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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (55195)	4/23/2002 4:26:43 PM
From: zturk	Respond to of 99280

I'm thinking the same about BEAS but not EXTR. BEAS is a little more secure and established if there is such a thing now with techs! Anything under 11 is an excellent entry.IMHO

To: Zeev Hed who wrote (55195)	4/23/2002 4:32:22 PM
From: Sully-	Respond to of 99280

16:20 ET InVision Tech beats by $0.10; reaffirms for Q2 (INVN) 34.35 -0.82: Reports Q1 net of $0.17 a share, $0.10 better than consensus, vs yr-ago EPS of $0.01. Revenues rose 90% to $33.2 mln (consensus $27.75 mln). For Q2, co expects revenues to be at least double Q1 level (consensus $72.53 mln). INVN expects to at least achieve current consensus earnings estimates for Q2; says total consolidated margins may be slightly lower in the qtr.

To: Zeev Hed who wrote (55195)	4/23/2002 4:34:01 PM
From: Sully-	Respond to of 99280

16:30 ET Newport Corp beats by 2 cents, guides Q2 down (NEWP) 23.45 -0.59: Reports Q1 pro forma loss of $0.02, $0.02 better than the Multex consensus; revs were $43.9 mln, vs consensus of $45.1 mln. Co expects a Q2 loss of $0.03-$0.07 and sales of $38-$42 mln, vs consensus of a loss of $0.02 and $47.5 mln.

To: Zeev Hed who wrote (55195)	4/23/2002 4:36:30 PM
From: Tassi	Respond to of 99280

AIRNET COMMUNICATIONS (ANCC) ANNOUNCES FIRST QUARTER RESULTS; REVENUE JUMPS 57% SEQUENTIALLY WITH IMPROVED MARGINS BUSINESS EDITORS/TECHNOLOGY WRITERS MELBOURNE, FLA.--(BUSINESS WIRE)--APRIL 23, -------------------------------------------------------------------------------- 16:03 ET MELBOURNE, Fla.--(BUSINESS WIRE)--April 23, 2002--AirNet Communications Corporation (Nasdaq:ANCC.Q) today announced financial results for the first quarter ended March 31, 2002. The Company reported net revenue of $6.5 million in the first quarter, compared to $4.1 million in the fourth quarter of 2001 and $6.4 million in the first quarter of 2001. Gross profit for the quarter was $1.9 million compared to $0.3 million in the first quarter of 2001. The Company reported an operating loss for the first quarter of $4.3 million, compared to a loss of $7.4 million in the fourth quarter of 2001 and a loss of $14.7 million in the first quarter of 2001. The net loss for the first quarter was $5.2 million, or $0.22 per basic and diluted share, compared to a net loss of $7.2 million or $0.30 per basic and diluted share in the fourth quarter of 2001 and $14.3 million or $0.60 per basic and diluted share in the first quarter of 2001. Per share amounts for the 2001 and 2002 results were based on 23.8 million weighted average shares and exclude shares issuable upon the conversion of the Series B convertible preferred stock and other convertible securities, since their effect is anti-dilutive. Sequential quarterly improvement in revenue reflects sales to domestic customers, an African customer and TECORE Wireless Systems. The change in gross profit margin over the prior year's quarter is attributable to reduced manufacturing labor and support costs and a significant reduction in warranty expenses. The outlook for the second quarter of this year is improved over the second quarter of 2001 due to recently announced purchase orders. Recent adoption of GSM, GPRS and EDGE high speed data technology by large operators in North America and many of their affiliates could be of long term benefit to the Company. "This was a strong first quarter for AirNet," said Glenn Ehley, president and chief executive officer of AirNet. "Our restructuring efforts have paid off tremendously. Our focus will shift toward our goals of increasing sales volume and further reducing the costs in our product. While it still remains a challenging economic environment for wireless suppliers, our "lean and mean" company is poised for growth and providing all GSM operators with solutions to their coverage, capacity and high-speed data applications." Major events in the first quarter include: -- Increased revenue in the first quarter of 2002 to $6.5 million, which was more than the third and fourth quarters of 2001 combined; and marked the third consecutive quarter of revenue growth. -- Announced $13 million in new purchase orders. -- Significantly improved cash flow from ($20.7) million in the first quarter of 2001 to $3.3 million in the first quarter of 2002. This is a $24 million improvement in quarterly cash outflow. -- Increased gross margins from 4.8% to 29.9%. -- Positioned the Company for a strong second quarter in 2002, which will be addressed during the Company's conference call. Conference Call The Company will hold a conference call today, April 23, 2002 at 5:30 p.m. (ET) to discuss the first quarter results and other recent developments. The dial-in number for the conference call is (719) 457-2698. A replay of the conference call will be available beginning today at 8 p.m. (ET) until 12:00 a.m. (ET) on Tuesday, April 30, 2002. The replay number for the conference call is (719) 457-0820, and the pass code is 582166. About AirNet