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Technology Stocks : Stratex Networks, Inc. (STXN) -- Ignore unavailable to you. Want to Upgrade?


To: Rob Preuss who wrote (734)9/14/1999 3:46:00 PM
From: Dan B.  Read Replies (2) | Respond to of 1762
 
A look at today's intraday chart shows that a sharp rise shortly after 2 PM was probably caused by the release of the following news right about then.

siliconinvestor.com

"NEXTLINK Communications, Inc. (Nasdaq: NXLK), one of
the nation's fastest growing providers of broadband communications services, announced today that it has started field testing
its broadband wireless technology in the Los Angeles area.

During field testing, NEXTLINK will use broadband fixed wireless equipment from Ericsson Inc. (Nasdaq: ERICY),
SpectraPoint Wireless, Wavtrace Inc. and Digital Microwave Corporation (Nasdaq: DMIC). Wireless point-to-multipoint and
point-to-point equipment from these vendors is being tested in several environments to demonstrate fixed wireless integration
for extremely efficient use of the NEXTLINK wireless spectrum and fiber facilities. NEXTLINK has been testing broadband
wireless equipment in its multi-million dollar research lab in Plano, Texas for the past year. ..."

So, DMIC is in the running for business with the license holder of the most wireless territory in the US, a very serious customer. Thought you'd like to know.

Dan B