This is my take from a quick look. I am trying to get through a couple of conference calls tonight so my time is limited. The SCMR call at 76 minutes is a long one!
On the suface it looks good:
Nice oversold bounce being put in on the 60 minute chart:
siliconinvestor.com
50, 100, 200 day EMA converging indicating the stock has properly based. Sitting on the lower 20 day BB.
207.61.23.98
Most of the buying in the last 6 months is at the $40 level so it there should be perceived value at this level:
cnetinvestor.com
Fundamental Price targets: of $46 based on 2000 EPS and $114 based on 2001 EPS.
siliconinvestor.com
Nice history of beating estimates the last 5 Q's:
biz.yahoo.com
It shound get a good run after Robertson Stephens Conference:
September 6 – 8, 2000 Robertson Stephens
Internet Conference: The Next Generation
The Ritz-Carlton Hotel, San Francisco, CA
Alan Lefkof, CEO and Jim Clark, CFO
netopia.com
BUT This stock has been selling off since the 10Q was filed last week, the NXTV fall out just added fuel to the fire though it appear NTPA has no contracts with US West or Q. Something is in the 10Q the street does not like. I only got part of the way through but if I had to guess it is the declining gross margins."
So resistance at 46. Weak support at 37. Strong support at 34.
10 K data:
freeedgar.com
"Gross Margin. Our total gross margin decreased to 48.3% in the nine months ended June 30, 2000 from 63.8% in the nine months ended June 30, 1999. The decrease was primarily due to:
. Increased sales of our Internet equipment, particularly our DSL routers, which have a lower gross margin than our Web platform products; and
. Increased costs of flash memory chips, capacitors and other components used in our DSL routers. These decreases were partially offset by:
. Increased volume license sales of our Web platform products; and
. Declining average costs of our Internet equipment.
In the past, our gross margin has varied significantly and will likely vary significantly in the future.
Our gross margins depend primarily on:
. The mix of hardware and software products sold;
. Pricing strategies;
. Standard cost changes;
. New versions of existing products; and
. External market factors, including, but not limited to, price competition."
Resistance at 46. Weak support at 37. Strong support at 34.
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