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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (11711)	7/15/1999 11:48:00 AM
From: Kimberly Lee	Read Replies (3) \| Respond to of 108040

thanks, Gary. bought both STRX and VRGN, looking great. More about EFNT per Briefing:Efficient Networks (EFNT) N/A: designer of high-speed digital subscriber line equipment prices 4 mln share IPO at $15 per share, the top of the upwardly revised range; CS First Boston serving as lead underwriter of the deal..... 14-Jul-99 13:30 ET Efficient Networks (EFNT) : Broadband... DSL.. Cisco... This is about all the information needed to determine if Efficient Networks will be a successful IPO. Few of the traders who bid this stock up on its debut will take the time to dig into the company's financials or ask questions about margin projections or competitive outlook. The fact that EFNT competes in the hot digital subscriber line market will be enough to make the stock a priority "investment" candidate... The Business: Efficient Networks designs high-speed digital subscriber line customer premises equipment for the broadband access market. The company's systems have been deployed by leading telecommunications services company's such as BellSouth, Covad Communications, Hong Kong Telecom. In this space, EFNT competes with publicly traded companies Systems (CSCO), 3Com Corp. (COMS) and Netopia (NTPA)... This morning, lead underwriter CS First Boston raised the pricing range on the deal from $10-$12 to $13-$15. Assuming a $15 pricing, EFNT would have a trailing Price/Sales ratio of 69 and a market-cap of $540 mln... Financials: For the 9-months ended March 31, the company lost $14.1 mln (compared to yr-ago loss of $5.8 mln) and logged revenues of $7.14 mln (up 164% from the 1998 period). In the first nine months, Covad Communications and Lucent Technologies accounted for 19.6% and 10.2% of EFNT's net revenues. Several of company's strategic partners hold equity stakes, including Texas Instruments (11.6%) Siemens AG (10.3%) and ADC Telecommunication (5.9%). -DS Search Complete