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Technology Stocks : copper mountain CMTN -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (876)	9/18/2000 8:35:59 PM
From: hamsandwich	Respond to of 1226

I don't know if the enclosed blurb has already been posted. If so, I apologize. Sadly I rejoined the longs prior to the afternoon selloff (in at 43.5) and without the benefit of briefing.com running these numbers for me. CMTN certainly looks like a compelling value here. =============================== From briefing.com today: Copper Mountain (CMTN) 43 3/16 +3/16: Company unveiling its new CopperEdge 200 RT, a full-service DSL concentrator optimized for deployment in remote cabinets and neighborhood broadband gateways... Sound confusing? Well, it's not really... Product simply enables CLECs and ILECs to offer a full range of services to business and residential customers that can't be reached from phone company central offices... By significantly expanding the reach of broadband access, CMTN's product will help carriers provide more subscribers with services such as high-speed Internet access, video streaming, virtual private networks (VPNs), Frame Relay, multi-line packet-voice service, etc... Product introduction most recent example of how CMTN has managed to stay at the forefront of the technology curve in the highly competitive DSL marketplace... Best of breed technology also helps to explain why recent study named CMTN as the worldwide leader in business DSL, SDSL and IDSL in Q2, 2000 in terms of revenues and ports shipped... Study also showed that the company's closest competitor lost market share during this period... Despite the company's impressive product array and leadership position, the stock has struggled badly in recent months, falling 66% from its all-time high set in mid-July of this year... While Briefing.com noted in a Brief dated 5/26/00 that CMTN was overvalued, we think the market has been a little overzealous in marking down CMTN's stock... Based on today's price, CMTN now trades at 44x and 31.5x projected FY00 and FY01 earnings, with an estimated long-term growth rate of 46%... Resulting PEGs of 0.96 and 0.68 make CMTN one of the more compelling values in the tech sector today... Traders should also note that company's FY00 and FY01 estimates have gone up dramatically (by $0.08 and $0.15, respectively) over the past 60 days... More often than not, a rising trend in estimated earnings precedes a positive earnings surprise... We expect just that when CMTN reports its results in mid-October... Though the stock might not move materially higher until after its next earnings report, strong support at 40 suggests rather limited downside risk... Our initial price target is 60.Robert Walberg, Briefing.com