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Technology Stocks : Foundry Networks, Inc. FDRY -- Ignore unavailable to you. Want to Upgrade?

To: Goldbug Guru who wrote (600)	12/11/1999 11:20:00 PM
From: Goldbug Guru	Respond to of 1225

U.S. Equity Preview: Blockbuster, Foundry, General Dynamics New York, Dec. 10 (Bloomberg) -- The following is a list of companies whose shares may move in U.S. markets Monday, Dec. 13. U.S. Equity Preview includes news that broke after the markets closed. Friday's closing prices are included. The stock symbol is in parentheses after the company name. Bell Atlantic Corp. (BEL): The No. 2 U.S. local telephone company agreed to form a separate affiliate for high-speed Internet service in New York, addressing complaints raised as it seeks to enter the long-distance market. Bell Atlantic fell 1 to 63 1/4. Blockbuster Inc. (BBI): The world's largest home-rental chain, which is majority-owned by Viacom Inc. (VIA), said it's creating three operating divisions that will include retail stores, a unit focused on the company's Internet site as well as various forms of electronic home entertainment delivery, and a marketing unit. Blockbuster rose 1/4 to 15 3/4. First American Financial Corp. (FAF): The largest U.S. real- estate title insurer said it will report a loss in the fourth quarter and the first quarter because of seasonal fluctuations and as higher interest rates cool demand in the real estate market. The company said it plans to buy back as much as 5 percent of its outstanding shares. First American rose 3/8 to 13 1/2. Foundry Networks Inc. (FDRY): The maker of high-speed computer-networking gear said its board approved a plan to split the company's common stock 2 for 1. Shareholders of record at the close of trading on Dec. 20 will receive one new share for each share held. Foundry Networks rose 19 3/4 to 277 3/4. General Dynamics Corp. (GD): The U.S. Navy's top shipbuilder said it won a four-year, $887 million contract to do additional work on the USS Jimmy Carter, a Seawolf-class submarine. The contract is for tactical surveillance, mine warfare operations and advanced technology for naval special warfare on the vessel. General Dynamics rose 1/16 to 50 9/16. Horizon Offshore Inc. (HOFF): The provider of offshore marine construction services said it expects a fourth-quarter loss of $2.8 million to $3.4 million after profit margins were squeezed by weather risks, lower vessel use than expected and customers delaying contracted projects until the summer. Horizon Offshore rose 3/8 to 5 7/8. LNR Property Corp. (LNR): The real estate investment firm with stakes in everything from apartments to mortgage securities said it plans to buy back 3.5 million of its shares, in addition to a 2 million-share repurchase program announced last year. LNR Property rose 5/16 to 17 3/16. Student Loan Corp. (STU): The largest U.S. originator of loans for students said it retained J.P. Morgan Securities Inc. and Arthur Andersen LLP to help the loan company assess an offer made on Oct. 21 by Citigroup Inc. (C) to acquire all the shares it doesn't already own of Student Loan. Student Loan rose 3/16 to 49 13/16. TRW Inc. (TRW): The world's No. 2 independent auto-parts maker said it will take a $50 million charge in the fourth- quarter to discontinue its Cybershield software product, which protects sensitive information on the Internet. The company also said its Material and Resource Control, a warehouse management system product, will no longer be a part of the company's business. TRW rose 15/16 to 53 15/16. Xerox Corp. (XRX): The world's biggest copier maker said fourth-quarter per-share profit could be as much as 40 percent below analysts' estimates, hurt by its sales-force reorganization and competition. Xerox was expected to earn 66 cents a share in the quarter, the average estimate from analysts polled by First Call Corp. Xerox rose 1 1/8 to 24 11/16 in New York Stock Exchange trading.

To: Goldbug Guru who wrote (600)	12/12/1999 9:13:00 AM
From: otter	Read Replies (1) \| Respond to of 1225

I don't have a clue about how high (or how fast). Right now, it's all momentum. Here is what I think I know: FDRY is a niche player in an exploding market. They have a narrow product line, but it satisfies a major need that is also exploding. Short term, company balance sheet condition will be secondary to this. Longer term, I think that unless the company's intention is to be bought by one of the majors (e.g. LU, NT, CSCO), they are going to need to expand the product line. When that point is reached, their products become commodities, and it's time to blow, no matter what the stock price is. Until then, I'm going to "ride the wave", unless...