Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ignatiusoreilly who wrote (1608)	12/8/2004 11:13:17 AM
From: Rob Preuss	Respond to of 1762

Stratex to Cut Jobs by 25 Percent Wednesday December 8, 10:16 am ET Stratex Networks to Cut Jobs by 25 Percent in the December Quarter to Reduce Costs SAN JOSE, Calif. (AP) -- Wireless transmission company Stratex Networks Inc. reported Wednesday that it will cut 25 percent of its workforce in the December quarter to reduce costs. Stratex plans to shed 150 jobs worldwide in the quarter and take a related $3 million charge. Layoffs will be completed or communicated to affected employees by the end of the quarter, the company said. Stratex also expects an additional charge for writing off inventory because of outsourced manufacturing of its Velox LE product line. Analysts surveyed by Thomson First Call expect a third-quarter loss of 7 cents per share. The company said it expects to start seeing savings from the cuts by the fourth quarter of fiscal 2005 ending in March. Stratex estimates it could realize annualized savings of $7 million to $8 million by the first quarter of fiscal 2006. Shares of Stratex were down 1 cent to $2.03 in morning trading on the Nasdaq.

To: ignatiusoreilly who wrote (1608)	5/20/2005 5:45:34 PM
From: Rob Preuss	Respond to of 1762

Stratex Networks Extends and Expands Credit Facility Arrangement Monday May 9, 8:00 am ET SAN JOSE, Calif., May 9 /PRNewswire-FirstCall/ -- Stratex Networks, Inc. (Nasdaq: STXN - News), a leading provider of wireless transmission solutions, today announced that it has reached agreement with Silicon Valley Bank, the primary subsidiary of Silicon Valley Bancshares (Nasdaq: SIVB - News), to extend the company's credit facility to April 2007. The total available amount under this credit facility arrangement is $35 million, including a 4-year term loan and a revolving credit facility. This facility will provide resources for potential working capital requirements and other corporate purposes as needed. "The flexibility afforded us by this expanded credit line will provide added assurance as we continue to successfully ramp Eclipse(TM), our innovative wireless network solution," said Carl Thomsen, senior vice president and chief financial officer of Stratex Networks.

To: ignatiusoreilly who wrote (1608)	5/18/2006 7:41:23 PM
From: Rob Preuss	Respond to of 1762

BRIEFING.COM 4:25PM Stratex Networks appoints Thomas H. Waechter President and CEO (STXN) 5.00 -0.24 : 4:22PM Stratex Networks beats by a penny; guides in-line (STXN) 5.00 : Reports Q4 (Mar) earnings of $0.03 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.02; revenues rose 55.6% year/year to $64 mln vs the $62.4 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.02-0.04 vs. $0.03 consensus; sees Q1 revs of $62-66 mln vs. $63.26 mln consensus.