[Kevin Landis' Firsthand Funds - STXN Investment History]
Firsthand Funds: Holdings of STXN
Source: <http://www.firsthandfunds.com/>
Thousands of shares of STXN held on the last day of the month.
(Monthly high/low from SI historical price data.)
Fund e-Commer Communic TechInno TechLead TechValu GlobalTe TOTAL Increase MonthLow MonthHig
Nov’00 0.0 634.6 1136.0 0.0 5667.0 0.0 7437.6 0.0 12.875 24.750
Oct’00 0.0 634.6 1136.0 0.0 5667.0 0.0 7437.6 0.0 15.000 26.437
Sep’00 0.0 634.6 1136.0 0.0 5667.0 0.0 7437.6 0.0 14.375 28.000
Aug’00 0.0 634.6 1136.0 0.0 5667.0 --- 7437.6 0.0 19.125 27.375
Jul’00 0.0 634.6 1136.0 0.0 5667.0 --- 7437.6 -200.0 25.437 43.000
Jun’00 0.0 634.6 1336.0 0.0 5667.0 --- 7637.6 0.0 27.812 41.000
May’00 0.0 634.6 1336.0 0.0 5667.0 --- 7637.6 0.0 23.125 37.188
Apr’00 0.0 634.6 1336.0 0.0 5667.0 --- 7637.6 1000.0 22.000 38.813
Mar’00 0.0 634.6 1336.0 0.0 4667.0 --- 6637.6 2195.0 31.000 48.500
Feb’00 0.0 634.6 1336.0 0.0 2472.0 --- 4442.6 646.6 30.500 40.875
Jan’00 0.0 238.0 1336.0 0.0 2222.0 --- 3796.0 502.5 20.000 42.250
Dec’99 0.0 138.0 1206.5 0.0 1949.0 --- 3293.5 1043.5 15.312 25.813
Nov’99 0.0 0.0 892.0 0.0 1358.0 --- 2250.0 1522.5 12.812 18.125
Oct’99 0.0 0.0 387.5 0.0 340.0 --- 727.5 277.5 11.875 18.125
Sep’99 0.0 0.0 225.0 0.0 225.0 --- 450.0 450.0 13.000 16.250
Aug’99 0.0 0.0 0.0 0.0 0.0 --- 0.0 10.500 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. |
