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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Doppler who wrote (6641)	3/29/2001 7:10:41 PM
From: Jorj X Mckie	Read Replies (1) of 15481

Well.....I guess this goes to what you were saying. Briefing.com Updated: 29-Mar-01 AFTER THE CLOSE ****** Foundry Networks (FDRY) 7 7/8 -15/32: In 10-K filing, company discloses: "We...continue to receive a lower than anticipated amount of product orders for the first quarter of 2001 as a result of decreased or delayed capital spending by existing and prospective customers and the slowing U.S. economy. Due to a number of factors which are discussed in more detail below, we expect our selling prices and gross margins to decrease as a result of our increased efforts to compete aggressively and maintain sales levels. As a result, we may not be able to sustain or increase profitability on a quarterly or annual basis in the future."

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