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

To: riposte who wrote (1226)	12/6/2000 10:13:45 AM
From: Rob Preuss	Respond to of 1762

I haven't followed the NTRO thread, but I just came across this item... "VMware, based in Palo Alto, Calif., hired Mike Everett, 51, former CFO of Netro, a maker of high-speed wireless networking equipment that Everett took public." Source: yahoo.cnet.com Offhand... that seems negative for NTRO. Rob

To: riposte who wrote (1226)	12/6/2000 10:35:44 AM
From: Rob Preuss	Respond to of 1762

Steve, I think the market is correctly distinguishing ENWV from STXN. STXN is up nicely this morning while ENWV has crashed over 70%. Last Update: 9:58 AM ET Dec 6, 2000: Wednesday, December 06, 2000 ENWV plunges --9:58 am - By Michael Baron Endwave Corp. (ENWV: news, msgs) is being destroyed in early action, losing $7.88, or 72.7 percent, to $3, on reports that the Sunnyvale, Calif., provider of high-speed radio frequency products for broadband wireles access networks has issued a warning for the fourth quarter. The company hasn't confirmed the guidance, which has been published by Dow Jones and Reuters, as well as cited by analyst firms in downgrades this morning. The reports say Endwave expects to report a fourth- quarter pro forma loss of 28 cents a share, 3 cents wider than the average estimate of analysts polled by First Call, on revenue of $13 million. For fiscal 2001, the company reportedly expects revenue of $65 million due to weak demand and delayed shipments. Gary Gray, a company spokesman, wasn’t immediately available for comment. On the analyst front, U.S. Bancorp Piper Jaffray maintained its "buy" rating on Endwave but cut its price target to $20 from $40. The firm said the fourth-quarter revenue projection is $3 million below its estimate but added that the company offered a moderately positive outlook for fiscal 2001. However, JP Morgan cut its rating on Endwave to "long-term buy" from buy and Deutsche Banc Alex Brown reduced its assessment of the shares to "buy" from "strong buy."