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

To: Rob Preuss who wrote (773)	10/19/1999 6:05:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

Merrill Lynch modestly lowers their FY00 and FY01 estimates, maintains their "Long Term Accumulate" rating... Analysts: Timothy Long & Michael E. Ching Date: 19 October 1999 Selected quotations... "Altium remains the key product that will help the company diversify from the cellular market. The long-term outlook for this new product continues to improve." "Digital Microwave is also pursuing new relationships to accelerate the deployment of Altium. The company announced an expansion of an existing Original Equipment Manufacturer (OEM) relationship that could represent up to $110 million in revenues over the next three years. We believe this represents a 70-80% increase in unit shipments from this customer. Management indicated that it could also sign a similar agreement with another OEM in the next several months, which would represent a quadrupling of unit shipments." "Demand for Altium should lead to a 23% increase in revenues to $360 million in fiscal 2001. Furthermore, the higher percentage of Altium and other new products should lead to a five-point improvement in gross margins."