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Technology Stocks : DSS: DLT finally open for trading -- Ignore unavailable to you. Want to Upgrade?

To: dr_elis who wrote (451)	4/29/2003 10:38:30 PM
From: Sam	Read Replies (1) \| Respond to of 488

Yes, I saw. Pretty fierce selling. The CC was... not very inspiring, but also not terrible. Rev and earnings were somewhat low to me. Plus they couldn't offer any hope of improvement near term. There is no rush to buy now. They still may be just fine, but we won't know this for at least 4-6 months, after sdlt6000 is out and we know if it will do what they claim, namely put them one step ahead of LTO once and for all and help them regain more market share. Right now, they have around 38-40% share, I think. Also, DX30 won't meaningful contribute, they say, for at least a few quarters, though they claim some big enterprise wins. They also say VX80 and M1500 are doing well, and they have picked some share in the automation business. Lehman dropped their target from 5.50 to 4 in response, and lowered their estimates for FY04. New products to be released over the next few weeks. They know they still have work to do. Its a long term project. Will they go back to 4? Yes. Anytime soon? Depends on their new products. If they can hold these levels for a few days, they might go back there. Don't look for much above 4 until the next CC though, unless one of their products is a real obvious blockbuster. sam