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The Week Past
Well, we had the Dow down last week by finishing -0.1% for the week, the Nasdaq finished the week -4.5%, The S & P 500 was -1.3%, and the Russell 2000 was +?%. All traders should pay closer attention to their mental stops or plan on riding out some bumps along the way.
This last week was a small downturn for the Dow and a medium downturn for the Nasdaq. We believe margin is fine to use if you DO NOT margin all your holdings. We feel it would be prudent to have 1/2 of an account on margin at this time.
We believe that a long-term or swing-trader should have 1/3 of their portfolio on margin at this time. A daytrader could have some margin of up to 1/2 of his holdings if you use tight stops. We want short-term traders to have their stops in a tighter range of –5% to -10% We suggest using -20% stops on your long-term positions at this time.
Well, the Dow was down small and the Nasdaq finished the week down large.
Last Weeks Economic News
The Economic reports coming this week are: on May 29th at 8:30 Am EST the Personal Income and Consumption reports will be released and at 10:00 Am EST the Conference Board Consumer Confidence report will be released; on May 31st at 8:30 AM EST the Initial Claims for joblessness report will be released and at 10:00 AM EST The Philadelphia Fed Index and Chicago PMI reports will be released; and on June 1st at 8:30 AM EST the Auto and Truck Sales reports will be released and at 8:30 AM EST The Employment Report will be released. .
This Weeks Economic News
The reports are: on June 4th at 12:00 AM EST the Truck and Auto Sales reports will be released and on June 7th at 8:30 AM EST the Initial Claims for joblessness report will be released. These reports will rate a C- to C+ on a scale of A-F. Everyone should place close attention to pre-market trading and how the futures are acting each morning before the market opens for trading.
IPOs by M_A_Trader©:
Ipos are not coming out now as the market goes lower. There will not be many ipos coming to the market so check them out on at this web site. Click on Ipo Info is a great site to research ipos.WARNING: IF YOU BUY IPOs AFTER THE STOCK OPENS USE LIMIT ORDERS ONLY.
We have heard FRONTIER OIL CORPORATION (NYSE: FTO) may become a takeover candidate at $15-16. This stock would be a very speculative play in the energy sector. Buy under $9 with a mental stop at $6 ½. Well, FTO is at $12.45 on May 15th so we would recommend a trader sell ¼ of their holdings and take some profits off the table if they bought below $9. Hold the rest for our $16 target and move the stop up to $11.75. Only use money you can afford to lose all of it in this type of trade.
FTO hit our stop of $11.75 on May 23, 2001 so if you still hold some FTO you should have been stopped out at a nice gain.
FTO hits $17.00 for a high on June 6, 2001 so it did our target of $16.00.
The FED cut rates 50 basis points on May 15, 2001. The Fed will next meet on June 26-27, 2001.
”A” Portfolio Stock Report by M_A_Trader©
We added more MDT at $41.25 and AAPL at $23.25 to the “A” Portfolio on May 23rd, 2001.
AAPL ($20.80) News for AAPL: No new news for AAPL. AAPL
We added MDT at $43.86; ISIL at $29.75; RETK at $29.75; and CTLM at $30.75 to our “A” Portfolio.
Here is some information on the above four stocks.
MDT ($44.30): Medtronic, Inc. News for MDT: “MINNEAPOLIS--(BUSINESS WIRE)--May 30, 2001-- Medtronic Acquires Global Leadership in Diabetes Management Medtronic, Inc. (NYSE:MDT), announced today that it has signed an agreement to acquire MiniMed Inc. (NASDAQ:MNMD), the world leader in the design, development, manufacture and marketing of advanced medical systems for the treatment of diabetes. In a separate but related transaction, Medtronic has agreed to acquire Medical Research Group, Inc. (MRG), a private corporation that designs and develops implantable technologies related to pumps and sensors used primarily for the treatment of diabetes. MiniMed is a shareholder of MRG. The agreements, valued at 3.7 billion, include a cash purchase price of 48 per share for MiniMed and approximately 420 million in cash and stock for MRG. "The acquisition of MiniMed and MRG gives additional momentum to both our short- and long-term strategies for growth," said Art Collins, chief executive officer of Medtronic. "MiniMed's market leadership in diabetes management offers immediate opportunities for reaching an expanding market that includes more than 16 million people in the United States. In addition, we believe that MRG's implantable glucose monitoring and insulin delivery systems fit Medtronic's longer-term strategic objective of providing lifelong solutions for people with chronic diseases." Terry Gregg, president and chief operating officer of MiniMed, noted, "Medtronic's leadership in developing and marketing new medical technologies is well-known and will be of tremendous assistance as we provide medical device solutions to diabetes patients. We are confident that the combined synergies created by our expertise in diabetes and Medtronic's advanced technologies and global distribution systems will allow us to offer an expanded, more sophisticated product line to the growing numbers of patients who need our products." MiniMed, headquartered in Northridge, Calif., and founded in 1983 by entrepreneur Al Mann, is the world leader in insulin pump therapy products. The company, which develops and sells external pumps and related disposables for insulin delivery, as well as continuous glucose monitoring systems, employs approximately 1,600 people. Revenues have grown at 43 percent compounded annual growth rate, from 99.5 million in CY 1997 to 294 million in CY 2000. During the same period, income rose from 6.7 million to 43.2 million. MRG, in collaboration with MiniMed, is currently developing an implantable insulin pump and a fully implanted long-term glucose sensor. In combination, these implantable products would create a closed-loop, "artificial pancreas," allowing for more efficient regulation of blood glucose levels and a decrease in the frequency and severity of diabetic complications.” MDT
CTLM: Centillium Communications. News for CTLM ($24.10): No new news for CTLM CTLM
ISIL ($36.30): ISIL News for ISIL: No new news for ISIL. ISIL
RETK ($35.76): etek Inc. News for RETK: No new news for RETK. RETK
We have added AXP at $37.50; FRE at $60.50; and XLF at $25.50 to the “A” Portfolio a few weeks ago. All three stocks are in the financial sector. Here is some information on all three companies.
AXP American Express ($42.32). News for AXP: No new news for AXP. AXP
FRE ($66.75) News for FRE: No new news for FRE. FRE
Financial Sel Sect Spdr Fd (AMEX: XLF $29.05) is a sector spider traded on the AMEX.
The upper resistance levels for the Nasdaq is 2,350 and then 2,575. Support is at 2,200 and then 2,100. We would like to see the Nasdaq stay above 2,100. The Dow has support at 11,000 and then 10,900. Resistance is at 11,300.
The “A” Portfolio is going to a strict percentage gain or loss sell mode for now with the market fluctuating so much at this time. If a position moves up +20% one-quarter of the position will be sold, at +40% another one-quarter will be sold, and then at +75 to +100% another one-quarter of the position will be sold. That will leave one-quarter of the position to ride the stock higher. We still will use –30% to exit a stock position. Our targets for these stocks are on our Charts page.
We will talk about more of the stocks in the “A” Portfolio in the coming weeks.
All the past additions to the “A” Portfolio are on this page now.”A” Portfolio Additions
Please read our disclaimer about the “A” Portfolio here. ”A” Portfolio Disclaimer
Stock Charts for 2000 and 2001
The Charts page will be up and running by the end of June 2001.This page has links to all our stock charts and “A” Portfolio results for 2001.The Charts
After we turn from overall market downward momentum to upward momentum these two Canadian companies should rebound well.
Infowave Wireless (IW:TORONTO) Target US$30 Infowave is well positioned to take advantage of the coming boom in wireless email. Thomas Koll(a current VP at Microsoft) will be starting as the companies CEO on February 15. They have many impressive partners including Intel, Nokia and Compaq. Current market conditions have made this stock very oversold.
Rogers Communications (RCB.A:TORONTO) Target US$42 Rogers is Canada's largest cable television company they also have their hands into providing high speed internet as well as cellular and paging services. The long-term outlook for this company is stable and is likely to see steady growth in a booming industry.
LEAPS® information is now on this page. LEAPS®
Stocks We Like
Research in Motion closed the week at $37.40 we have lowered our 12 month target to $155 (RIM, TSE) (RIMM, NASDAQ). News for RIMM: We are letting RIMM run for our target of $155. Since we already have PALM a trader may want to add HAND and have all three in their portfolio.We added RIMM at $40 ¼ and today March 28th we added more RIMM at $20.You may have to hold RIMM for 12 – 18 months depending on how the market is doing. RIMM has found partners in AOL and Compaq. Amazon has Crackberry available for $499 with service available at $39.95 per month. News for RIMM: “SAN FRANCISCO, CA, June 4 /PRNewswire/ - Research In Motion Limited (RIM) (Nasdaq: RIMM TSE: RIM), a world leader in the mobile communications market, and Sun Microsystems, Inc. (Nasdaq: SUNW) today announced one of the first Java(TM) technology-based wireless handhelds at the JavaOne conference this week. Going beyond standard KVM integration, RIM has implemented Java 2 Micro Edition (J2ME) as the core operating system for the BlackBerry wireless handheld and has ported BlackBerry applications to work on J2ME. This design will allow third party applications to tightly integrate with built-in BlackBerry applications such as calendar and email. Java technology provides an industry standard programming platform that significantly eases the development and deployment of wireless applications. The J2ME platform is optimized for wireless handhelds and in combination with the Connected Limited Device Configuration (CLDC) and Mobile Information Device Profiles (MIDP), offers a robust, portable environment for the creation of new wireless applications. Support for J2ME opens development of new applications for BlackBerry to more than two and a half million Java technology developers, according to Sun Microsystems. "Sun's J2ME provides an open, robust application development environment for RIM and its partners," said David Yach, Vice President, Software at Research In Motion. "We have fully integrated J2ME as the core operating system on our next-generation of 2.5G BlackBerry handhelds, allowing for an unprecedented level of application integration and functionality." "By optimizing the Java Virtual Machine and porting BlackBerry applications in their entirety to J2ME, RIM has created a solid, secure, extendable handheld environment with a quick, responsive and easy-to-use interface," said Rich Green, Vice President and General Manager, Java Software, Sun Microsystems. "Sun strives to work with industry leaders such as RIM to advance the J2ME open standards platform for the wireless industry." At the JavaOne developers conference this week, RIM is demonstrating its J2ME-based BlackBerry platform. RIM's Development Environment for J2ME will be based on open standards and will include a device simulator and real-time debugger with a full suite of integrated utilities to help quickly build, test and deploy applications. Compliance with J2ME, CLDC and MIDP specifications provides a "Write Once, Run Anywhere" cross-platform environment that will attract and support a broad base of developers. RIM's Development Environment for Java technology is expected to be publicly available later this year. Until then, developers are also encouraged to use Sun's wireless J2ME toolkit available at Toolkit “. RIMM
VIRS (4.95 ) is a very speculative buy at this time. VIRS is a strong buy if it sinks down to $5 1/2 – 6 1/2 Only buy it if you can afford to lose all you invest in it. The chart for VIRS is looking good so continue to hold this stock for our $25 target. News from VIRS: No new news for VIRS now.
Management and product development strategy is available on Triangle's website at: VIRS
We are adding another blown up stock as a speculative buy. We are adding ZOOX (3.20), as a very risky buy at $2 ½ or lower with a target of $29 in 24 months. ZOOX is currently having a slow down in sales year to year. Its new switch for SANS are not selling as well as management expected. New management has been installed but it may take two or more quarters to fix their inventory oversupply. Well, ZOOX has not been doing very good since we recommended it a few months ago. We would average into more of ZOOX and hold for the long-term. ZOOX may be dead money for the next two-three quarters. News for ZOOX this week: “SAN JOSE, Calif., June 4 /PRNewswire/ -- Gadzoox Networks, Inc. (Nasdaq: ZOOX), a supplier of intelligent storage networking products, and IBM have completed preliminary testing of the new generation of open standards, 2 Gb storage products. IBM and Gadzoox Networks are committed to working together to test and bring to market new high performance, interoperable products. The recently announced IBM ProFibre Storage Array DF4000J and Gadzoox Networks' Slingshot 4218, both standards-based, 2 Gb Fibre Channel products, have passed initial tests that demonstrate interoperability and support for key functions such as the new auto-negotiating standard. During the preliminary tests, the Slingshot open fabric switch and the ProFibre Storage Array interoperated seamlessly, and quickly auto-negotiated between 1 Gb and 2 Gb speeds. "IBM and Gadzoox Networks are committed to working together to test and bring to market new high performance, interoperable products. Gadzoox Networks shares our commitment to provide our customers with standards-based products that seamlessly interoperate," said Mike Joyce, Sr. Director, IBM OEM Subsystems. "As we lead the industry to 2 Gb in our respective markets with product like our recently announced 2Gb storage enclosure, the DF4000J, it is imperative that we provide a high level of interoperability, in addition to high performance products." "The industry is transitioning to the third generation in SANs, where customers are expecting interoperable, standards-based products, and we are pleased to be leading this transition with partners like IBM," said Clark Foy, vice president, Marketing, Gadzoox Networks. "Interoperability and implementation costs have been two barriers holding back the broader adoption of SANs, and we are determined to remove these concerns for our customers.” About Slingshot 4218 Announced in April, the Slingshot 4218 offers: -- Interoperability with existing 1 Gb devices as well as the latest standards-compliant 2 Gb devices to protect customers' investments while allowing for a migration to the next generation of Fibre channel products -- 2 Gb full-duplex ports to meet the requirements of high-performance applications -- Auto-sensing and automatic speed negotiating ports to simplify installation and ongoing management of storage networks -- 18 ports in a compact 1U form-factor offers the industry's highest port density, addressing the increasing issue of space constraints in branch offices, data centers, and service providers. About Gadzoox Networks Gadzoox Networks, the first company to announce and demonstrate 2 Gb open fabric switch technology, offers intelligent Storage Area Network (SAN) Fibre Channel products that free IT managers from the increasing challenges of managing greater amounts of data with limited resources. Gadzoox Networks' industry-leading storage networking products improve backup and restore, enable high availability, accelerate performance, and reduce storage management costs. Gadzoox Networks is a voting member of the Storage Networking Industry Association (SNIA), with corporate headquarters located at 5850 Hellyer Avenue in San Jose, California. For more information about Gadzoox Networks' products and technology advancements in the SAN industry, visit the company's Web site at http://www.gadzoox.com . Only buy this stock if you can afford to lose your entire investment in ZOOX.ZOOX
We are looking at adding IOM Iomega Corp. ($2.56) to our “A” Portfolio under $3.00. It has come out with a new storage device for home computers that will hold 10-20 Gigs of data. IOM is another beaten up high tech stock so only invest money in it you can afford to lose all. We added IOM at $2.82 to our “A” Portfolio.
Iomega Corporation designs, manufactures and markets innovative storage solutions, based on removable-media technology for personal computer & electronics device users. For the 3 months ended 4/1/01, sales fell 19% to $278.2M. Net income fell 81% to $9.8M. Revenues reflect a reduction in Zip(R) and Jazz(R) drive and disk sales. Net income also suffered from lower Zip margins, increased R&D expenditures and a higher effective income tax rate. IOM
News for IOM: No new news for IOM.
For more information about the Iomega Peerless drive system, please visit Peerless. Price and availability The Iomega Peerless drive system can be ordered today by residents of the U.S. through Order Shipments to international regions are expected to begin at the end of May. The drive with interface module retails for 249.95 (U.S. suggested retail price). Individual Peerless disks can be ordered today for 159.95 (10GB) and 199.95 (20GB) (U.S. suggested retail prices). The base station bundled with an interface module and a 20GB disk retails for 399.95 (U.S. suggested retail price). The base station bundled with an interface module and a 10GB disk retails for 359.95. FireWire interface modules are expected to be available within weeks.”
Over the next few weeks we will talk about the stocks in our “A” Portfolio. We added more IMNX ($17.08) to our “A” Portfolio because they still will sell all the Enbrel they can produce and have a waiting list for Enbrel. IMNX News for IMNX this week: No new news for IMNX.
Corvis Corporation CORV ($6.47) News for CORV: “ATLANTA--(BUSINESS WIRE)--June 5, 2001--Corvis Corporation (NASDAQ:CORV) today announced the CorWave Optical Convergence Switch (OCS), which extends Corvis' next-generation product offering from the network core to the network edge. The CorWave OCS enhances Corvis' intelligent optical networking solutions by providing both electronic and photonic switching capabilities for voice and data-centric networks. The CorWave OCS will be on display in Corvis' booth 5856 at SUPERCOMM 2001, June 5-7 at the Georgia World Congress Center in Atlanta. "Carriers require a flexible solution, which enables them to evolve their existing network to address the dynamic data-centric demands of their customers, while leveraging their current SONET-based infrastructure," said Dr. David Huber, President and CEO, Corvis Corporation. "The CorWave OCS' pioneering dual switching fabric provides carriers a cost-effective solution, which increases network utilization while enabling the delivery of new broadband services to businesses and consumers." The CorWave OCS is the industry's first multiband network product. The CorWave OCS incorporates both an electronic switch fabric for STS-1 grooming and aggregation, and a photonic switch fabric for wavelength switching. By combining both technologies, the CorWave OCS offers a single-network management platform, which enables a seamless network management across multiple network topologies, such as point-to-point, ring and mesh, and network architectures. The CorWave OCS platform allows carriers to integrate existing voice-based access, metro, regional and national as well as across all-optical express network and efficiently moves traffic through their network. As wavelength services are introduced to the network, the CorWave OCS can be scaled efficiently using wavelength switching in the photonic portion of the CorWave OCS. By switching express layer wavelengths, which do not require grooming, carriers can eliminate the unnecessary growth of electrical switches in their network, saving on capital and operational expenditures, while increasing network flexibility. The CorWave OCS electronic fabric can serve as an edge switch to groom and aggregate STS-1 traffic, allowing carriers to provision sub-wavelength services through their networks. The CorWave OCS electronic switch fabric scales from 240 Gb/s in a single shelf up to 11.5 Tb/s. The CorWave OCS photonic switch fabric can support up to 4,000 bi-directional all-optical ports. In addition, the CorWave OCS provides flexible configuration options, supporting all-electronic, all-photonic or a combination of electronic and photonic switching fabrics depending on a carrier unique network traffic and service requirements. The CorWave OCS also provides carriers a classic "pay-as-you-grow" deployment strategy, enabling the carrier to scale the CorWave OCS as traffic demands increase. "Corvis continues to be a leading player in optical networking, as evidenced by its CorWave OCS product, which will help us combine electrical grooming for SONET termination and optical switching for network transparency in a single platform," said John McClellan, president of EPIK Communications. EPIK, a leading carriers' carrier with a high-performance fiber optics network, plans to migrate its network from SONET rings to a fast recovery mesh architecture. "We're pleased to be working with Corvis on a product initiative that will ultimately result in lower costs and improved efficiency for our customers." The CorWave OCS extends the value and reach of Corvis' optical networking solutions to the network's edge with the CorWave TruePath operating system. Using Generalized Multi-protocol Label Switching (GMPLS), the CorWave OCS utilizes a distributed end-to-end provisioning capability to improve service velocity and restoration intervals, which are essential for next-generation services. The CorWave TruePath operating system allows carriers to establish rules for selecting routes through the network based on their unique network requirements. As a result, service providers can maximize bandwidth efficiency based on destination and cost. "Carriers need to maximize the value of their existing SONET infrastructure while at the same time evolve their networks to accommodate new wavelength services," said Sterling Perrin, Senior Research Analyst, Optical Networks, IDC. "Products like Corvis' CorWave OCS, help carriers accomplish this goal by combining subwavelength grooming and all-optical switching in a single platform. CorWave OCS is the first product resulting from Corvis' acquisition of Baylight Networks, which was completed in June 2000. The product will be commercially available in Q1 2002.” CORV
Sycamore Networks (SCMR) ($11.06) News for SCMR: “ATLANTA--(BUSINESS WIRE)--June 5, 2001-- Industry's Only Network Aware Grooming Switch Enables Service Providers to Reduce Provisioning Costs and Decrease Time to Revenue by Over 85 Percent While Utilizing Up to 100 Percent of Available Bandwidth Resources Sycamore Networks (NASDAQ: SCMR), a leader in intelligent optical networking, announced the availability of its large grooming version of the SN 16000 intelligent optical switch. With this release, the SN 16000 is able to scale to a 1024 x 1024 OC-48/STM-16 switch fabric with full grooming capabilities, provide dual network aware control planes and offer voice quality restoration. Currently shipping in a 512 x 512 OC-48/STM-16 or 128 x 128 OC-192/STM-64 configuration, the SN 16000 is the highest density optical grooming switch available on the market today. These features offer incumbent and emerging carriers the industry's best mix of capacity utilization and advanced features in a space-saving form-factor. "We chose the SN 16000 because it allows our next-generation BellSouthMIX network to offer unprecedented bandwidth, speed and performance to Internet Service Providers (ISPs), Web hosting firms and other Internet-related businesses," said Susan Campbell, senior director of BellSouth's Internet Exchange services. "Sycamore's SN 16000 dynamically routes and re-routes traffic to support the rapid changes required by our customers and is the intelligent infrastructure that will enableBellSouth to meet future value-added service requirements for BellSouthMIX applications." Carriers using grooming optical switches are able to maximize available resources, revenues and minimize additional investments in existing infrastructures. Capable of supporting a 1024 x 1024 switch fabric, the SN 16000, on display at Sycamore's SUPERCOMM Booth (2530), offers full grooming capabilities down to the STS-1/AU-3 level through OC-192/STM-64 and allows for automatic recognition and switching for all standard SONET/SDH concatenation rates. The automation is enabled with the introduction of dynamic channelization, a new soft-optic feature that allows service providers to increase network and operator efficiency by automating end-to-end service provisioning. This capability results in significant savings in both equipment and resources. "The large grooming version of the SN 16000 offers the industry's most advanced grooming options, scalability and density, while also providing embedded features that allow the SN 16000 to seamlessly co-exist in any network," said Jeff Kiel, vice president and general manager of Sycamore's Core Switching Business Unit. "By using Sycamore's SN 16000 instead of traditional Digital Cross-Connect System (DCS) equipment, service providers can realize tremendous cost, power and space savings today, while creating a solid foundation for offering next-generation services as their needs dictate." Sycamore's SN 16000 continues to leverage the intelligence of the BroadLeaf(TM) Network Operating System (NOS), Sycamore's node-resident software platform, for optical routing and signaling control. The SN 16000 optimizes the use of available network resources by leveraging BroadLeaf's optical insight to understand protection and restoration schemes, Virtual Private Network (VPN) assignments, Service Level Agreements (SLAs) and capacity allocations. BroadLeaf's open, IP-centric architecture supports both current and emerging optical signaling standards such as GMPLS and OIF UNI 1.0 to ensure interoperability with other networked devices. The SN 16000 achieves true network awareness by sharing BroadLeaf's optical insight throughout the entire network, with the use of a dual control plane. The dual control plane (in-band and out-of-band) protects critical configuration and management information, ensuring it remains intact even if a circuit fails. This feature not only allows Sycamore's SN 16000 to optimize available network resources and call up additional bandwidth as needed, it also allows seamless integration in multi-vendor networks, regardless of topology. Additional software enhancements enable the SN 16000 to offer sophisticated levels of protection and restoration options regardless of network topology. Options such as tiered levels of protection, guaranteed diverse paths and sub-50 millisecond SONET/SDH-level restoration not only provide operational savings, but also allow for service differentiation and the creation of new revenue streams. Offering intelligent optical transport, switching and management solutions from the edge through the core of the public network, Sycamore's solutions can be used as a foundation for a fundamentally new network architecture -- mesh, or as a bridging technology to help service providers enhance their existing ring-based architectures. Added to the host ofunprecedented features already available, the SN 16000 enables carriers to maximize their networking resources while addressing new customer demands for high-speed, data optimized services.” SCMR
Ceragon Networks Ltd. (CRNT $3.35) News for CRNT: “TEL AVIV, Israel--(BUSINESS WIRE)--June 5, 2001-- FibeAir(TM) Product Family Expanded to Meet Growing Demand for High-Capacity Cellular Backhaul Connectivity Ceragon Networks Ltd.(TM)(NASDAQ: CRNT), a global provider of high-capacity broadband wireless systems for next generation communications networks, announced today at SUPERCOMM 2001 the expansion of its FibeAir product family to include the 13 and 15 GHz frequency bands. Expanding the FibeAir family enables the company to meet growing demands for high-capacity cellular backhaul connectivity, and to increase its global customer base in Asia, Latin America and Europe. Service providers can now benefit from FibeAir's ability to operate across a complete range of frequency bands, including 13, 15, 18, 23, 26, 28, 29, 31 and 38 GHz. The extended FibeAir product family increases the flexibility of Ceragon's offering by giving fixed and mobile communications service providers a wide series of solutions according to frequency band, capacity, range and bandwidth requirements, while supporting ETSI and FCC standards. The addition of lower frequency bands broadens the mix and match' capabilities that contribute to FibeAir's flexibility. TEL AVIV, Israel--(BUSINESS WIRE)--June 5, 2001-- FibeAir(TM) Product Family Expanded to Meet Growing Demand for High-Capacity Cellular Backhaul Connectivity Ceragon Networks Ltd.(TM)(NASDAQ: CRNT), a global provider of high-capacity broadband wireless systems for next generation communications networks, announced today at SUPERCOMM 2001 the expansion of its FibeAir product family to include the 13 and 15 GHz frequency bands. Expanding the FibeAir family enables the company to meet growing demands for high-capacity cellular backhaul connectivity, and to increase its global customer base in Asia, Latin America and Europe. Service providers can now benefit from FibeAir's ability to operate across a complete range of frequency bands, including 13, 15, 18, 23, 26, 28, 29, 31 and 38 GHz. The extended FibeAir product family increases the flexibility of Ceragon's offering by giving fixed and mobile communications service providers a wide series of solutions according to frequency band, capacity, range and bandwidth requirements, while supporting ETSI and FCC standards. The addition of lower frequency bands broadens the mix and match' capabilities that contribute to FibeAir's flexibility. "Cellular operators are consistently growing their subscriber base while providing additional capacity-rich data applications. These operators require a high-capacity wireless infrastructure solution both within and beyond the metropolitan area," said Shraga Katz, president and CEO, Ceragon Networks Ltd. "The 13 and 15 GHz frequency bands are ideal for long-range applications beyond the metropolitan area. By extending our operating range, we further demonstrate our commitment to providing an end-to-end solution for cellular backhaul." FibeAir's flexible, modular and scalable design suits the cellular network evolution from GSM to GPRS and UMTS. As an intelligent network element, FibeAir offers multiple capacities from 45-622 Mbps, supports SONET/SDH, ATM and IP network protocols and ring, mesh and star network topologies. Ceragon Networks is exhibiting its FibeAir product family at SUPERCOMM 2001, booth No.6540, at the Georgia World Congress Center in Atlanta, June 5-7.” CRNT
Capstone Turbine Corp. CPST ($30.75) News for CPST: “CHATSWORTH, Calif.--(BUSINESS WIRE)--June 4, 2001--Capstone Turbine Corporation (www.microturbine.com Nasdaq:CPST) today completed its first stand-alone Capstone 60 microturbine power system. "This is a very important functionality," said Dr. Ake Almgren, President & CEO of Capstone Turbine. "This system is able to start itself with its integrated energy storage system. So the Capstone 60 can operate independent of any electric grid. Automatic dual-mode switching between the grid-connected mode and stand-alone mode is also possible with this configuration." Capstone's 30-kilowatt Model 330 systems have had this functionality for nearly two years. The company introduced their 60-kilowatt microturbine in September of last year. The Capstone 60 was originally specified as having an electrical efficiency of 26 /-2 at ISO conditions. Having now tested a larger sample, the company has increased its rating to 28 /-2. "One of the primary benefits of an onsite, stand-alone power system is the assurance of a reliable source of electricity, whether the grid is available, experiencing a rolling blackout, or down due to severe weather or other conditions. With stand-alone and dual-mode functionality, the Capstone 60 is now able to provide this benefit to a very broad range of energy users," Almgren said. Capstone MicroTurbine systems generate electricity and heat. When both forms of energy are used, total system efficiency of 70 to more than 90 percent can be achieved. "This first stand-alone unit will be one of a 6-pack of stand-alone Capstone 60s that will be deployed by our UK distribution partner, Advantica," Almgren said. Advantica Technologies Ltd. (www.advanticatech.com), formerly BG Technology Ltd. is an award-winning company with annual sales of 80 million Pounds Sterling and customers in more than 30 countries. Advantica is part of the recently formed Lattice Group (www.lattice-group.com) of energy, telecommunications, property reclamation and related infrastructure businesses. Advantica plans to install the 6-unit MultiPac system at a prestigious hotel development. Heat from the systems will be used for water heating, laundry and space heating at the hotel via Advantica's award-winning MiniGen(TM) combined heat-and-power (CHP) solution. A month ago, Advantica earned the "most innovative" award at this year's Gas Industry Awards hosted by the Institution of Gas Engineers and the Society of British Gas Industries. The judging panel chose Advantica for its "innovative, ultra low emission and highly cost-effective, microturbine-based, combined-heat-and-power (CHP) package for small and medium commercial operations." Advantica's high-efficiency MiniGen systems are built upon Capstone's low-emission microturbine technology that provides energy, cost and environmental benefits to both small and large users alike. This is a significant advantage, as it can be installed by a variety of businesses ranging from leisure centers, nurseries and hospitals, to supermarkets and hotels, all of which are subject to the Climate Change Levy (CCL) -- the new energy tax implemented by the UK government in April.” CPST
CORR ($33.12) News from CORR: “SOUTH SAN FRANCISCO, Calif.--(BW HealthWire)--June 4, 2001--COR Therapeutics, Inc. (Nasdaq:CORR) announced today that it proposes to offer a new issue of 175 million of Convertible Senior Notes due 2006 (the "Notes"). The Notes will be convertible into COR Therapeutics Common Stock, at the option of the holder, at a price to be determined. The Company may also issue up to an additional 50 million of Notes to cover over-allotments in connection with the offering. COR Therapeutics intends to use the proceeds of the sale for research and development activities, possible acquisitions of complementary businesses and technologies, and general corporate purposes. The Notes have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933, as amended.” CORR
Three recent additions to the “A” Portfolio are being reported on.
EMBT ($29.05): News for EMBT: “SAN FRANCISCO--(BUSINESS WIRE)--June 4, 2001-- Describe, the next generation of GDPro, enables developers to plan and build complex applications from within one integrated environment Embarcadero Technologies, Inc. (Nasdaq:EMBT), today introduced Describe(TM), a Unified Modeling Language (UML) design and development tool that can reduce the traditional friction between enterprise application development teams, their tools, and their work. Describe, the next generation of the award-winning GDPro, soothes this long-standing friction by providing a single interface solution and focusing on delivering productivity for the enterprise application team. Traditionally, UML tools have not communicated well with Integrated Development Environments (IDEs), forcing users back and forth from design environment to development environment. Furthermore, UML tools have required active steps to keep design artifacts synchronized with the actual code as it is being built. As a result, many organizations have chosen to forego the acknowledged benefits of the UML, due to the perceived negative net productivity. Describe helps to eliminate this problem by embedding its UML modeling functionality within popular Java-based IDEs. This enables users to simultaneously view and manipulate the class model and its underlining code in the same environment and better understand the relationships between them. Describe offers developers the option to work within the familiar, robust development environment of their choice, beginning with Sun's Forte for Java (see accompanying release) with additional IDE support later in the year. With the option to enable live round trip engineering directly within this environment, development teams can leverage model driven development and the benefits of UML without a major investment associated with a tool transition. "Imagine if you were forced to go back and forth between two programs -- one for composing e-mail messages and another for sending and receiving them," says Wayne Williams, CTO of Embarcadero Technologies. "That painful back-and-forth process is what developers have been faced with for years. With Describe, developers can now both model and develop an application within one view.” EMBT
PALM ($6.03) News for PALM: “TAIPEI, Taiwan, June 1 /PRNewswire/ -- Acer and Palm, Inc. (Nasdaq: PALM) today announced that Acer has licensed the Palm OS(R) operating system through 2005. Acer will use the Palm OS platform to deliver its first Acer Mobile Device, expected later this year as part of Acer's Mobile Data Strategy -- a vision aimed at providing easy wireless access and exchange of enterprise and personal information via a handheld computer. With this move, Acer and Palm further expand the industry's leading handheld platform and Palm Economy development opportunities to a new population of customers and developers in the Asia Pacific region. As part of the agreement, Acer and Palm plan to work together to deliver both traditional and simplified Chinese language versions of the Palm OS platform for customers in the Asia Pacific region. Recently confirmed as Asia's No.1 computer "SuperBrand" for the third consecutive year by Reader's Digest subscribers, Acer aims to use the world-leading Palm OS platform as a key weapon in its plan to further develop the Asia Pacific mobile device market. Acer said it chose the Palm OS platform because of its power and superior flexibility for easy expansion and adaptation by enterprise users and consumers worldwide. Acer expects more developers in the Asia Pacific region to join the Palm Economy by creating localized Palm OS platform applications for Chinese speaking customers.” PALM
CMRC ($6.31): News for CMRC: No new news for CMRC. CMRC
HAND ($9.87) Handspring, Inc. News for HAND: No new news for HAND. HAND
CHIR ($56.20) Chiron Corp. is a biotechnology company that is developing products for preventing and treating cancer, infectious diseases and cardiovascular disease. News for CHIR: No new news for CHIR. CHIR
MLNM ($42.02) News for MLNM: No new news for MLNM. MLNM
JDSU ($17.32) News for JDSU: No new news for JDSU. JDSU
MYGN ($76.55) News for MYGN: No new news for MYGN. MYGN
PFE ($43.13) Pfizer Inc. News for PFE: No new news on PFE. PFE
New stocks for this newsletter and to our “A” Portfolio.
EXTR ($34.17) Extreme Networks provides switching solutions that meet the needs of enterprise local area networks, via utilization of ASIC semiconductors throughout the product line. For the 9 months ended 3/01, net revenues totalled $376.2M, up from $169.5M. Net loss totalled $57.5M vs. an income of $19.5M. Revenues reflect increased sales of Summitstackable & BlackDiamond products. Net loss reflects $22.1M in goodwill charges & $30.2M in technology write-off cost. EXTR
PBSC ($6.95) Packard BioScience is a developer, manufacturer and marketer of instruments and related consumables and services for use in the life sciences research and nuclear industries. For the 3 months eneded 3/31/01, revenues rose 29% to $51.5M. Net income from cont'd. ops. totaled $1.2M, vs. a loss of $3.7M. Revenues reflect the acquisition of the Life Sciences division of GSI Lumonics. Net income also reflects the absence of stock compensation expense. PBSC
EXDS ($8.00) was added to our “A” Portfolio at $8.00. EXDS is a provider of Internet system and network management solutions. EXDS offers server hosting, Internet connectivity, collaborative systems management and Internet technology services. For the 3 months ended 3/01, revenues totalled $348.7M, up from $132.5M. Net loss before acct. change totalled $649.6M, up from $59.7M. Results reflect an increase in hosting, network services and managed services, offset by the inclusion of a $30.6M restructuring charge. EXDS
With the Market being so volatile, a trader should have some close mental stops in the stocks they buy. We suggest a mental stop of 20% is used where appropriate.Income and Bonds
We recommend buying utilities based in Florida and not any utilities based in California. The reason is California based utilities do not produce enough of their own power and have to go onto the open market to buy power during peak usage. California utilities are having trouble and two of them Edison Intl. (EIX) and P G & E Corp. (PCG) are having problems so stay away from them for now. PCG has declared bankruptcy last week and Edison Intl. (EIX) has said they will not declare bankruptcy for now. We would stay away from any power generators that supply power to any California utilities at this time. For a person needing some income be sure to look into electric utilities for some bargain buying opportunities to take advantage of the high dividend paying utilities. We would buy 5-year and 10-year treasuries for income and some appreciation if interest rates were lowered more this year. We recommend 3-6 months Treasuries because they are currently yielding 4.0%. CEI yield has gone down to 9.8% but it is still a buy for its yield and our target is $35. We also like these two reits: CRE yielding 6.5% CarrAmerica Realty is a REIT that focuses primarily on the acquisition, development, ownership and operation of office properties in suburban growth markets in the U.S. Forthe FY ended 12/31/00, revenues rose 8% to $558M. Net income from continuing operation fell 3% to $147.2M. Revenues reflect the development of properties being placed in service and higher occupany rate for store properties. Earnings were offset by a lower gain on the sale of assets. CRE and SPG yielding 7.81% Simon Property Group, Inc. is a self-administered and self-managed REIT company, primarily engaged in the expansion & development of real estate properties, primarily malls and shopping centers. For the fiscal year ended 12/31/00, revenues rose 7% to $2.02B. Net income before extra item & acct. change, applic. to Common and limited partners rose 14% to $347.4M. Revenues reflect the CPI merger. Net income reflects gains vs. losses on RE sales. SPG
We have another energy stock we like that has some risk but not as much risk as some of the other energy stocks out in the market. The stock is Entergy (ETR). We added ETR ($42.13) to the “A” Portfolio at $38.50 on April 16th, 2001. News on ETR: No new news for ETR. ETR
Stocks for 2001
The new stocks we have added to our charts for 2001 are: INSP; IMNX; ICOS; TQNT; TGEN; SBUX; RSTA; CRXA; COST; WM; ISLD; MCOM; CHKP; EMLX; ITWO; MANU; JNPR; MUSE; VRTS; QLGC; VRTY; ACRT; AREM; CHCS; INRS; PWER; PDII; SNWL; CHEZ; KO; CORV; GPS; GSPN; MDT; MRCY; AMCC; VTSS; XLNX; BKE; MYGN; CHIR; APC; DVN; JNY; MCLD; NBR; PTEN; QQQ; and TXN. We dropped the following stocks: T; EWEB; ROWE; SGAI; PCOR; PCNTF; ICY; AND LU. You will notice there we be more sections in the charts section of the website. We still will have sections called 12 month, Like, and Tracking. With new sections for Beaten up stocks from 2000, an ADV section for stocks new to our Newsletter, and a section called Dogs of the Dow. Dogs of the Dow are five stocks chosen from the Dow Jones Average of 30 stocks that has shown to beat the market over the past few years.
Some the company’s reports written about Stocks 2001 in the newsletter are here Stock Picks 2001
With the Market being so volatile, a trader should have some close mental stops in the stocks they buy. We suggest a mental stop of 30% is used where appropriate.
Readers will notice all our stocks we follow are on a separate page and we will list prices to purchase stocks at and a target price that we feel the stocks have of reaching in 12 months.