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

To: otter who wrote (602)	12/12/1999 2:11:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 1225

Don't worry - new products are coming (10 gigabit/copper) which should blow the cover off the ball IMO. FDRY is gathering 80% of the business when it goes head to head with CSCO in bidding for ISP upgrades. In other words, they are kicking CSCO's ass in this particular segment of networking. If you recall, I believe LU paid about $22B for ASND last year and that was for older technology that is being replaced. From what I understand, FDRY could generate approximately $500M to $1B in revenues per year by 2001-2002. That should give it a market cap of about $25-30B minimum, based on the way things are currently valued in the stock market. Again, FDRY has to continue to deliver the growth, revenues, and earnings. Any slip-ups, and you know the story - a falling knife. jmanvegas