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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (127099)	10/31/2000 10:59:26 PM
From: tejek	Read Replies (1) \| Respond to of 1576806

Let me curse myself here. RTQ $19 3/8. Up $3 from purchase, tonight I'll go spend my profit (it was a rather sizable purchase). Latah! Dave (in phoenix), Are you trying to curse us....the new policy of the thread....if you start to make profits, you can not post it. These markets are fragile enough without giving them a reason to take us down. ;~)) Congrats.....don't forget to take me out to dinner for turning you on to VRTA. ted

To: 5dave22 who wrote (127099)	11/1/2000 1:00:04 AM
From: tejek	Respond to of 1576806

OT Latah!Dave: Do you hear cha-ching! Cisco Systems to license Virata technology SAN FRANCISCO, Nov 1 (Reuters) - Virata Corp. <VRTA.O>, a maker of chips and software used in DSL modems, said that Cisco Systems Inc., the biggest maker of networking gear, will license its software that lets users more easily manage devices or programs remotely using just a standard Web browser. Cisco <CSCO.O> will use Virata's EmWeb HTTP server and client software and integrate it into Cisco's IOS software, which is the operating system that drives its routers and switches. Cisco said that the Virata technology will make it easier for its customers to configure and manage networks. "This is significant for Virata because it's just another indication of the power of the products and technologies that we've assembled in building the Internet and particularly DSL infrastructure," said Mike Gulett, president and chief operating officer in an interview. The announcement comes a week after shares in Virata plunged amid concerns that sales to one customer were slowing. The stock fell more than 40 percent on Oct. 26 after Virata executives told analyst on a conference call the night before that it "would have trouble at one of its larger customers," said Alex Gaune, a Banc of America Securities analyst at the time. "What we said (on the earnings conference call) was that we were not in a position to raise the (revenue) guidance for the December and March quarters," said Andy Vought, Virata's chief financial officer in an interview. "Our largest customer Westell will likely be a smaller percentage of total revenue in the third quarter and that is partially what has caused some uncertainty" among investors. Virata reported adjusted net income of $8.5 million, or 13 cents an adjusted diluted share, compared with a $4.1 million adjusted net loss, or 15 cents, for the year-ago quarter. Analyst had expected earnings of 10 cents a share, according to First Call/Thomson Financial. Sales rose to $42.2 million in the fiscal second quarter of 2001, up sharply from $3 million a year ago. Executives forecast sales of $46.5 million in third-quarter sales, less than what some analysts had been expecting. Virata is one of several DSL modem-related companies whose shares have tumbled in recent weeks amid concerns about the market for DSL modems, which provide Internet access for home users and small businesses over regular copper phone lines that is as much as 50 times faster than dial-up modems. "We don't anticipate difficulty in achieving the growth we've outlined to the investment community," Vought said. Virata stock rose $3-3/16, or 20 percent, to $19-3/8 on the Nasdaq on Tuesday amid a broad rally in high-tech stocks. 00:01 11-01-00