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

To: lazarre who wrote (1107)	9/27/2000 7:22:06 PM
From: David Einstein	Read Replies (2) \| Respond to of 1762

I agree about the whole tech sector, but a few of my holdings are doing very well - NTAP, EMC, NEWP, ITWO, and a few I don't know come to mind - BRCD, SUNW. But again, I agree, the key words in your response are "in quantity". The leaders of yore - WCOM, CSCO INTC MSFT DELL - are in tatters, and only storage and some optical seems to be working right now

To: lazarre who wrote (1107)	9/27/2000 7:47:29 PM
From: Pete Young	Read Replies (3) \| Respond to of 1762

Dave, I must admit, I'm shocked at how far its dropped...and the size of the drop today was most disturbing for what I consider one of the top companies in the sector. Serves me right for stepping out of my usual value mode earlier this year. Still, look at the long run price of STXN, and consider that rarely does it go below $10...and that because of the Asian crisis when everything was, as lazarre refers to it, "fried rice". Fair value for the stock according to S&P is around $18, so in retrospect, it has probably been overbought this year. This is the silly season, so I guess we should expect some pain, perhaps more. Unless you expect the telecomm sector to completely crater, I'd guess we are getting into bargain territory. Consider all those wireless liciences sold in Europe, demand for wireless data access here in the US, and the lack of wired alternatives in the developing world. If a CLEC is going to put in wireless multipoint installation, how are they going to get bandwidth to it? Run fiber all the way up some mountain? Possible, but the easiest way to service such installations is with an DMC radio.

To: lazarre who wrote (1107)	10/11/2000 9:54:48 AM
From: Rob Preuss	Respond to of 1762

Technical Remarks: STXN's Altium radio uses 128-QAM modulation (which implies 7 bits/symbol) and transmits data at OC-3 rates (155 Mbps). Thus, the Altium is transmitting 155/7 = 22.142857 million symbols/second for a nominal bandwidth of 22.142857 MHz. They also say that they are actually using 28 MHz of bandwidth; from this we find that 28/22.142857 = 1 + Alpha = 1.2645161 so Alpha = 0.2645161. This last value implies that their filters have a nice tight roll-off. If they had used cheap filters, say with Alpha = 0.4451612, their actual bandwidth for this same symbol rate would have been 32 MHz. Clearly, the Altium was designed for high spectral efficiency... and STXN believes their customers (who spent a bundle of cash for spectrum rights) value this spectral efficiency. Based on the strong and still-growing demand for the Altium, it would appear that management was correct. Rob