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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: Rob Preuss who wrote (1155)10/18/2000 4:08:41 PM
From: Czechsinthemail  Read Replies (1) of 1762
 
More on Needham upgrade [from Briefing.com]:

DMC Stratex (STXN) 21 5/16 +2 11/16: Needham & Co upgrades to STRONG BUY from BUY; lowers price target to $38 from $50. Upgraded based on revenue upside; firm says progress with company’s suppliers was evidenced by slightly improved linearity; geographic bookings trend demonstrated positive move away from North America (CLECs) and towards more diversified international base.
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