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Non-Tech : Invest / LTD

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To: drsvelte who wrote (12578)	3/21/2000 7:07:00 PM
From: The Ox	Read Replies (1) of 14427

3 dips today for me. After CNXT and VTSS, I added TXCC at 87 and change. While I totally agree the CNXT charts look awful, I still like the price too much to pass on it here. While I can't guess where the final bottom will be put in, I am confident enough in the company's ability to execute that I'll ride out this position through earnings or the next 'negative' announcement, whichever comes first. The stock is back to December levels. The price exploded after January earnings release and I suspect we will see the same type of move in April. Price to sales about 1/2 that of TQNT and about 1/4 that of TXCC, VTSS and RFMD. Company was growing revenues in the 70% range.....I can wait this one out and will add more at lower levels, if allowed. I'm not sure I agree with the analyst who has a 180 target but certainly the low 100s is a reasonable expectation. I'd like to see other's views if anyone cares to share. JMO, Michael

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