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Technology Stocks : AVCI -- Ignore unavailable to you. Want to Upgrade?

To: CrayUSA who wrote (97)	7/20/2001 9:35:35 AM
From: Neil H	Read Replies (1) \| Respond to of 190

Avici Systems Leaps as it Beats Estimates By TSC Staff 7/20/01 8:57 AM ET Network router maker Avici Systems (AVCI:Nasdaq - news - commentary) was up 10.5% after the company posted a second quarter loss of 23 cents a share, 1 cent better than analysts' estimates and narrower than the year-ago loss of 48 cents. Revenue rose to $21.4 million from $2.2 million a year ago, again beating analysts' estimates of between $18 million and $19 million. In April, the company said it expects to become profitable by the middle of next year. Shares of Cisco (CSCO:Nasdaq - news - commentary) the leader in the router maker business, were down 1.5%.