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

To: akmike who wrote (1590)	9/20/2004 2:22:29 PM
From: Rob Preuss	Respond to of 1762

Hi Mike, Thanks for alerting me to the interview. It was worth listening to. A few points I jotted down were: Their targeted operating model includes 35-38% gross margins with 10-15% operating margins. They do not compete against Nortel but they do compete against Ericsson, Alcatel, NEC, Nokia, and Siemens. With Eclipse, they've expanded their addressable market to include Trunking as well as their traditional Backhaul. Most growth going forward will be organic. Look to Eclipse revenues and new orders for current and leading indicators that the company is on track to meet its targets... in the 2nd half of this FY (which ends in March'05) one should start to look more to improved profitability indicators (e.g., gross margins, EPS, etc). They compete (successfully) through technical innovation that adds value for their customers; Eclipse is a good example of this (as was Altium). About 90% of their market is outside the US (often in developing countries) and is mostly based on a direct sales model. (So where do I get reliable data on the CapEx plans of foreign telecom companies?) I'm more heavily invested in STXN now than I ever was... I got stung when the market bubble burst 4 years ago but have ridden out these very tough down years and am currently looking for STXN to rise again (strongly) during the next 12 months. I've been early before, but I'd rather be too early than too late. Best, Rob

To: akmike who wrote (1590)	10/15/2004 10:23:22 AM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

STXN financial results: Monday, Oct. 25, 2004 at 5 p.m. Eastern. Stratex Networks Announces Conference Call for Second Quarter Fiscal 2005 Financial Results Friday October 15, 10:00 am ET SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 15, 2004--Stratex Networks, Inc. (NASDAQ:STXN - News) a leading provider of wireless transmission solutions, will hold its quarterly conference call to discuss second quarter fiscal 2005 financial results on Monday, Oct. 25, 2004 at 5 p.m. Eastern Time. Stratex Networks will release the company's financial results at approximately 4 p.m. ET on the same day. To listen to the live conference call, please dial 709-643- 3737 (reference conference ID #: 1503942) by 4:50 p.m. ET on Oct. 25. A replay of the call will also be available starting one hour after the completion of the call, until Nov. 1. To access the recording, dial 706- 645-9291 (conference ID #: 1503942). This call is being webcast by Thomson/CCBN and can be accessed at Stratex Networks' Web site at www.stratexnet.com. The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

To: akmike who wrote (1590)	10/25/2004 6:30:16 PM
From: Rob Preuss	Respond to of 1762

Conference Call Notes Q2 Financial Data Revenue Orders Americas: 10.1 M 8.8M Europe: 29.6M 28.5M Asia: 3.9M 8.6M ====================================== Total: 46.3M 45.9M Eclipse: 8.1M 12.3M XP4: 14.5M 17.0M Altium: 8.4M 5.2M DXR: 5.2M 5.0M Services: 7.4M 6.0M ====================================== Total: 46.3M 45.9M Gross Margins 19.3% Very large increase in GM from previous quarter is due mostly to ramp of Eclipse and to Services. Legacy products are under strong price pressure and sales of these products are dropping off more quickly than anticipated earlier. Eclipse orders increased 100% from the previous quarter while orders for legacy products dropped off 17% from the previous quarter. The drop in orders for legacy products is expected to continue to drop off in future quarters. Eclipse is growing rapidly and the company continues to have strong confidence in this product line. Eclipse is more robust than earlier products and installation is faster/easier; it achieves triple the MTBF vs previous products and manufacturing yields are improving such that they expect to have no problem meeting the growth in demand expected for Q3. Key features of Eclipse that contribute to its value to customers are: (1) Network Nodal Capability, (2) SW based scalability, (3) HW Modularity, (4) Routing and Cross-Connect, and (5) Liquid Bandwidth Ethernet. Q3 Forecast: Revenue $45M to $48M with $0.06 to $0.08 loss per share. Break even predictions for end of Q4 were predicated on achieving $50M to $55M in quarterly revenue with GM around 28-29%. The GM target still seems on track but they are having difficulty reaching the revenue target (due to more rapid drop off in legacy product sales); they are looking at additional possibilities for cost savings to help them meet the Q4 break even target at lower revenues. Most Eclipse customers to date have been new customers for STXN. In Q3 and Q4 they will start to ship more Eclipse product to traditional STXN customers. The Quattro offering is expected to contribute to revenue significantly in CY06. A new Eclipse product, to address the access market, is expected to ship to customers in Q4. We may see some press on this late in Q3 (no promises). The access market is huge and growing, so this is an important new product. It offers lower speeds than the current Eclipse at lower costs, but it is based on the same SW as the current Eclipse and it shares much of the same HW elements as the current Eclipse. It will initially be offered in only 2-3 frequency bands, but the number of frequency bands offered will increase rapidly because of the similar HW it uses. It will also be SW upgradable to higher speeds, but it will not reach the highest speeds that the current Eclipse offers. Eclipse is expected to reach 40% of sales revenue in Q4FY05 and 70% of sales revenue by the end of FY06. STXN share count in Q3 will be about 93.5M.

To: akmike who wrote (1590)	5/18/2006 7:46:37 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

REUTERS UPDATE 1-TABLE-Stratex Networks posts Q4 profit Thu May 18, 2006 5:39 PM ET (Adds outlook and estimates) STRATEX NETWORKS INC. (STXN.O: Quote, Profile, Research) Latest Forecast* No. of Yr ago analysts qtr EPS (diluted, $/shr) 0.03 -- -- -0.14 Net ($ million) 3.3 -- -- -13.3 Net Sales ($ million) 64.0 62.3 7 41.1 *Source: Reuters Estimates -- The provider of wireless transmission systems said the fourth-quarter results reflect a non-cash charge of $60,000 related to its restricted stock plan. -- For the latest fourth quarter, seven analysts on average had expected the company to earn 2 cents a share, excluding any exceptional items, according to Reuters Estimates. -- The company said it expects to earn 2 cents to 4 cents a share on revenue of $62 million to $66 million for the first quarter. -- For the first quarter, five analysts expect the company to earn 3 cents a share, excluding special items, on revenue of $63.3 million, according to Reuters Estimates.