Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rob Preuss who wrote (989)	7/19/2000 11:07:46 AM
From: Rob Preuss	Respond to of 1762

[CBS Market Pulse - Q1 results can't lift DMIC] Wednesday, July 19, 2000 Q1 results can't lift DMIC --10:01 am - By Michael Baron Digital Microwave (DMIC: news, msgs) is off 11 5/8, or 27.8 percent, to 30 1/4 in early trading. The San Jose, Calif., provider of broadband wireless access products reported first-quarter earnings of $9 million, or 12 cents a share, up from last year's profit of $160,000, and ahead of First Call's average estimate of 10 cents a share. Sales rose 33 percent in the latest three months to $86.7 million from $66 million in the same period a year earlier. Digital Microwave said it received new orders of $126 million in the June quarter, compared to orders of $67.8 million in last year's equivalent period. Digital Microwave attributed the strong results to rising demand for its Altium high-capacity broadband wireless product. Shipments of Altium rose 30 percent on a sequential basis to $24 million. The source of the weakness in the stock Wednesday morning could be the company's acknowledgment that "industry-wide component shortages have presented short-term challenges to certain product lines." But Digital Microwave goes on to say that it continues to "ramp capacity to meet customer demand with increasing profitablility."