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Technology Stocks : Turnstone Systems, Inc. (TSTN)

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To: Mark Streich who wrote (37)7/20/2000 12:44:45 AM
From: Mark[ox5]  Read Replies (1) of 64
 
Very very very impressed with the numbers TSTN put up today.

78% sequential revenue growth to $44.1 mil

Gross margins dipped slightly from 62% last Q to 58% this Q, but Im betting they had to aquire raw product at higher costs than usual to satisfy customer demand.

And hey, believe it or not it's profitable.

Will be interesting to see how the stock reacts tommorow... someone is obviously buying it if not SI readers judging from past 6 weeks. Its sitting right at 50 day moving average...

Now if this were 4 months ago it would open tommorow at $200+ based on 2 for 1 split and blowout revenue figures. This stock definately trades in huge swings, so the split hopefully will smooth it out a little bit I hope!

Mark
Appiness.com - Technology Stock Investing
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