To: New Economy who wrote (12289 ) 7/15/1999 9:30:00 AM From: pat mudge Read Replies (1) | Respond to of 18016
New -- I spoke with two fund managers from Toronto and they both said this week's stock action was suspicious at best. Neither seemed worried. "Another buying op. . ." A couple side notes: * From today's ANDREW Corp earnings report:The 23% increase in orders compared to the preceding quarter was driven by the wireless infrastructure market in the United States. The company's first major LMDS (Local Multipoint Distribution Services) antenna order of $1.6 million was a part of the incremental order activity. LMDS is an emerging millimeter wave service designed to provide high speed internet access and two-way, broadband, wireless transmission of data, voice, and video. Large orders for equipment buildings, cable and other products for use in specialized mobile radio applications totaled over $18 million. Orders were received for over $3 million worth of equipment buildings to be used in Internet fiber optic networks. Brazil led the order strength in South America with three large terrestrial microwave and cable orders exceeding $1.0 million each. These Andrew products are used in wireless infrastructure and long distance backbone networks to support the traffic generated by Brazil's expanding cellular networks. In the Asia Pacific region, quarterly orders grew 100% sequentially with six large wireless infrastructure orders booked for cellular site construction in China, Japan, and Taiwan that totaled $11.5 million. * Spoke with Northchurch yesterday. (Original funding came from NN and Celtic House.) Their products aggregate traffic at the edge and are designed to work with Cisco's, allowing anyone to move from Cisco's gear onto Carrier Grade products like NN's. * George Gilder was asked his opinion on ATM, having pronounced it dead a year earlier, and he said it plays a critical role --- a complete turnaround. * No one, and I repeat, no one is talking an all-IP network. Even Cisco had piles of brochures sitting on the registration areas entitled, "IP + ATM --- A Gateway to the New World." Gilder and Chambers, welcome to the Real World. :) Pat