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To: gladman who wrote (120543)3/16/2001 12:23:08 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Glad, bad news Brze down to Zero growth. Good news is they should be able to break even and keep their cash.
Nuan, down another 40% today has never got that far so they might go busto before they reach profitability.
>Breezecom (BRZE: news, msgs, alerts) revised its financial estimates for the first quarter due to the current economic slowdown in the U.S. The maker of wireless access products said it now expects to breakeven on a per-share basis, and estimates revenue to be $23 million to $26 million, compared with the average analyst estimate compiled by Multex for a profit of 10 cents a share on revenue of $32 million. For all of 2001, the company expects EPS of 15 to 20 cents on sales of $120 million, while analysts had forecast 45 cents and $145.7 million, respectively. "BreezeCom currently has over $150 million in cash (over $5 per share), no long-term debt on its balance sheet and expects to be profitable for the year," said Zvi Slonimsky, Breezecom's chief executive. "This strong financial position will enable us to be opportunistic during the current dislocations in the marketplace and to further improve our competitive position." The stock dropped 18 percent, or $1.22 to $5.69.