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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (28351)	9/21/2000 2:38:49 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67763

Trader's Edge: Earnings Season Growth/Value Plays 20-Sep-00 11:30 ET Blood letting in the tech sector has simply served to reduce valuations from absurd to obscene. In a few cases, however, the recent selling seems to have produced real value -- the kind that in a few cases even a Warren Buffett could appreciate. Price action in these stocks suggests that investors are bracing for an earnings shortfall or an indication by the companies that growth is slowing. The result is that many potential buyers have decided to stand on the sideline until the companies have proven that their stories remain intact. This is why we are looking for a strong post-earnings rally in a number of devastated growth names that now find themselves in the bargain bin of the tech world. Copper Mountain Networks (CMTN) Description: Manufacturer of Digital Subscriber Line (DSL) communications products to telecommunications service providers. Projected EPS: 2000= $0.98; 2001= $1.37 (40%) P/E Ratio: 2000= 46; 2001= 33 PEG Ratio: 0.82 52-Week Range: $35 1/4 to $125 11/16 Analyst Ranking: Strong Buy (3), Buy (6), Hold (1) Earnings Upside: April period: 82%; July period: 9% Price Reaction to Earnings: April period: 15%; July period: -24% Tentative Release Date: Oct. 16 (after the close) Efficient Networks (EFNT) Description: Designer of high-speed digital subscriber line (DSL) customer premises equipment for the broadband access markets. Projected EPS: 2000= 0.79; 2001= $2.74 (+247%) P/E Ratio: 2000= 50; 2001= 14 PEG Ratio: 0.56 52-Week Range: $31 to $186 13/16 Analyst Ranking: Strong Buy (5), Buy (4), Hold (1) Earnings Upside April period: -220%; July period: 80% Price Reaction to Earnings: April period: 6%; July period: -13% Tentative Release Date: Oct. 17 (before the open) Foundry Networks (FDRY) Description: Manufacturer of an end-to-end suite of networking products, including Internet routers, Gigabit Ethernet Layer two and three switching routers and Internet traffic management systems. Projected EPS: 2000= $0.74; 2001= $0.95 (28%) P/E Ratio: 2000= 87; 2001= 68 PEG Ratio: 2.42 52-Week Range: $51 7/8 to $212 Analyst Ranking: Strong Buy (7), Buy (5), Hold (1) Earnings Upside: April period: 55%; July period: 19% Price Reaction to Earnings: April period: 1%; July period: -21% Tentative Release Date: Oct. 18 (after the close) Tut Systems (TUTS) Description: Manufacturer of communications products that enable high-speed data access over the copper infrastructure of telephone companies. Projected EPS: 2000= $0.08; 2001= $0.51 (531%) P/E Ratio: 2000= 1010; 2001= 158 PEG Ratio:0.29 52-Week Range: $24 to $120 3/8 Analyst Ranking: Strong Buy (2), Buy (5), Hold (0) Earnings Upside: April period: 21%; July period: 200% Price Reaction to Earnings: April period: 25%; July period: 26% Tentative Release Date: Oct. 18 (after the close)