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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (2705)	10/2/1998 1:05:00 PM
From: Sandra	Read Replies (1) \| Respond to of 7247

Tim, Thanks for the url...on xyln Looks like an opportunity at these prices. Sandra <<<<<<<Government business represents about 12 percent of overall revenue, said Brett Michaels, Xylan's director of federal sales. In 1995, the first year the government division started selling products, revenue was $3 million. Company officials project government revenue to hit $40 million in 1998. Despite Xylan's fast growth, including record earnings of $9.6 million for the quarter that ended June 30, the company's stock has fallen sharply in the recent market sell-off. Shares hit a 52-week low of $13.12 Sept. 17, down from a high of $31.30. But Marc Woodward, research analyst at Van Kasper & Co., a San Francisco investment bank, said Xylan's fundamentals are strong. He has a 12-month price target of $40 on the stock.>>>>>>>>