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Technology Stocks : Alteon WebSystems Inc-(ATON) -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (334)	10/28/1999 3:30:00 PM
From: mact	Respond to of 414

in at 68!...way oversold...agree when MM's quit playing, we will run.

To: Wayners who wrote (334)	10/28/1999 3:31:00 PM
From: Smart Investor	Read Replies (1) \| Respond to of 414

Look at this. ATON will definitely come back after the bastard clear the stop-loss orders of many small investors. "SAN FRANCISCO--(BUSINESS WIRE)--Oct. 27, 1999--Robertson Stephens Managing Director and Senior Communications and Networking Analyst Paul Johnson today reiterated his Buy rating on Alteon Websystems (Nasdaq:ATON - news). Alteon provides Web-data-center-infrastructure solutions that increase the performance, scalability, manageability, availability and control of Web servers and Web-data-center devices such as firewalls and caches. ''We are reiterating our Buy rating on Alteon Websystems,'' said Johnson. ''Alteon reported strong-first quarter 2000 financial results, beating Street consensus estimates for both revenues and earnings-per-share. Revenues of $12.8 million and a net loss of $0.45 compare favorably with our published estimates of $11.3 million and a loss of $0.59 per share, respectively.'' ''In our view, the first quarter was impressive on several measures including: 1. a 62 percent sequential-revenue growth and 150 percent year-over-year revenue growth, 2. an 89 percent sequential and 350 percent year-over-year revenue growth from WebSwitches and 3. the addition of 135 new customers in the quarter.'' said Johnson. ''We are raising our fiscal 1999 and fiscal 2000 earnings-per-share estimates from ($1.01) to ($0.78) and from ($0.16) to ($0.07), reflecting the upside surprise in the quarter and our greater confidence in the company's business model,'' said Johnson. ''We believe that despite its youth, management has done an excellent job of managing its balance sheet.'' Clients interested in receiving more information should contact their salesperson at 415/781-9700. "