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Technology Stocks : ANTEC Corp. (ANTC)
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To: PaperChase who wrote (517)12/30/1999 5:14:00 PM
From: Sam Citron   of 847
 
this earnings fiasco during the best of times is the direct result of poor management

My interpretation is that this is just a routine hiccup associated with new product transition. The real world sometimes deviates from those nice smooth curves forecast by analysts, especially in high growth markets.

I call it a buying opportunity. Here's why:

The new CEO indicated in the CC that the new 22 amp power supply cannibalized demand for the ucf product and that there were some delays on customer side in getting the new product qualified. Also they lost some high margin HDT installs as the business shifted dramatically toward voiceports in December, as T began installing cable telephony product on the customer premises. The HDT business should come back as T further expands the footprint in the beginning of Y2000.

Even more important looking forward is that ANTC has cleaned house and faces the year strategically positioned to face high growth markets.

I disagree with your premise that these are the best of times for ANTC's industry. I see the best of times ahead of ANTC, as yesterday's HFC buildout is just beginning to deliver a cable telephony payload.

Don't be spooked by the quarterly miss, or you will trip on the pennies instead of picking up the dollars.
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