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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: drsvelte who wrote (28512)9/27/2000 5:28:33 PM
From: drsvelte  Read Replies (1) of 68086
 
Copper Mountain (CMTN) 38 5/8 -10 5/8: Stock took a beating today; trading floor rumors circulating are that LU (28 5/8 -1 7/8) will be lowering expectations on DSL business as they transition to a new product; CMTN competes directly with LU; other issue is that ALA has been consistently talking of weakening pricing in DSL; third rumor is that CSCO has been bundling products, basically giving away for free.

Globespan Semi (GSPN) 117 1/2 -17 59/64: SG Cowen comments that stock is off today on speculation that LU has cancelled orders. Brokerage says they spoke with the company and GSPN assures that net orders from LU for the month and for quarter are ahead of plan. GSPN has no concerns re their LU business. DSL deliveries are also running ahead of plan. For the 3Q, brokerage estimates $91mm in sales, and expect GSPN to come in higher. Brokerage rates stock BUY.
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