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Technology Stocks : copper mountain CMTN

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To: Rarebird who wrote (883)9/20/2000 1:03:42 PM
From: Rusty Johnson  Read Replies (2) of 1226
 
Briefing.com on CMTN ...

Trader's Edge: Earnings Season Growth/Value Plays
20-Sep-00 11:30 ET

Blood letting in the tech sector has simply served to reduce valuations from absurd to obscene. In a few cases, however, the recent selling seems to have produced real value -- the kind that in a few cases even a Warren Buffett could appreciate. Price action in these stocks suggests that investors are bracing for an earnings shortfall or an indication by the companies that growth is slowing. The result is that many potential buyers have decided to stand on the sideline until the companies have proven that their stories remain intact. This is why we are looking for a strong post-earnings rally in a number of devastated growth names that now find themselves in the bargain bin of the tech world.

Copper Mountain Networks (CMTN)

Description: Manufacturer of Digital Subscriber Line (DSL) communications products to telecommunications service providers.
Projected EPS: 2000= $0.98; 2001= $1.37 (40%)
P/E Ratio: 2000= 46; 2001= 33
PEG Ratio: 0.82
52-Week Range: $35 1/4 to $125 11/16
Analyst Ranking: Strong Buy (3), Buy (6), Hold (1)
Earnings Upside: April period: 82%; July period: 9%
Price Reaction to Earnings: April period: 15%; July period: -24%
Tentative Release Date: Oct. 16 (after the close)
Efficient Networks (EFNT)


Best of luck.
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