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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: pass pass who wrote (1038)8/24/2000 2:53:07 PM
From: Rob Preuss  Read Replies (1) of 1762
 
[STXN up 19 percent. Target: $54. Parts shortage abating.]

Thursday, August 24, 2000

STXN up 19 percent

--2:47 pm - By Chris Kraeuter

DMC Stratex Networks (STXN: news, msgs) are up 19 percent
following a reiteration of "strong buy-agressive" and a $54
price target by Dain Rauscher Wessels. Analyst Michael Brown
said radio supply constraints are abating and past shortfalls
in component supplies will be avoided in the future. DMC
supplies broadband and ultra-high capacity radio systems. DMC
shares are up 3 7/8 to 24 13/16 on volume of 2.8 million
shares.

Source:

www2.marketwatch.com
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