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Technology Stocks : ANTEC Corp. (ANTC)
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To: Sam Citron who wrote (545)3/27/2000 7:55:00 AM
From: MikeM54321  Read Replies (1) of 847
 
"His fence-mending was, unfortunately, for naught. Three weeks ago, he was on the phone with analysts and investors..."

Sam- I read your Barron's comment and was very surprised. This was never public three weeks ago. In some ways the media ignored it. Obviously the analysts already had their position and didn't want to tank ANTC further or they would have run to the media to publicize this mis-step. Even the chatter on Yahoo missed this announcement. But it clearly explains the real reason for ANTC taking a hit during the midst of the upgrades. And apparently a lot of the houses let their clients know about the shortfall too.

Ironically Warburg upped the target about the same time Stanzione was reducing top line expectations. So they certainly got caught on the wrong side of that call. I like it when that happens.<g> -MikeM(From Florida)
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