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

To: Roadkill who wrote (1266)	1/22/2001 2:13:06 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

Roadkill, Umm... its an Austrian Company... not Australian. On the other hand, I botched things up and misread the order as only $1.6 million when it was actually $1.7 million. As to why they would announce this, I can only speculate: + Maybe they get so many orders that they can't announce (because the customer would get upset), they're just so happy to be able to announce one - they couldn't resist. + Maybe its to demonstrate that the European market for their products is alive and still growing. + Maybe it has to do with the fact that Germany has legislated a requirement that all radios have at least the same spectral efficiency as Altium... This shows that companies in other countries are going along (even without the legal requirement) just because it makes good business sense. + Perhaps, as you say, its an indication that they're taking market share. (But didn't we already know that?) + Perhaps, as you say, this initial order is just the tip of the iceberg as this customer begins a substantial buildout. But I don't think its a 'test' order... it seems too big for that. $1.7 million buys a fair number of Altium radios. I wonder when they are to deliver these radios? If they're all for delivery this month and next, perhaps this will help improve their 'linearity'... and improved linearity means improved margins and profits. Rob

To: Roadkill who wrote (1266)	2/8/2001 8:36:33 AM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

[Kevin Landis' Firsthand Funds - STXN Investment History (Open WIDE for viewing.)] Firsthand Funds: Holdings of STXN Source: <http://www.firsthandfunds.com/> (Open Wide For Optimal Viewing) Thousands of shares of STXN held on the last day of the month. Fund Nov’00 Oct'00 Sep'00 Aug'00 Jul'00 Jun'00 May'00 Apr'00 Mar'00 Feb'00 Jan'00 Dec'99 Nov'99 Oct'99 Sep'99 Aug'99 ============== ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= e-Commerce 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 --- --- Communications 634.6 634.6 634.6 634.6 634.6 634.6 634.6 634.6 634.6 634.6 238.0 138.0 0.0 0.0 --- --- TechInnovators 1136.0 1136.0 1136.0 1136.0 1136.0 1336.0 1336.0 1336.0 1336.0 1336.0 1336.0 1206.5 892.0 387.5 225.0 0.0 TechLeaders 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TechValue 5667.0 5667.0 5667.0 5667.0 5667.0 5667.0 5667.0 5667.0 4667.0 2472.0 2222.0 1949.0 1358.0 340.0 225.0 0.0 GlobalTech 0.0 0.0 --- --- --- --- --- --- --- --- --- --- --- --- --- --- ============== ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= TOTALS 7437.6 7437.6 7437.6 7437.6 7437.6 7637.6 7637.6 7637.6 6637.6 4442.6 3796.0 3293.5 2250.0 727.5 450.0 0.0 Increase 0.0 0.0 0.0 0.0 -200.0 0.0 0.0 1000.0 2195.0 646.6 502.5 1043.5 1522.5 277.5 450.0 STXN Monthly Share Price History (from SI historical price data) Low 12.875 15.000 14.375 19.125 25.437 27.812 23.125 22.000 31.000 30.500 20.000 15.312 12.812 11.875 13.000 10.500 High 24.750 26.437 28.000 27.375 43.000 41.000 37.188 38.813 48.500 40.875 42.250 25.813 18.125 18.125 16.250 15.000 Landis’ Weighted Average Share Price Assuming he bought all shares at monthly lows: $21.531 Assuming he bought all shares at monthly high: $34.016 Market Commentary on 12/29/00 <http://www.firsthandfunds.com/news/2000-12-29_market_commentary.html> Excerpt: The demand for high capacity, high-speed Internet connections continues to grow. The bottleneck here is in the metro market and the home market, both of which are price and cost sensitive. Long-haul infrastructure has been put in place across the country, but the race to see who will provide the solution to bridge the "last mile" is in the first leg. Digging up streets and laying fiber underneath city blocks remains an expensive, time-consuming proposition. Thus, we believe the solution lies in the fixed wireless area. This relatively cost effective solution will allow entire buildings to become "wired" in a manner of weeks. Landis’ description of STXN: <http://www.firsthandfunds.com/apps/portfolio/toptenprofiles.taf?fund=tcf> DMC Stratex Networks, Inc. (STXN) formerly Digital Microwave Corporation (DMIC), provides digital microwave radios for use in wireless communications networks. The company's customers include wireless telephone service providers and network equipment manufacturers, including BellSouth PCS, Winstar, Nortel, Motorola, and Siemens. The wireless communications industry is more than just cellular phones. It now includes companies, such as Winstar and Teligent, which provide wireless access to high-speed data networks. In the future, wireless technologies will be used to deploy basic communications infrastructure in developing nations such as China and India. As one of the emerging leaders in providing microwave radios, we believe that DMC Stratex Networks has tremendous potential for growth.

To: Roadkill who wrote (1266)	2/12/2001 8:55:27 AM
From: Rob Preuss	Respond to of 1762

In light of this new product announcement, it might be worth re-reading this old post: Message 14715039 Rob