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Technology Stocks : ANDW -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (776)	6/28/1999 3:35:00 PM
From: ekimaa	Read Replies (2) \| Respond to of 857

Pat and all, Here's the "meat" of the article. Nothing really new---just affirmation!!! Mike ================================================================= Introduction America's Favorite Stocks The Six Best Bargains WIRELESS' WIRER ANDREW CORP. (ANDW) Previous \| Next Share price $16; Mkt. cap $1.3 billion Two years ago this stock offered a 20/20 vision: 20 consecutive quarters of 20% growth. Andrew, the world's third largest seller of specialized high-end coaxial cables for satellite and wireless network transmission towers, was riding a boom in telecom spending. But demand plummeted last year. Hot growth markets in Asia and Brazil cooled off just as U.S. carriers were choosing to spend their capital budgets to build digital networks, not towers. "The trends weren't playing to Andrew's strengths," says Standard & Poor's analyst Mark Cavallone. Trading as high as $30 in early 1998, the stock dipped to $10 last September after a year without earnings growth. Profits last quarter fell 67% compared with a year ago, and they're not expected to recover in 1999. At a recent $16, the stock is 30% below its 52-week high of $23. But analysts expect U.S. cellular carriers to start putting up towers again next year as the industry expands into the country's mid-section and one-rate plans push up demand. With plants in China, Europe and India, Andrew is positioned for global growth too. Within 10 years, 15% of the world's population will be wired, up from 3% now. Analysts expect Andrew's earnings to rebound 26% to 95 [cents] a share next year; sales should rise 13%. Its P/E of 21 makes Andrew look like an inexpensive way to invest in the next generation of communications. Next: Footwear, not fashion -------------------------------------------------------------------------------- The six best bargains 1. Compaq 2. Oracle 3. American Power 4. T. Electron 5. Andrew 6. Wolverine

To: pat mudge who wrote (776)	6/28/1999 9:34:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 857

Pat, I think the ability to deploy the equipment fast enough is the issue right now. PRMS announced a miss in earnings this Q, partially due to LU not being able to deploy equipment fast enough in Saudi Arabia. NT is under the gun to delivery to Telestra, but has a hiring freeze on in the wireless division due to poor margins, but is actually short of firmware engineers I believe. Demand appears to be high, but the ability to deploy the equipment is a issue. That might make for a very non-linear Q as ANDW's products are ordered in the later parts of the deployment. Harry