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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (25843)	6/2/2001 12:18:02 PM
From: besttrader	Respond to of 37746

I'm still long SYMM. It bounced off the trendline and now I am hoping it continues to make it's triangle on the daily chart and weekly too. If it breaks out that will be really great. They have given 3 different upside preannouncements to their earnings in the last few months, and they have a P/E 13.57, and their PEG ratio is .64 which is REALLY good. Their growth rate is 38% according to vectorvest. Symmetricom, Inc. designs, manufactures and markets network synchronization and timing products and intelligent access systems for the global communications marketplace. The Company's time and frequency products control the flow of information (voice, video or data) in telecommunication networks. The Company's products are installed in wireline and wireless networks in more than 60 countries. The Company also supplies intelligent network access systems to global network service providers. In June 2000, the Company formed the AccessMax division, a business unit focused on developing solutions that maximize bandwidth and services in the network access market. Symmetricom's customers include public network providers, Incumbent Local Exchange Carriers, Post Telephone and Telegraph companies, Competitive Local Exchange Carriers, other telephone companies, wireless service providers, cable television operators, Internet Service Providers and communications original equipment manufacturers. Their product is a niche product and according to the CEO, should not be too much affected by the economic slowdown, but I will be watching their earnings closely on July 19th to see how they are doing. They also have a new product called GOLONG which doubles the distance of ADSL so that you can get 50% more people on ADSL. Revenue should start coming in from that product soon. That seems to me to also be a niche product that people need. They have a 20 million float which is not too large, and I really can't see too much down side unless they warn. But the upside preannouncemt recently gives me hope that they won't.