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

To: MulhollandDrive who wrote (960)	9/27/2000 9:42:55 PM
From: Kerry Lee	Read Replies (2) \| Respond to of 1226

Here's the long Dow article I referenced in previous post. Re-posted from Yahoo message board ( have to sort thru alot of garbage/short FUD to get to useful posts): DowJones article: just rumors and fears by: yeah_yeah_been_there 9/27/00 6:40 pm Msg: 42643 of 42797 Sept 27th 2000 Copper Mountain Down 20% On Jitters About Future Demand Dow Jones Newswires By Janet Whitman Of DOW JONES NEWSWIRES NEW YORK -- Shares of Copper Mountain Networks Inc. (CMTN) plunged in heavy volume late Wednesday amid fears that demand for the telecom equipment maker's products will slow. Copper Mountain's exposure to the troubled competitive local exchange carriers, or CLEC, sector helped fuel the selloff, analysts said. The stock's slide also was part of a broader selloff among telecom equipment companies as investors remained jittery about the possibility that telecom service providers will spend less on equipment next year. Shares slid 21.6%, or $10.63 to close 4 p.m. trading at $38.63 on a hefty 12.9 million shares, up from average daily volume of 3.1 million. Shares traded as low as $37.38 earlier. The Palo Alto company, develops and sells digital-subscriber-line, or DSL, equipment to telecom companies and Internet service providers. "There are a lot of pretty weak DSL (service) companies out there," said Fredrik Tjernstrom, an analyst at Hidden Asset Report. Investors fear that some of those companies may go out of business or scale back their expansion plans because of the limited access to capital, which could result in less demand for Copper Mountain's products. Tjernstrom noted, however, that two of Copper Mountain's customers - Covad Communications Group Inc. (COVD) and NorthPoint Communications Group Inc. (NPNT) - received significant investments recently from Bell operators, indicating that those CLECs are healthy and that equipment demand should remain robust. "There shouldn't be concern about these companies going out of business," said Tjernstrom. Another concern weighing on Copper Mountain is the likelihood that some telecom companies will buy less equipment next year. "There's worry about which companies will be affected," said Tjernstrom. "I don't think DSL should be affected that much." "This year, growth is going so fast, they can't supply enough products to keep up with demand," he added. "It's hard to say where it will bottom out." Copper Mountain could not immediately be reached for comment. -Janet Whitman, Dow Jones Newswires; 201-938-5248; janet.whitman@dowjones.com