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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: jimschill who wrote (73111)	11/23/1999 7:15:00 PM
From: kendall harmon	Respond to of 120523

EXTR still more, now from Dow Jones <<In a research note, Morgan Stanley Dean Witter analysts Chris DePuy and George Kelly expressed their concerns for Extreme Networks' calendar fourth quarter with an expectation of "less upside" for the period than in prior quarters. "It appears the quarter will be more back-end loaded than in prior quarters, and we would expect Days Sales Outstanding to be towards the higher end of the company's 45-49 day range, from 43 in the September quarter," the analysts wrote. However, DePuy and Kelly believe the December quarter is a transition leading to stronger orders for products available for shipment in the first quarter of 2000, and new products and channels throughout 2000. As a result, Morgan Stanley is maintaining its outperform rating on the network-switching-systems company. Additionally, the analysts are not altering their estimates for the calendar fourth quarter - which is Extreme's second fiscal quarter - and for 2000. They expect the company to earn nine cents a share in the calendar fourth quarter on sales of $52.6 million.>>