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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Kent Rattey who wrote (46619)	10/30/1999 2:52:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

OT As far as we are talking about other wonderful stocks this weekend, may I make a suggestion or recommendation of a company one should really take a very close look at - Foundry Networks (FDRY). If the Qheads will allow me this Saturday with this OT stuff, I have been personally loading up bigtime on FDRY over the last 2 weeks at what I hope and believe are incredible prices, but in my most humble opinion, I believe that FDRY is the best broadband infrastructure play out there right now. For those on this Q thread that don't know much about FDRY, let me give you a few of the facts that I know of but please do your own DD as this is one volatile stock - yesterday opened 188-190, went down to 173 intraday, then closed up 8 points at 189. 1)was the 1st or 2nd most successful IPO ever - came public about 1 month ago 2)just announced its 1st earnings as a public company this Thursday - quarterly revenues of $39M, net of $7.2M 3)growth 865% YOY, 62% sequentially 4)growth to be about 120-160%/year for the next 2 years 5)winning 80% of the next generation networking equipment bids from CSCO. There are other competitors - FDRY is the king right now and we may even discuss them as a gorilla candidate in the next few years or sooner 6)incredible technology - now has gigabit/copper in all its product lines, coming soon 10 gigabit/copper. Lowest cost provider of next generation switches/routers - will compete head to head with fiber at a much lower cost - essentially nobody has to install expensive cable or rewire to get high speed broadband 7)300-400 major new customers every quarter - over 1200 customers right now including AOL, Mindspring, The US Armed Forces, 56 major universities, and I can't even keep up. 8)Company projected to do over $100M/quarter by next year based on its sequential growth 9)Partnering with MSFT in next-generation video broadcasting - testing starting today I believe These are just some highlights - go to FoundreyNetworks.com to start your own DD. I've been a holder of JDSU long before it was JDSU - I owned UNPH well before the merger with JDS Fitel - I believe in JDSU as many on this thread and it has been an incredible journey so far. I believe the journey in FDRY will be as explosive or more so than JDSU or the mighty Q. Again - it is a stock not for the faint of heart - but JPM, one of the underwriters along with Merrill and DB Alex Brown, put out a target of $225-230. I believe we will see that relatively soon and surpass that easily. My 18 month target is $320-350 and we could easily see $400+. Have a great weekend all Qheads as I'm a devout Qhead to begin with. jmanvegas