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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (2777)	3/13/2001 3:39:53 PM
From: stockman_scott	Respond to of 52237

Extreme Net says it is not seeing an international slowdown NEW YORK, March 13 (Reuters) - Extreme Networks Inc. (NasdaqNM:EXTR - news) said on Tuesday that although the U.S. market remains challenging, the communications equipment maker has not seen a slowdown in international sales and demand. ``Despite cautious comments you may heard from other companies, we are not seeing a slowdown internationally,'' Chief Financial Officer Vito Palermo said at the Merrill Lynch Global Communications Investor Conference. ``The domestic market remains choppy, but internationally we're not seeing softness.'' The company said its sales cycle has changed as the average size of its equipment deals increased. A year ago, its average deal size was about $100,000 to $150,000. Now its average sale is in the range of $1 million to $3 million. Although larger deals are positive, ``it makes the order pattern a little lumpier,'' Palermo said. The company said it will monitor its sales cycle closely. Overall, Extreme Networks said has it not seen any significant changes in the level of competition or product pricing in the equipment market. biz.yahoo.com

To: JRI who wrote (2777)	3/13/2001 3:43:08 PM
From: stockman_scott	Respond to of 52237

Tech Stocks Rebound; Nasdaq Above 2,000 Tuesday March 13, 3:29 pm Eastern Time <<NEW YORK (Reuters) - Technology stocks piled on gains in late afternoon trading on Tuesday, sending the Nasdaq composite back above the key 2,000-point level, as investors sought what they saw as bargains a day after a gut-wrenching sell-off. The rebound follows Monday's record-shattering plunge of more than 6 percent or 129 points on concerns over shrinking corporate earnings and the weak U.S. economy, which pushed the Nasdaq below 2,000. The Nasdaq's loss on Monday amounted to almost 62 percent from its March 10, 2000, record high of 5,048.62. It exceeded the Nasdaq's previous biggest drop, which was 59.9 percent in the 1973-74 prolonged bear market. The technology-laced Nasdaq Composite Index (.IXIC) rose 77.91 points, or 4.05 percent, at 2,001.29, hitting. The Nasdaq was led higher by tech heavyweights like Internet gear giant Cisco Systems Inc. (NasdaqNM:CSCO - news). The blue-chip Dow Jones industrial average (.DJI) was up 67.51 points, or 0.66 percent, at 10,275.76. The broad Standard & Poor's 500 Index (.SPX) was up 14.38 points, or 1.22 percent, at 1,194.54. ``People are more comfortable getting into the market as the valuations came down,'' said Ahmet Okumus of the Okumus Opportunity Fund which has $250 million in assets. He saw a positive sign in the leadership of Tuesday's technology rally being the big capitalizations names in computer software, hardware and networking, he said.>>