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Technology Stocks : NexCen Brands, Inc.

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To: mact who wrote (218)10/17/2000 1:08:55 PM
From: Raymond Duray  Read Replies (1) of 295
 
Hi mact,

I don't know how the market feels about wireless wunderkind at the moment. But I did see something astonishing crossing the tape today. NVLS reported an increase in net income of nearly 300% YoY and they get taken apart. This market is in a foul mood, as far as I can see. Only a few select stocks have been rewarded for earnings, like JNPR or PMCS. Other than that, it's grim.

If you want my opinion, and I have no reason to believe you do, it is that the notion that 75 is a support level is wishful thinking. They were saying the same thing about ICGE a while back.

Re: agree that their losses are abit susupect
I'm not so concerned about the losses as I am about the pathetic revenue trend. :)

Best, Ray
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