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Technology Stocks : Aviat Networks -- Ignore unavailable to you. Want to Upgrade?


To: Rob Preuss who wrote (36)5/2/2007 8:52:10 PM
From: Rob Preuss  Read Replies (1) | Respond to of 312
 
Wednesday's Tech Winners & Losers

By Mark Martinez

TheStreet.com Staff Reporter

5/2/2007 4:39 PM EDT

[snip]

Meanwhile, Harris Stratex Networks (HSTX - Cramer's Take - Stockpickr) tumbled 20.6% after the wireless communications company posted disappointing third-quarter results and warned that fourth-quarter earnings would be below forecasts. For the quarter ended March 30, the company reported adjusted earnings of $3.7 million, or 6 cents a share, on revenue of $146.8 million. Analysts expected earnings of 21 cents a share.

Looking ahead, the company sees adjusted fourth-quarter earnings of 13 cents to 18 cents a share, below the 25 cents a share that analysts project. Shares closed down $4.09 to $15.75.

[snip]