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Technology Stocks : Stratex Networks, Inc. (STXN) -- Ignore unavailable to you. Want to Upgrade?


To: Neil H who wrote (937)5/25/2000 7:32:00 PM
From: Rob Preuss  Respond to of 1762
 
Margin Blues...

DMIC has been my favorite for a long time and it still
is... it closed today at $24, down 2+1/2... no news,
no debt, great products, great management, superb future
prospects... the only reason we're down 50% from the
high of $48/sh we reached in early March is that the
Fed has raised interest rates and the whole market is
off... okay, maybe $48/sh was overpriced at the time...
but I truely believe this will grow back there in time.

Look at DMIC's competitor, PCMS... their high was
about $28/sh and now its flirting with $5/sh, so
they're down about 80% from the high... that's
because PCMS is a weaker company - the one good
thing they have going for them is their P-MP product
and that's seeing a lot of competition from Ensemble
(which DMIC is partnered with) and NTRO among others.

Look at NTRO too... they're trading at about $26/sh,
off 75% from their early March high of well-over $100/sh.
NTRO has a few good alliances to help sell their P-MP
product but that's the only product they have... no
product diversification... and Ensemble is poised to
leapfrog them this Summer while DMIC's product development
team will leapfrog Ensemble next Spring... in the interim,
DMIC's P-P products are still in demand and selling VERY well.

Okay, one more company to compare DMIC with is ADAP
(formerly known as CMIC)... they too traded at over
$100/sh in early March and are now trading at less
than $20/sh... off over 80% from the high.

What's my point? DMIC is off 50% and, while that may
seem like a lot (well, it *is* a lot), its competitors
are off 80% and that's a lot more... everything is
down in this market... there's nowhere to hide.
Markets change... they'll re-evaluate these stocks
and they'll all rise... for my money, DMIC is
stronger (in terms of its balance sheet financials
as well as in terms of its technology, product
portfolio, and customer base) than these others,
so I expect DMIC will rise farther, faster, and
sooner than these competitors when the market
does finally turn around and head north again.

In the interim, I'll keep singing those margin blues
while I struggle to keep my portfolio intact.



To: Neil H who wrote (937)6/5/2000 10:36:00 AM
From: Rob Preuss  Respond to of 1762
 
[38 Ghz Altium meets ETSI standards for European market.]

Monday June 5, 7:59 am Eastern Time

Company Press Release

SOURCE: Digital Microwave Corporation

Digital Microwave Completes 155-Mbps Fixed Wireless Access
Rollout With European Availability of Altium 38-GHz Radio

Already Successfully Deployed in the U.S., First Wireless
Solution of Its Kind At 38-GHz Addresses Rapidly Growing
Broadband Access Market in Europe

ATLANTA, June 5 /PRNewswire/ -- Digital Microwave Corporation
(Nasdaq: DMIC - news), one of the world's foremost solutions
providers for broadband wireless access, today announced that
its award-winning Altium(TM) broadband fixed wireless access
products now conform to European telecommunications standards
for 155-Mbps wireless solutions in the high-capacity 38-GHz
radio frequency band. The wireless products have passed the
European Telecommunications Standards Institute (ETSI)
qualification tests, enabling shipments to begin to European
customers and other markets where the ETSI regulations are
observed.

Digital Microwave (DMC), which will change its company name
to DMC Stratex Networks in August, is an independent wireless
solutions provider with a leading market share in the
broadband fixed wireless access and mobile wireless solutions
markets. The industry-leading Altium and DMC's other wireless
access solutions will be on display at Supercomm in its booth
No. 6645 during the show this week.

Already deployed throughout the U.S., and now available in
Europe, the 38-GHz Altium one-of-a-kind solution is designed
to meet the most stringent requirements of ultra-high-speed
wireless access networks. Altium is the highest-speed, most
spectrally efficient wireless access solution shipping today.
It uses 128 QAM modulation to deliver 155-Mbps wireless
fiber-like capacity in only 28-MHz of radio frequency
bandwidth, half that of other available wireless products.
This efficiency allows wireless-based service providers to
dedicate less of their licensed spectrum for installed
systems, providing for the best dollars-per-Mbps-per-MHz
metric today.

DMC has received Altium orders at a record-setting pace, and
the solution has proven to be the most successfully launched
product in the company's 16-year history. Altium product line
revenue in FY2000, which ended March 31, 2000, was more than
$47 million for the year and $18 million for Q4. Included in
these results were orders by major U.S. CLECs.

``Demand for high-capacity wireless solutions is growing on a
worldwide basis, and we're pleased to make our 38-GHz Altium
155-Mbps product available to our customers in global
markets,'' said Sam Smookler, DMC president and CEO. ``At
155-Mbps, Altium is one of the fastest solutions shipping
today for delivering data, voice and video communications.''

Altium's reliability has tested to be better than fiber, and
the ring or hot-standby configurations allow for a high
degree of path protection. Wireless has the advantage over
laying fiber cables in saving installation time as well, and
it is the only option for delivering the necessary capacity
in many areas where laying fiber is impractical and cost
prohibitive.

Altium is now available in the 6, 7, 8, 10, 11, 13, 15, 18,
23, 24, 26, 28, 31 and 38-GHz radio frequency bands, so
providers can now roll out the diverse wireless access
applications customers need using one platform.

With headquarters in San Jose, Calif., Digital Microwave is
one of the world's foremost solutions providers for broadband
wireless access -- enabling the development of complex
communications networks worldwide. Since its founding in
1984, the Company has achieved international recognition for
quality, innovation and technical superiority in delivering
data, voice and video communication systems, including
comprehensive service and support. Continuing its focus on
the wireless broadband networking market, DMC is
strategically positioned to continue its solutions-based
leadership in wireless high-capacity transmission technology.
Additional information can be found on the Company's web site
at www.dmcstratexnetworks.com.

NOTE: Digital Microwave Corporation announced on May 16,
2000, that it is changing its name to DMC Stratex Networks.
While the Board of Directors has approved this name change,
it won't become the legal name of the company until it is
approved by shareholder vote during the annual meeting
Aug. 8, 2000.

SOURCE: Digital Microwave Corporation