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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (34110)9/8/2000 12:41:03 AM
From: American Spirit  Read Replies (1) | Respond to of 57584
 
Just to retain my credibility CNBC did indeed show Naz futures up 95. Here's a Yahoo post of some other guy.

"Did anyone see the nazz futures ?
by: arrwenotmen (53/M/Thee Island) 9/7/00 8:51 pm
Msg: 32866 of 32883

I thought C N B C showed them up 94 points ? If it holds until morning it could be REAL BAD TO BE SHORT THIS STOCK.



To: Rande Is who wrote (34110)9/8/2000 8:34:34 AM
From: marquis103  Read Replies (1) | Respond to of 57584
 
KLIC. From this morning's Briefing.Com. Could be some serious upside IMO. Thanks to Jane yesterday for reminding us about KLIC. Russ

Kulicke & Soffa (KLIC) 17 1/16: Chip equipment maker to host its mid-qtr business and industry trends conference call this morning at 9ET; ABN AMRO says it would not be surprised to hear KLIC speak of an improved outlook for bookings in the coming qtr, which would improve firm's opinion and investor sentiment around the stock.



To: Rande Is who wrote (34110)9/8/2000 8:55:36 AM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
Here they come. . .

Gadzoox warns of low second quarter sales

Thursday September 7, 5:49 pm Eastern Time

SAN JOSE, Calif., Sept. 7 (Reuters) - Gadzoox Networks Inc. (NasdaqNM:ZOOX - news) on Thursday said it expects fiscal second-quarter sales to fall 15 to 25 percent below analysts' forecasts of $9 million due to slow acceptance of its new Capellix line of network switches.

In a statement, the maker of storage area network (SAN) products said it will take a one-time reserve between $9 million and $11 million for excess inventory that was produced based on early sales estimates.

``While the adoption of Capellix has been slower than expected, we are launching a marketing, communications and sales campaign to create broader market acceptance,'' Chief Executive Officer Michael Parides said in a statement.

He said Gadzook's management is in a ``transition period'', but the new executives support the Capellix line of products.

Parides joined the company on August 8, and Chief Financial Officer Christine Munson resigned on August 17.

The changes followed an August 7 news announcement from the company in which it restated earnings for its fiscal first quarter ended June 30, reflecting a steeper loss of 52 cents a share vs. an earlier report of a loss of 35 cents a share. It cited accounting adjustments for the restatement.

Gadzoox shares closed up 3/16 at 10-5/16 on the Nasdaq stock system. Shares have traded as high as $98 and as low as $7-10/16 in the last year. The news announcement followed the market's close.



We can use these warnings announcements as opportunities for beginning core positions in beaten downs that have moved off their bottoms without us. For instance, ZOOX at $8 right now is at its all-time LOW. . . and should be considered, IMO.

Rande Is