Stratex Networks, Inc. (STXN) Message Board

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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: Luke who wrote (1186)	10/26/2000 12:11:29 AM
From: Rob Preuss	Read Replies (1) of 1762

Luke, We were down today along with the rest of the market, particularly telecom equipment companies, because Nortel reported revenues that were below expectations. You might remember what happened to us when STXN reported less-than-expected revenue for Q1 FY01... so, not surprisingly, Nortel was creamed today. But Nortel is a huge company... and investors figure that if they come up short in revenue then its likely others will too - so a lot of other stocks (including STXN) dropped in sympathy. But STXN didn't fare so badly relative to others: Nortel was off 30% and Netro was off 15% while STXN was only off 7.5%. Although we might get another down day or two on the market (which is still skittish) during the next month, I think STXN has good support at these levels and I think the market mood will soon turn more positive/bullish once again... so I think this a good chance to pick up some more shares. Rob

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