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Technology Stocks : Stratex Networks, Inc. (STXN)
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To: The Ox who wrote (1629)4/15/2005 12:27:58 AM
From: Czechsinthemail  Read Replies (5) of 1762
 
I don't think STXN has sufficient free cash to pursue a share buyback. But certainly some open market buying by insiders would be nice to see.

My view has been that the Mar Q is less important than the company's progress with the Eclipse line. In that regard, paying too much attention to the shortfall in legacy product sales misses the main event. The big question is how big will the market for Eclipse be and how fast will it develop. That is really the key to STXN's fortunes, and it is a story that will be unfolding throughout the year. Today's announcement didn't give much detail about Eclipse, except to say that orders were strong and it is progressing as anticipated. That it is the only reason to assume the company will reach profitability this year, and it is good to hear management say they are on target to reach it later in the year.

I picked up a few more shares in the aftermarket sell off, and I hope to be able to pick up more if there is a sufficiently negative reaction to the news announcement tomorrow.
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