[Kevin Landis' Firsthand Funds - STXN Investment History (Open WIDE for viewing.)]
Firsthand Funds: Holdings of STXN
Source: <http://www.firsthandfunds.com/>
(Open Wide For Optimal Viewing)
Thousands of shares of STXN held on the last day of the month.
Fund Nov’00 Oct'00 Sep'00 Aug'00 Jul'00 Jun'00 May'00 Apr'00 Mar'00 Feb'00 Jan'00 Dec'99 Nov'99 Oct'99 Sep'99 Aug'99
============== ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= =======
e-Commerce 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 --- ---
Communications 634.6 634.6 634.6 634.6 634.6 634.6 634.6 634.6 634.6 634.6 238.0 138.0 0.0 0.0 --- ---
TechInnovators 1136.0 1136.0 1136.0 1136.0 1136.0 1336.0 1336.0 1336.0 1336.0 1336.0 1336.0 1206.5 892.0 387.5 225.0 0.0
TechLeaders 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TechValue 5667.0 5667.0 5667.0 5667.0 5667.0 5667.0 5667.0 5667.0 4667.0 2472.0 2222.0 1949.0 1358.0 340.0 225.0 0.0
GlobalTech 0.0 0.0 --- --- --- --- --- --- --- --- --- --- --- --- --- ---
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TOTALS 7437.6 7437.6 7437.6 7437.6 7437.6 7637.6 7637.6 7637.6 6637.6 4442.6 3796.0 3293.5 2250.0 727.5 450.0 0.0
Increase 0.0 0.0 0.0 0.0 -200.0 0.0 0.0 1000.0 2195.0 646.6 502.5 1043.5 1522.5 277.5 450.0
STXN Monthly Share Price History (from SI historical price data)
Low 12.875 15.000 14.375 19.125 25.437 27.812 23.125 22.000 31.000 30.500 20.000 15.312 12.812 11.875 13.000 10.500
High 24.750 26.437 28.000 27.375 43.000 41.000 37.188 38.813 48.500 40.875 42.250 25.813 18.125 18.125 16.250 15.000
Landis’ Weighted Average Share Price
Assuming he bought all shares at monthly lows: $21.531
Assuming he bought all shares at monthly high: $34.016
Market Commentary on 12/29/00
<http://www.firsthandfunds.com/news/2000-12-29_market_commentary.html>
Excerpt:
The demand for high capacity, high-speed Internet connections continues to grow. The bottleneck here is
in the metro market and the home market, both of which are price and cost sensitive. Long-haul
infrastructure has been put in place across the country, but the race to see who will provide the solution to
bridge the "last mile" is in the first leg. Digging up streets and laying fiber underneath city blocks remains
an expensive, time-consuming proposition. Thus, we believe the solution lies in the fixed wireless area.
This relatively cost effective solution will allow entire buildings to become "wired" in a manner of weeks.
Landis’ description of STXN:
<http://www.firsthandfunds.com/apps/portfolio/toptenprofiles.taf?fund=tcf>
DMC Stratex Networks, Inc. (STXN) formerly Digital Microwave Corporation (DMIC), provides digital microwave
radios for use in wireless communications networks. The company's customers include wireless telephone
service providers and network equipment manufacturers, including BellSouth PCS, Winstar, Nortel, Motorola,
and Siemens. The wireless communications industry is more than just cellular phones. It now includes
companies, such as Winstar and Teligent, which provide wireless access to high-speed data networks.
In the future, wireless technologies will be used to deploy basic communications infrastructure in
developing nations such as China and India. As one of the emerging leaders in providing microwave radios,
we believe that DMC Stratex Networks has tremendous potential for growth. |
