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

To: Gary Korn who wrote (3480)	11/20/1998 9:32:00 AM
From: Mark Duper	Read Replies (1) \| Respond to of 4135

ot Does anyone know the difference between pooling and purchase accounting, or a web site that might have an answer? TIA, Mark

To: Gary Korn who wrote (3480)	11/20/1998 12:30:00 PM
From: Gary Korn	Respond to of 4135

November 20, 1998 SAN JOSE, CALIFORNIA, U.S.A. : Research published this morning by Dataquest, a division ofthe Gartner Group [NYSE:IT], suggests that, despite the falling cost of hardware, revenues from local area network (LAN) switches are going through the roof. In research that could make PC vendors' jealous, Gartner says that, during the third quarter of this year, revenues topped the $2.1 billion mark. The report notes, however, that, while the routers and LAN switch markets are doing very nicely, the shared media hubs marketplace is struggling. Delving into the research, which is published as part of Dataquest's Networking Worldwide program, the $2.1 billion revenues for the third quarter were some 28.7 percent higher than for the same period last year. Breaking down the figures reveals that Fast Ethernet switches accounted for the lion's share, $1.2 billion, of the $2.1 billion market. According to John Armstrong, a principal analyst for Dataquest, this area of the market, also known as the layer 3 switch market, is performing very strongly. "Layer 3 switches have grown to account for $188 million of the LAN switch market. Layer 3 switches are poised to be one of the fastest growing segments in the coming quarters," he explained. According to Dataquest, during the third quarter, the worldwide router market grew 19.3 percent with revenue reaching $1.6 billion, while shared media hubs revenue slipped to just $516 million in the quarter -- down 44 percent on the same period last year. Armstrong noted that demand for multigigabit routers is continuing to increase, with the result that the networking industry should look out for changes in the multigigabit router space as new market entrants begin to ship products later this year. "Shared media hub port shipments have declined as the lure of higher- performance switching solutions becomes stronger," he explained. Further details of Dataquest's research in the networking marketplace is available on the firm's Web site at dataquest.com

To: Gary Korn who wrote (3480)	11/27/1998 5:54:00 AM
From: Trevor Quest	Read Replies (1) \| Respond to of 4135

RE Short Sell Shares: I just spoke with a friend who works as a Prime Broker for a global investment bank. His job is to locate shares of stock for hedge funds who want to short stocks. He said Xylan has been trading special meaning the stock is extremely difficult to borrow and the fee's for doing so are very high. A large percentage of this stock, approximately 15%, is owned by the Kim family so this stock is restricted and can't be shorted. Recently, Barclays Bank and another bank just increased their stake to over 1M shares each through block trades. Although they could lend the shares out to reduce the carry cost of the trade they may not choose to lend to shorters either. So, because of the dearth of available stock to borrow, anything we can do as individual investors to restrict the supply, like move the shares to a cash account as suggested by Gary, might make a difference. If this info is repetitive, I apologize as I have not had time to go back and read every thread. Cheers all - TQ