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Technology Stocks : PWAV- the hot new IPO -- Ignore unavailable to you. Want to Upgrade?

To: pass pass who wrote (1460)	7/14/2000 10:41:47 AM
From: Allegoria	Read Replies (1) \| Respond to of 1491

This might be one to try to pick up in after hours market...I've had good luck catching falling knives this way... I cashed out of this stock a while back, so I am not up to date...is this another slowing growth story? Good luck, Eric

To: pass pass who wrote (1460)	7/14/2000 12:42:33 PM
From: Perry Ganz	Respond to of 1491

pass pass I must disagree with your "just profit taking" statement It is only "just profit taking" when it is other peoples money.To me this is more of a case of OH MY GOD THEY ARE ROBBING ME BLIND<ggg> I found this now I wonder what has him thinking growth will slow Friday, July 14, 2000 USB cuts Powerwave --10:56 am - By Michael Baron Powerwave Technologies (PWAV: news, msgs) is slipping 11 1/4, or 21.7 percent, to 40 5/8 in morning action despite coming in with better-than-expected quarterly earnings. After Thursday's closing bell, the Irvine, Calif., provider of high performance RF power amplifiers for wireless communications networks reported second-quarter earnings of $11.4 million, or 18 cents a share, above last year's profit of $4.2 million, or 7 cents a share, and ahead of First Call's average estimate of 16 cents a share. Sales rose 61 percent in the latest three months to $110.5 million from $68.5 million in the same period a year earlier. But USB Piper Jaffray hit the stock with a downgrade from "buy" to "strong buy" on concerns about a slowdown in earnings growth in fiscal 2001. The firm raised its revenue and earnings estimates slightly for the remainder of 2000 and maintained its $60 price target.