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Technology Stocks : Stratex Networks, Inc. (STXN) -- Ignore unavailable to you. Want to Upgrade?

To: Arrow Hd. who wrote (1534)	9/8/2003 12:53:15 AM
From: Rob Preuss	Respond to of 1762

Yeah... I'd like to see a STXN pullback for the same reason. Perhaps some sort of global disaster will cause a temporary shock to prices and provide a buying opportunity. But I think the STXN upside may be more than 1 more quarter away; I give it more like 2 quarters before it really gets rolling.

To: Arrow Hd. who wrote (1534)	9/11/2003 5:01:01 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

STXN acquires Plessey Wireless - CC is on now! Stratex Networks to Acquire Plessey Broadband Wireless Thursday September 11, 4:15 pm ET Acquisition Gives Stratex Networks the Most Complete Portfolio of Licensed And License-Exempt Microwave Radios SAN JOSE, Calif., Sept. 11 /PRNewswire-FirstCall/ -- Stratex Networks, Inc. (Nasdaq: STXN - News), one of the world's leading solutions providers for high- speed wireless transmission, today announced the signing of a definitive agreement to acquire Plessey Broadband Wireless, a division of Tellumat. The transaction is scheduled to close on October 1, 2003, subject to customary closing conditions. With Plessey Broadband Wireless, Stratex Networks acquires a leading license-exempt telecommunications-grade microwave transmission product line. Complementing Stratex Networks' current licensed product portfolio, the Plessey product line will provide customers the flexibility and convenience of using one supplier for both licensed and unlicensed products in planning and implementing networks. The asset purchase agreement provides for payment to Tellumat of $3 millon in Stratex Networks' stock and up to $3 million in cash. The cash amount is dependent upon the audited value of the net assets at the time of closing. "We have been impressed by customer reaction to the Plessey license-exempt product line since we began selling it under a private-label agreement earlier this year," said Charles Kissner, Chairman and Chief Executive Officer of Stratex Networks. "With this acquisition, we believe that our worldwide infrastructure and sales channels, combined with this innovative product line and development team, will enable Stratex Networks to significantly grow our worldwide presence in the license-exempt transmission market. Importantly, we can now directly support the growing reseller network for this product line, especially in North America. Finally, the acquisition will expand our growing physical presence in the sub-Sahara Africa market, an area of strong growth for Stratex Networks." Plessey Broadband Wireless is located in Cape Town, South Africa, where Stratex Networks intends to continue its operation. Stratex Networks already has facilities in Johannesburg. According to Ian Masson, Divisional Managing Director, Plessey Broadband Wireless Division, "Our license-exempt products have been gaining momentum due to their unique features and leading technology. Sold through a number of channels worldwide, our experience with Stratex Networks has been particularly positive despite the relatively short period of the private label agreement. We believe that by combining with Stratex Networks we will be able to provide a uniquely powerful approach to a truly global customer set." The Plessey product line is available in 2.4 and 5.8 GHz license-exempt bands and currently provides interfaces including 10 Base-T bridged Ethernet and up to 8xE1 or 8xT1. The product line offers the ability to upgrade capacity through software, drastically reducing the number of hardware options required. This full-featured system also contains a frequency spectrum analyzer providing the ability to identify the existence of frequency interference. With the rapidly increasing use of these license-exempt bands, this provides for excellent quality of service. A conference call with company management will follow this announcement at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Investors are invited to listen to the call live via the Internet at stratexnet.com . Investors can listen via telephone by dialing 877-543-9372 domestic or 706-643-3737 international and entering conference identification number 2767754. A telephone replay using the same conference identification number will be accessible at 800-642-1687 domestic or 706-645-9291 international beginning approximately two hours after conclusion of the live call. The Internet link and telephone replay will be available for a period of two weeks following the conference call.

To: Arrow Hd. who wrote (1534)	9/15/2003 7:55:23 PM
From: Rob Preuss	Respond to of 1762

Note that PROX got nailed for about $26 million upon losing a patent infringement lawsuit... so the stock dropped about 18% today. PROX will appeal, but I figure that's a lost cause. Quite awhile back, PROX bought WMUX (where STXN was also trying to buy WMUX). PROX/WMUX are in the hot Wi-Fi market with decent products, but also with lots of competitors. PROX suffers from poor management too (IMHO). Despite these negatives, I think there is still some very low price at which PROX becomes a buy... but it becomes a buy for another company (with better management), NOT for an individual investor.

To: Arrow Hd. who wrote (1534)	10/3/2003 10:06:44 AM
From: Rob Preuss	Respond to of 1762

STXN Completes Acquisition of Plessey Broadband Wireless Friday October 3, 8:01 am ET Stratex Networks' Global Infrastructure and Plessey Broadband Wireless Product Line Create Formidable License-Exempt High-Speed Transmission Product Offering SAN JOSE, Calif., Oct. 3 /PRNewswire-FirstCall/ -- Stratex Networks, Inc. (Nasdaq: STXN - News), one of the world's leading solutions providers for high-speed wireless transmission, today announced the completion of its transaction to acquire Plessey Broadband Wireless under the terms previously announced on September 11, 2003. The Plessey Broadband Wireless unit was a division of Tellumat and now becomes the Stratex Networks Cape Town Operations. Ian Masson, who had been the Divisional Managing Director, assumes the role of site Vice President

To: Arrow Hd. who wrote (1534)	10/22/2003 8:16:59 PM
From: Rob Preuss	Respond to of 1762

Q2 FY04 Press Release... Stratex Networks Announces Second Quarter Fiscal Year 2004 Financial Results Wednesday October 22, 4:30 pm ET Company Reports Strong Interest in New Eclipse Product and Increasing Orders SAN JOSE, Calif., Oct. 22 /PRNewswire-FirstCall/ -- Stratex Networks, Inc. (Nasdaq: STXN - News), a leading independent provider of wireless transmission solutions, today reported financial results for the second quarter of fiscal year 2004, ended September 30, 2003. Net sales totaled $36.9 million compared to $52.6 million reported in the second quarter of fiscal 2003. Net loss in the second quarter of fiscal year 2004 was $7.0 million or $0.08 per share, compared to a net loss of $4.4 million or $0.05 per share reported in the second quarter of fiscal year 2003. Stratex Networks received $44.5 million in new orders during the quarter. The backlog as of September 30, 2003 was $45.5 million. "While revenue and earnings came in at the low end of our guidance, new orders strengthened, largely as a result of customer interest in the new Eclipse platform," stated Charles D. Kissner, Chairman and Chief Executive Officer. "We received our first orders for Eclipse during the quarter in anticipation of beginning commercial shipments in Q4. Customer interest in moving to Eclipse is very strong. As a result, we have better visibility on future revenue than in recent history." A conference call with company management will follow this announcement at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Investors are invited to listen to the call live via the Internet at stratexnet.com . Investors can listen via telephone by dialing (877) 543-9372 domestic or 706-643-3737 international and entering conference identification number 2751038. A telephone replay using the same conference identification number will be accessible at 800-642-1687 domestic or 706-645-9291 international beginning approximately two hours after conclusion of the live call. The Internet link and telephone replay will be available for a period of two weeks following the conference call. About Stratex Networks: With its broad product offering and worldwide sales and support organization, Stratex Networks is strategically positioned to serve wireless high-capacity transmission technology needs in a global environment. Since it was founded in 1984, Stratex Networks has achieved international recognition for quality, innovation, and technical superiority in delivering data, voice, and video communication systems, including comprehensive service and support. Additional information is available at www.stratexnet.com. Safe Harbor Statement: This press release contains statements that qualify as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including statements relating to the Company's expectations regarding initial commercial shipments of the Eclipse, market acceptance of the Eclipse, visibility of future revenues and the Company's positioning to serve wireless high-capacity transmission technology needs in a global environment. These forward-looking statements are based on current expectations and the Company assumes no obligation to update this information. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain risk factors including unexpected delays in the schedule for initial commercial shipments of Eclipse, negative trends in the general economic condition of the worldwide economy, order cancellations, postponements in product deliveries resulting in delayed revenue recognition, increased competition, downward pressures on the price of the Company's products and services and the introduction of competing products and technologies. In addition, orders and backlog are not necessarily indicative of revenue in any future period. For a further discussion of these and other factors that impact the Company's business in general, see the information provided under the heading "Factors That May Affect Future Financial Results" in the Company's Annual Report on Form 10-Q for the quarter ended June 30, 2003, filed with the Securities and Exchange Commission on August 13, 2003. Source: Stratex Networks, Inc