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Technology Stocks : TranSwitch Corp: Will they get Zenith Business?
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To: danofthebes who wrote (521)11/7/2000 11:49:34 AM
From: The Ox  Read Replies (2) of 669
 
Thanks, I'm sure that has a lot to do with the TXCC action today....should have put 2 and 2 together myself.

I didn't think that the % of business TXCC did with CSCO would cause this type of drop, especially in light of CSCO's forward guidance. I guess the market knows better than I do.<g>

I would have thought the opposite reaction on the stock. Verification of the incredible growth this industry has been showing. Targets for revenue growth for SUNW and CSCO were in the 30% ranges and they both blew away the numbers this year, almost doubled expectations. Both companies have increased expectations for next year and are leading the charge to buildout the internet. If we can believe the numbers I recently saw from IBM that the buildout is only 3% complete, we have a long road ahead for all these companies.

Thanks again,
Michael
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