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Technology Stocks : Stratex Networks, Inc. (STXN)
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To: Czechsinthemail who wrote (1630)1/30/2006 11:02:24 PM
From: The Ox  Read Replies (1) of 1762
 
Memory Lane:

I would have liked to see the company come out and defend the stock with a buy back announcement. Certainly, if the future is as positive as the CEO is trying to paint in the press release, then they should start buying back the stock.

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 respectfully disagree. I think the company has to look at what's best for their long term survival. They had over $50 million in cash as of the last report and using $10 million or so to buy back distressed stock would not be a bad idea, imo.

That $10 million buy would be worth over $30 in today's market place....oh well! :)
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