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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (10277)	10/14/1999 5:29:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

The following is a recent piece I did for I-exchange. CNXT is one of the pure plays in the telecommunication and broadband technology boom by being the designer and manufacturer of the IC's that go inside. It has consolidated in the $70-$80 range within the past month after a strong run since its stock went public. As of 10/14, it has also successfully held support at $70 multiple times within this recent trading channel. With the recent selloff in the high tech, in particular the high flying semi stocks, the premium placed on CNXT in anticipation of yet another great quarter (to be announced 10/20) is now almost priced out as of the close of 10/13 at 70 13/16. Without the recent selloff, CNXT should be trading 10-15% higher in the upper end of the trading range of the past month. CNXT is much better insulated from issues arising from the recent Taiwanese quake than some of its peers and analysts have been very upbeat about CNXT leading up to the 10/20 earning. The CNXT story is just beginning and many see 1999 as year one of a five year cycle. Therefore, CNXT is a conservative short term pick to have a one week return of 10-15%.