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

To: Rich Wolf who wrote (1127)	10/19/2000 7:13:47 AM
From: Mark S.	Read Replies (2) \| Respond to of 1226

anyone care to respond? Copper Mountain Networks, Inc. (Nasdaq: CMTN) ($26.88) F2000 EPS: $0.75 from $0.96 F2001 EPS: $0.18 from $1.35 Buy Paul Johnson, Communications/Networking "Copper Mountain reported upside in the September quarter with revenues and EPS above published expectations. We are significantly lowering estimates for revenues for the December quarter and the 2001 calendar year due to three emerging trends in Copper Mountain's largely CLEC customer base. The dramatic reduction forecast is a result of limited and deferred capital spending, operational barriers that are reducing CLEC DSL deployment plans, and increasing difficulty in CLEC procurement of ILEC copper loops. As management has elected to maintain the company's spending in R&D and S&M, we are lowering EPS for the calendar 2000 fourth quarter and estimating flat sequential quarterly EPS estimates throughout 2001. Despite the dramatic reduction in our forecast for 2001, we are reiterating our Buy recommendation on the stock."