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

To: fred333 who wrote (1707)	5/18/2006 10:10:39 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

Trend is solidly positive, so rising stock price will happen. Not looking for a skyrocketing stock price but a steady improvement over the next 12 months. Recent drop was unfortunate but one may argue that the stock got ahead of itself. I consider the stock a "strong buy" at today's closing price of $5. However, I'm not buying more myself at this time because I'm already far too heavily overweighted in this one stock; I own a very large stake (accumulated over a period of years) that now comprises a huge fraction of my portfolio value. At the same time, I'm not selling any shares either since I expect the share price to rise over the next 12 months. Here are my notes from the Q4 conference call: 1. Almost universal "congratulations" offered by the analysts. 2. Forecast Q1 Revenue: $62-66 M. GM: 30-32%. 3. Cash up $17.6M from Q3. 4. GM 30.7% (vs 29.3% in Q3). 5. Market expected to grow 10-15%. STXN expects to grow AT LEAST that fast. 6. Eclipse margin is "north of 40%". Other products about 15%. Services 10%. 7. ALA deal will provide meaningful/positive contribution to STXN bottom line by the 2nd half of FY07. 8. E300HP, which was introduced in January, is extremely popular - far more so than expected. It is still not available at all frequencies. The ALA deal pertains only to this product. ALA has been winning business for E300HP at frequencies that are not yet available. STXN is very pleased with ALA performance. 9. Next generation product is planned. Expect to expand into product areas that are "adjacent" to Eclipse - that is, whatever Eclipse connects to: higher capacity, network access products, network management products, etc. Not likely that they will go into P-MP products (customer management would be greatest challenge to do this; STXN doesn't have right set of skills/experience to support P-MP). 10. Taxes expected to be $500k to $600K per quarter going forward. 11. Biggest current challenge is to ramp up the supply chain to meet demand. This will happen but will take time: especially for some E300HP components. 12. E300SP is a major new product announced yesterday. It is a companion to the E300HP. It is highly cost effective and has been designed for high volume production. Will help keep margins growing. 13. STXN and ALA coordinate on supply chain management issues related to the E300HP. Working together to urgently ramp up the supply chain to meet their joint forecast of demand. ALA making sales in N. American market. 14. Large total orders in Q3 was a bit anomolous in the short term, but hopefully will not be anomolous in the long term. Q1 is looking like a "normal" quarter so far. As always, orders are "lumpy", particularly those from the Asia/Pacific region. 15. STXN will present at CIBC conference in NYC (3 August 2006). Q4 Revenue Europe 14.3 M Asia/Pacific 10.7 M Americas 6.6 M Mideast/Africa 32.4 M Eclipse 46.1 M XP4 4.3 M Altium 4.5 M DXR 1.5 M Services 7.6 M Q4 Orders Europe 20.9 M Asia/Pacific 4.1 M Americas 9.0 M Mideast/Africa 31.3 M Eclipse 50.9 M XP4 4.5 M Altium 0.6 M DXR 1.7 M Services 7.6 M If I had been on the conference call live (I was instead on a flight) I might have asked what effect the weakness in the US dollar is having on their sales, margins and profitability. Is this a plus or has it been neutralized by currency hedging? Rob

To: fred333 who wrote (1707)	9/13/2006 1:00:45 PM
From: Rob Preuss	Respond to of 1762

Stratex Networks to Present at the Merriman Curhan Ford & Co. Investor Summit SAN JOSE, Calif., Sept. 13 /PRNewswire/ -- Stratex Networks, Inc. (Nasdaq: STXN), a leading provider of wireless transmission solutions, today announced that Chuck Kissner, chairman of Stratex Networks, Tom Waechter, president and CEO and Carl Thomsen, senior vice president and CFO, will present at the Third Annual Merriman Curhan Ford & Co. Investor Summit. This event will be held at the Mark Hopkins InterContinental Hotel in San Francisco. Stratex Networks management is scheduled to present on Wednesday, Sept. 20 at 11:45 a.m. The presentation will be webcast live on the company's Web site at stratexnet.com . An archive of the webcast will be available for 90 days. More information about the conference can be found at: merrimanco.com.