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Technology Stocks : NTRG - Netergy Networks (formerly 8x8, Inc.)
EGHT 2.005+0.5%10:38 AM EST
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To: Dan Hamilton who wrote (40)10/31/2000 2:59:59 PM
From: pirate_200  Read Replies (1) of 53
 
> Well I guess the market didn't much like what it
> saw in the results. Down 26%.

I think people were holding out for the conference call
to see if there would be an announcement about a new
contract etc. that was being held. When it turned out
that there wasn't any new, news, those that want to do
tax loss selling are taking advantage of the current
time period.

> Also, WR Hambrecht cuts 12-month price target to
> $10 from $20, but reiterates buy recommendation

Yup. The positive future remains. The problem has
been the time lag getting products into trials and
out into production. It looks like the thing to
watch is chip revenue because that is the first
thing to get to commercial production.
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