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

To: Czechsinthemail who wrote (1628)	4/14/2005 9:56:56 PM
From: The Ox	Read Replies (1) \| Respond to of 1762

In the last month of trading the stock has now fallen from $2.13 to $1.40AH. That's a fall of 34%. Whether or not this miss justifies a 33% drop in the stock is questionable. However, the press release still leaves plenty of questions which will not be answered until the official earnings report. The stock is now trading back where it was in Oct 2002. What a shame. The company appears to have totally lost the confidence of the street at this stage. I would have liked to see the company come out and defend the stock with a buy back announcement. Certainly, if the future is as positive as the CEO is trying to paint in the press release, then they should start buying back the stock.