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Technology Stocks : Next Level Communications Inc. (NXTV) -- Ignore unavailable to you. Want to Upgrade?

To: Rob Pierce who wrote (52)	8/24/2000 10:26:21 PM
From: Rob Pierce	Read Replies (1) \| Respond to of 131

I'm in as well, at 42. Lehman's speculation is that Qwest >might< not pursue further deployments. Shades of the Ciena debacle. When AT&T nixed Ciena as a supplier, Ciena still had excellent products and was already diversifying their cutomer list. Ciena tanked on the AT&T news, and while it took a while, those shares have since recovered from the teens to top 200 today because mgmt proved that their products were relevant to more customers than just AT&T. The only difference here is that where Ciena tanked on real news, Next Level is currently tanking on a concern (albeit a valid one). But this case, like that of Ciena, appears to be about a customer. Unlike Ciena, this is not about whether the customer will even deploy the vendors products (US West has already deployed NL's systems), it seems instead to be about whether Qwest is willing, and possibly able, to pursue the deployment strategy of US West at US West's pace. Unfortunately this market is extremely unforgiving about uncertainty. I bought Ciena at 14 because despite AT&T, the products were sound and management was sound. (I happily still own those shares!) What little I've been able to find so far regarding NL's products has been good, and I've seen no significant complaints about management. Given no major negatives, this ... ahem ... 50% haircut seems overkill to me. I'm in for a little. If it slips further, I'll look to pick up a bit more. Now for a little more thorough DD... RP