who wrote (753)12/10/1999 8:38:00 AM
From: WTSherman  Read Replies (2) of 765
 
I think that EQNX @ $7.5 is a great opportunity. The fact that their sales have been hurt by Y2K is no surprise. The only surprise is that management didn't warn in their last Q report that this should be expected. With the plethora of corporate IT "lockdowns", there just aren't many new servers or systems being installed this quarter. Its hurting IBM, CPQ and many others. I really wouldn't include this incident as a "disappointment". It was inevitable, management was probably hoping that it wouldn't happen and was probably going on predictions from the sales channel that good business was in the pipeline.

Prediction: EQNX is back at $12 by the end of Feb.
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