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

To: fred333 who wrote (1698)	5/18/2006 7:02:22 PM
From: Rob Preuss	Respond to of 1762

Stratex Networks swings to a profit, names new CEO Thursday May 18, 6:38 pm ET Stratex Networks Inc. posted a profit of $3.3 million, or 3 cents a share, on Thursday and named Thomas H. Waechter president and chief executive. The company posted a loss of $13.3 million, or 14 cents a share, a year ago. Revenue was $64 million, compared with $41.1 million a year ago. Waechter succeeds Chuck Kissner, who continues as executive chairman for the San Jose-based wireless transmission company (NASDAQ:STXN - News). Waechter, an independent director of Stratex Networks since December, is a technology veteran with more than 20 years experience. Looking ahead, the company expects earnings in the first quarter of fiscal 2007 to range between 2 cents and 4 cents a share on revenue ranging between $62 million and $66 million. Published May 18, 2006 by the Silicon Valley/San Jose Business Journal