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Technology Stocks : ANTEC Corp. (ANTC) -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (469)	11/20/1999 4:44:00 PM
From: PaperChase	Read Replies (1) \| Respond to of 847

FYI on gross margins from their 10Q. "The decreased gross profit percentage for the three and nine-month periods is largely a result of the increase in Cornerstone voice and data sales, which carry a lower than average gross margin. ANTEC has exclusive domestic distribution rights for both the Cornerstone voice and data products to the cable multiple system operators. This agreement affords ANTEC distribution type margins traditionally in the 15% range. As Cornerstone voice and data product sales become a larger percentage of the Company's overall volume, the Company's consolidated gross profit percentage is expected to decrease toward that lower margin range." I bought back my covered call at $51 and sold the underlying stock at $57.50 yesterday. Certainly a nice 3 day play :-) I've liquidated most of my tech stocks during this mad run up in the tech sector. I'll be back if/when we get a panic day in the market. C'mon Y2K! Good luck, it looks like the market ignored the potentially negative AT&T provisioning news.