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


To: jaggie Malla who wrote (2558)10/12/1998 9:47:00 PM
From: Peppe  Read Replies (1) | Respond to of 4135
 
Thread,

It's official, ALA buys Packet Engines:

news.com

Sell-off of ALA's stake now makes more sense. Let's hope we begin to rally tomorrow !!

Peppe



To: jaggie Malla who wrote (2558)10/12/1998 10:03:00 PM
From: gbh  Read Replies (1) | Respond to of 4135
 
I think there is little doubt, XYLN will be under heavy selling pressure tomorrow. Just the uncertainty of what the Packet Engines purchase does to the ALA/XYLN relationship could drop the stock another 10%. Earnings had better be good, along with a good CC, or else this stock will be yet another casualty of the networking industry.

Gary