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

To: ignatiusoreilly who wrote (1596)	10/19/2004 11:51:24 AM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

I don't have numbers handy... but generally we're not expecting a blockbuster quarter. Some negative EPS numbers (a little better than last quarter), improved revenue and orders (particularly from Eclipse), and improved margins. If we're lucky, we'll get some sort of product upgrade/improvement announced as well. Mostly we're looking to see that the plan is still on track. That we'll reach breakeven by the end of the year with growing profits into the future. All this hinges on growing orders for Eclipse. So listen for (a) EPS, GM and revenues within the expected range, (b) management's outlook for future quarters, and (c) Eclipse orders and other numbers that foretell the future. I think election-related anxiety (including the possibility of a domestic terrorist attack) is overhanging the entire market... including STXN... along with anxiety pertaining to energy prices. Once we get past the election, only energy price concerns will remain. Maybe then investor sentiment will improve and we might be able to muster a Santa Claus or January rally. Rob

To: ignatiusoreilly who wrote (1596)	10/25/2004 4:41:54 PM
From: Rob Preuss	Respond to of 1762

STXN Announces Q2FY05 Financial Results No surprises... everything seems on track... Stratex Networks Announces Second Quarter Fiscal 2005 Financial Results SAN JOSE, Calif., Oct 25, 2004 /PRNewswire-FirstCall via COMTEX/ -- Stratex Networks, Inc. (Nasdaq: STXN), a leading provider of wireless transmission solutions, today reported financial results for the second quarter of fiscal year 2005, ended September 30, 2004 Net sales in the second quarter of fiscal 2005 were $43.6 million compared with $36.9 million in the second quarter of fiscal 2004. Net loss in the second quarter of fiscal 2005 was $6.8 million, or a loss per share of $0.08, compared with a net loss of $7.0 million, or a loss per share of $0.08, reported in the year ago period. Stratex Networks recorded $45.9 million in orders during the second quarter, including more than $12 million of orders for the new Eclipse product line. The backlog for all product lines totaled $58.3 million as of September 30, 2004. "Customer interest in Eclipse(TM), our innovative wireless platform, remains at a high level, as evidenced by continued strong order and sales activity. With more than $8 million in sales of Eclipse in the September quarter, an increase of 72 percent over the prior quarter, installations are accelerating, and gross margin is improving as anticipated," said Chuck Kissner, chairman and CEO of Stratex Networks, Inc. "In September, we completed a private placement that raised approximately $22.9 million. These funds provide the company with a stronger balance sheet that, together with the new Eclipse platform, strengthens the company's competitive position while providing the working capital needed during this transition to the new product platform. "We are pleased with the progress of the Eclipse product line. We continue to focus on ramping up Eclipse volume and rolling out new hardware and software releases. These new releases address new features, additional frequency bands, and important product cost reductions that have been on our roadmap to expand the markets that Eclipse addresses," said Mr. Kissner. Conference Call Stratex Networks management will hold a conference call to discuss the company's financial results today, at 5:00 p.m. Eastern Time. Those wishing to join should dial 706-643-3737 (conference ID #: 1503942) at approximately 4:50 p.m. A replay of the call will be available stirting one hour after the completion of the call until November 1, 2004. To access the replay, dial 706-645-9291(conference ID # 1503942). A live and an archived webcast of the conference call will also be available via the company's Web site at www.stratexnet.com. Upcoming Investor Conference Stratex Networks management will be presenting at the AeA Classic Financial Conference in Monterey, CA on November 9th and 10th. Those wishing to listen to management's presentation can hear a live and/or an archived webcast of the event at www.stratexnet.com.